Business
Stockland’s window into COVID-19 recovery – The Australian Financial Review
As the country’s single largest developer of new residential housing, Stockland is a barometer of a critical engine of economic growth. Its latest results give reason for optimism.
“For the whole year, home deposits are up about 14 per cent,” Steinert says.
“If you look at the June quarter, net deposits are up 23 per cent. In Western Australia, which has got the least restrictions and the most incentives for first home buyers and owner-occupiers, volumes are up three times and leads are up 35 per cent.
“So we are expecting a pretty robust first half, with both HomeBuilder, low interest rates and a broader stimulus for the economy driving that. And that’s actually what we…
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