Stockland’s land lease development domination coming at pace

The Sydney-based diversified property group is on track to overtake Hometown Australia as the country’s largest land lease operator. 

In Issue 77 of SATURDAY, the latest figures from land lease specialists Chadwick Property Valuers reveals Stockland is on track have a portfolio of 12,789 land lease homes with its current pipeline. Hometown Australia will be left behind with 9,895 homes. 

Land lease has been the key strategy of CEO Tarun Gupta, since he moved into the role from being Lendlease Chief Financial Officer. 

In its 3Q24 Market Update in April, Stockland said it had accelerated development activity, with up to 12 new communities expected to launch during FY24.  

It has also informed shareholders the ACCC (Australian Competition & Consumer Commission) will announce on 4 July its findings on the proposed acquisition of 12 residential masterplanned communities, which would include up to nine land lease communities, by Stockland Supalai Residential Communities Partnership from Lendlease.  

Their communities are not ‘affordable’ anymore. Last week they declared that only nine sites remain at B by Halcyon, nestled in the highly sought-after foothills of Buderim. They are for sale from $1.195 million to $1.8 million, but they are also big, sitting on 370 to 690sqm of land.

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