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Home buyer slump puts pressure on Stockland Australia’s extended lockdown and sudden halt to migration are undermining diversified developer Stockland's strong start to the year and threatening earnings from its land estates and retail portfolio. Stockland, the country’s largest house and land developer, is a bellwether for home buyer sentiment but its strong pre-virus home buyer-driven recovery has come unstuck in the pandemic, with its retail portfolio also hard hit by the COVID-19 outbreak. A Stockland housing estate being built in Melbourne. Credit:Erin Jonasson

“Settlements are running in line with pre-COVID levels, it’s been sales where we’ve seen the real slowdown with the restrictions on people’s movements,” chief executive Mark Steinert said.

Prior to the virus outbreak, Stockland had experienced a promising…

The perks of buying a display home If you have ever dreamed of buying and owning a display home, read on... The Kuro by Webb & Brown-Neaves. Credit: Joel Barbitta/Supplied. If you have ever dreamed of owning a display-quality home, the good news is a number of builders offer the chance to purchase the real deal.

Sold complete with the modern furnishings hand-picked to suit, Webb & Brown-Neaves Sales Manager Peter Chellew said ABN Group display homes were great for style-conscious buyers seeking financial perks.

“Buying a display home as an investment has many benefits,” he said. “Most important is the six per cent rental return across ABN Group displays, which is substantially above normal rental returns.

“You have the perfect tenant, with the home being maintained in pristine cond…