"Discernible shift" in consumer sentiment detected: Sunland

"Discernible shift" in consumer sentiment detected: Sunland
Jonathan ChancellorDecember 7, 2020

Sunland's annual $14.3 million net profit was up 5%, following a rise in residential sales.

The Queensland based developer reported 629 sales worth $389 million for 2013- 2014 which was up from 261 sales worth $128 million in the prior year.

Sunland's 629 sales were at an average price of $618,000. 

“There was a discernible shift in consumer sentiment during the second half of the financial year, contributing to increased sales across Sunland’s national portfolio, “ Sunland managing director Sahba Abedian said.

The developer secured $82 million worth of development sites across Australia with a development pipeline valued in excess of $3.2 billion.

This ­financial year it expects to launch nine projects with an end value of $1.3 billion.

Sunland, which made its name as the creators of Surfers Paradise’s landmark Q1 tower, flagged a $20 million net profit for 2015, so long as property market conditions remained unchanged, Sahba Abedian told The Australian.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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