Halcyon resales hit 20% as it notches up almost $1B in projects
The land lease operator has identified it has a turnover rate of 20% of homes established, or average occupancy of five years. With no Deferred Management Fee (DMF) and price growth, they say sellers have achieved $23 million in capital gains...
The land lease operator has identified it has a turnover rate of 20% of homes established, or average occupancy of five years. With no Deferred Management Fee (DMF) and price growth, they say sellers have achieved $23 million in capital gains since Halcyon was founded on the Sunshine Coast in 2004. As we covered here, Halcyon’s joint managing director Dr Bevan Geissmann says they are targeting a 25% market share of the land lease market in Queensland after recording $120 million in sales last year. The latest homes at its $70 million Halcyon Glades in Caboolture North are selling from $409,500. They also have three active developments underway – Halcyon Greens at Pimpama, Halcyon Lakeside at Bli Bli and Halcyon Glades at Caboolture.
