Property

Housing market "defying logic" says Oceania

Jenny Ruth
Tue, 26 Jan 2021

Jenny Ruth
Tue, 26 Jan 2021
Oceania Healthcare chief executive Earl Gasparich said the housing market is "defying logic," making it difficult to forecast his company's results.The retirement village operator just reported a 67 percent jump in first-half profit, almost entirely because its valuer CBRE has mostly reversed its gloomy view of the covid-19 pandemic's impact early in its onset."Back during the government lockdown in March, April and May, nobody expected to see the type of rebound in demand that we've seen in the last six to eight mont...

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