Stockland Residential Outlook December 2008

Stockland reports that:

• The top end of the residential market is very soft.  Very fragile, and oversupply issues.
• First home owner segment stronger due to interest rate cuts and government grants
• Choice between owning and renting starting to favour owning, as rents are rising and interest rates are falling
• Investors returning to the market due to interest rate cuts, rising rents and poor stock market performance.   Investors make up 10% of Stockland buyers at present.

See Report (alternative site for Report)