Summerset's 3Q sales up 11.5% on the year

Summerset's 3Q sales up 11.5% on the year
Rebecca Howard
Summerset Group’s third-quarter sales were up 11.5 percent from a year earlier as resales lifted and new sales remained firm. Summerset said it sold 165 occupation rights in the three months to Sep. 30, versus 148 in the same period a year earlier. Of those, 77 were new sales while resales numbered 88. In the same period a year earlier, 82 were new sales while 66 were resales. Summerset chief executive Julian Cook said total sales were aligned with expectations for the third quarter and resales were performing very well. Total sales...

More Property

'Take 15% or get nothing' tradies told
Infrastructure

'Take 15% or get nothing' tradies told

The alternative is liquidation and total loss, townhouse developer says.

Maria Slade 12 Jun 2024
Government to ease the way for foreign investment in BTR
Infrastructure

Government to ease the way for foreign investment in BTR

The current overseas investor regime is a stumbling block to more housing, minister says.

Maria Slade 11 Jun 2024
Govt can make a difference in housing
Economy

Dileepa Fonseka: Govt can make a difference in housing

Waiting too long to 'smash urban limits' can have untold consequences.

Dileepa Fonseka 10 Jun 2024
Golf course for sale as resort plans founder
Infrastructure

Golf course for sale as resort plans founder

Plans to turn the Pegasus golf club into a resort have stalled due to lack of funds.

Maria Slade 06 Jun 2024