Quote:
We have achieved a good level of resales during the period despite operating in a softening housing market. The timing of sales of independent living apartments and villas has been impacted by conditions in the broader residential property market and we are starting to see an increase in the median days to sell these units. However, the price of retirement village units in the sector, including at Oceania’s villages, has historically been well below the median house price in the surrounding catchment areas. As a result of this buffer, Oceania has either maintained or increased pricing for its independent living villas and apartments over the last six months.
So it sounds like a timing issue - and time taken to settle. I was under the impression unit prices were around 60% of the local catchment price (but don't quote me on that and I cannot find the source right now)