PRODAP RESIDENTIAL LAND AND PACKAGED HOUSING MARKET REPORT JUNE QUARTER 2007
(SAMPLE ANALYSIS ONLY)
Sales, Stock & Planned Production
Aggregate statistics for vacant lots and house/land packaged are as follows:
| Vacant Allotments | House/Land Packages | Total | |
| Sales | 626 | 165 | 791 |
| Stock for Sale | 700 | 329 | 1029 |
Aggregate sales for the quarter to September 2006 (974) increased by 155 against the previous quarter.
Aggregate sales declined from 986 to 791 (almost -20%), mainly due to a sharp fall in vacant land sales (almost -24%), during the June 2007 quarter. The fall in sales volume reflects seriously low developer stock levels, rather than any decline in demand. In addition, a large parcel of 240 lots at Marina Quays (Hope Island) has been held back from the market until the project launch on 22-23 September. Examples of low stock levels are Coomera Springs (13), Pacific Pines (10), Highland Reserve (10), Jacob's Ridge (10) and Genesis (0). Each of these large projects normally hold much higher stock levels. We are told consistently by developers that this situation is caused by delays in obtaining Council approvals.