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Residential developers landbanking denial

Posted on 07 March 2013

Property developer Australand has denied claims it ranks among Australia’s leading residential landbankers – a claim made after a study of housing lots around Australia undertaken by activist website, Prosper.
The property developer had less than 8.5 years of supply compared with 19.2 years estimated by Prosper, Australand advised Property Observer who sought a response from all seven leading developers. The overall claim of land banking went un-rebutted by the six other publicly listed developers………………………………………..Full Article: Source


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