Urban Development Institute of Australia (UDIA) Submission on the Statement of Issues for the Stockland and Supalai proposed acquisition of 12 residential master-planned communities from Lendlease Group (the Acquisition).
Given UDIA National membership incorporates the majority of developers including entities involved in this Statement of Issues, it would be inappropriate to provide any comment on the specifics of the Acquisition itself. This submission does not make comment or seek to influence the ACCC’s final decision on the Acquisition.
Our firm position is that there needs to be healthy market competition in the delivery of housing and anti-competitive behaviour cannot be allowed.
UDIA National instead is focussed on answering the general market analysis questions raised by the ACCC on page 9. We want to ensure that ACCC’s methodology for determining the impact of markets on price and developer behaviour is as accurate as possible, now and into the future.
Our Full Submission can be found at the Download Button below