PRODAP RESIDENTIAL LAND AND PACKAGED HOUSING MARKET REPORT JUNE QUARTER 2007
(SAMPLE ANALYSIS ONLY)
Packaged Housing Market Update
Quarterly Summary - Townhouse, Villas & Packaged Housing
Total packaged housing sales for the June 2007 quarter were 165, down 18%
from the same quarter a year ago.Total dwellings available for sale were 329, a
decrease of 35% over the previous year. Not accounting for any future
production, current supply for townhouses, villas and packaged housing is
approximately 6 months. The market has slowed over the year due to the
general exodus of investors from the property market to the stock market.
Expected production in the next 12 months is forecast at 1,466 which should
help sales figures in the coming quarters.
HOUSE/LAND PACKAGES
Sales are continuing at very low levels
for house and land packages on the
Gold Coast (165), the lowest in five
years.
Coinciding with the next property boom beginning in 2008-09, sales levels are expected to increase from this low. The increase will be steady and offset only by the release of more land.
Sales for the June quarter for most projects surveyed did not reach over 20. Sunland's Jefferson was one of the few exceptions, which produced 25 sales, or 15% of the market share (see page 19).
*note: Figures for House/Land packages have been reconfigured to exclude apartment sales since Sept 2004
Townhouse/Villa/Packaged Housing Market Main Players
PACKAGED HOUSING SALES BY PROJECT
Packaged Housing Planned Production
FORECAST FUTURE PRODUCTION - BY PROJECT
