Summerset has posted its strongest quarterly sales on record, with 402 sales for the quarter ending 30 June 2025 – comprising 222 new sales and 180 resales – according to a market update released to the NZX and ASX.
It marks the New Zealand-based, continuum of care operator's best-ever first-half result, with 692 sales in total – up 18% on the same period last year.
“It’s certainly not an easy sales environment for us but we’re very happy with our progress so far this year and we’ll continue to work hard to bring new residents to our villages over the second half of the year,” CEO Scott Scoullar said.
The company remains on track to deliver its FY25 guidance of 650-730 homes, including the completion of village centre buildings at Cambridge in New Zealand's Waikato region, and Cranbourne North in Australia.
In Victoria, 55 homes have now been delivered at its first village in Cranbourne North, 39km southeast of Melbourne’s CBD. The village centre – featuring a wellness hub, café, lounge, library, theatre and a residential care home and assisted living apartments – is due to open in early 2026.
Meanwhile, the first independent living units at its $146 million Chirnside Park village, a 600-resident continuum of care community, 32km northeast of Melbourne's CBD, are expected to be delivered later this year. The village will open in early 2026.
Summerset will release its HY25 results on 28 August 2025.