Originally Posted by
Maverick
Hey Winner and Fiordland M, have a look at this:
This was posted by SUM 2.5 months ago…..
“We’re not seeing excesses of stock or any changes in demand either, our available retirement units have stayed steady, and demand doesn’t appear to be tethered to the property market.
“Enquiry levels remain high, and waitlists are strong and currently we’re not seeing any increase in days to sell or settle for people moving into a Summerset home. Our total sales for the half were 511, limited principally by availability of stock.”
Then this 1 month ago…
The Summerset CEO Scott Scoullar said the result was pleasing and demand for retirement living was strong.
“While the wider property market has seen a decline, interest in our villages has remained robust throughout Q3. Our waitlists grew five percent during the quarter with average levels of new monthly enquiries up approximately 15% compared with the first half of the year and up 18% compared to Q3 2021.
Then there is this from ARV 1 month ago….
We see continued strong demand for our retirement living offer with prices for retirement units remaining firm, even in a changing property market. Over the last two years there have been rapid increases in residential property prices, but our price increases have been conservative. This has provided us with a ‘pricing buffer’ and an ability to increase prices, despite the current residential market conditions.
We continue to see elevated levels of enquiries, particularly for villas and care suites. We are not seeing any build-up of stock and our deposited waitlists remain strong.
So I can't see any material problems so far within the industry. I also haven't seen any material problems in real life with anyone's real estate deals either. Seems to me everything is carrying on just fine so far…