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Home buyer slump puts pressure on Stockland

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

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…

Nigel Satterley leads push to lift virus restrictions and reopen ‘ghost town’ display villages

The West Live: Nigel Satterley leads push to lift virus restrictions and reopen ‘ghost town’ display villages Danielle le Messurier The West Australian Wednesday, 22 April 2020 9:22AM Once popular display villages into ghost towns. Credit: supplied

A powerful Perth property developer is fighting to re-open display villages, which have turned into ghost towns in the wake of coronavirus.

Nigel Satterley says the Federal Government's decision to ban open home inspections as part of COVID-19 restrictions has had a devastating impact on the number of people attending display villages, which customers can now only visit by appointment.

But many interested parties are instead opting to stay at home, according to Mr Satterley who said the only people who come out are “quite advanced” in their plan…