Cash profit for Stockland retirement village division increased from $20M to $41M in Financial Year 2012, above forecasts and delivering a 4.25% return on its $1 Billion investment. Their average DMF was $87,000, or 27% of the turnover price. Occupancy was 94%.
Greenfield villages delivered 268 new retirement village home sales, also up by 42%, with an average price of $378,000. Stockland has a retirement village development pipeline of 3,800 retirement village homes, worth $1.8B across 27 sites. This is on top of the 7,800 homes they have now.
