HOUSING DEVELOPMENT – AUSTRALIA

HomeBuilder scheme prompts oversupply fears

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Original article by Nila Sweeney
The Australian Financial Review – Page: 31 : 9-Jul-20

Some residential property developers have reported a sharp rise in sales since the federal government announced its six-month HomeBuilder scheme in June. Cedar Woods’ chief financial officer Leon Hanrahan has warned that some developers could overbuild in response to the scheme, resulting in an oversupply of new housing. Jeremy Sheppard of Select Residential Property says the risk of an oversupply is particularly high at housing estates in the outer suburbs of capital cities.

CORPORATES
CEDAR WOODS PROPERTIES LIMITED – ASX CWP, SELECT RESIDENTIAL PROPERTY

Mirvac cranks up its residential output as demand surges

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 33 : 21-May-15

Australian-listed property developer Mirvac Group is enjoying strong demand for homes in its master-planned residential housing estates. CEO Susan Lloyd-Hurwitz notes that sales have been particularly good in Melbourne and Sydney, with some $A250m worth of sales in Melbourne so far in 2015. She says Mirvac has been increasing the rate at which it releases housing lots in response to the strong demand.

CORPORATES
MIRVAC GROUP – ASX MGR