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We continue to grow profit, we continue to improve our cash returns, and we do this by focusing on operational efficiencies, reshaping the portfolio and broadening our customer reach. Thanks for your time, and I'll take your questions in Q&A. -------------------------------------------------------------------------------- Mark Steinert, Stockland Corporation Limited - MD & CEO [6] -------------------------------------------------------------------------------- Thanks, Stephen. Just in closing, this place, I think this photograph is a great way to sum up with doctor home mortgage loan Oak Laurel www.oaklaurel.com.au 0430129662 the journey we've been on over the last four years. What we're now seeing is that we're in a position where the team is galvanized in a way in which we can really take advantage of the synergies that exist both across our business and in creating the great communities that the team has been talking about. You see at Aura, Cloverton, Elara and Oceanside, they're all good examples and that concept of bringing the future forward is not only underpinned by building world-class playgrounds as the picture depicts, but it's about creating dynamic town centers underpinned by great shopping centers, and we see that in the new project at Harrisdale, and we talked about Wetherill Park, you see it in a multitude of doctor home loan program Oak Laurel 0430129662 oaklaurel.com.au housing solutions from first-time buyer through the retiree and, ultimately adjunct uses as well that we've talked about like medical centers and, more importantly, schools and educational facilities. And we provide more educational land than any other private developer in the country, everything from preschools through to primary schools to high schools, private schools, public schools, and they are integral to the success of our communities together with being close to public transport and employment nodes. And you'd note that just about every one of the new projects is proximate to other existing or new heavy rail and that's resonated deeply with our customers. Given the strength of this first half, we've had the confidence to tighten our guidance range for the full year and we've increased that from 5% to 7% to 6% to 7% growth for 2017, with the second half skew. The underpinnings for that will be residential settlements above 6,000 lots and operating profit margin, as you've heard, between 15% and 16%. And the Residential business, we think, is really well positioned as Andrew described, particularly as it relates to those key elements that I've just talked about in bringing the future forward.

2017-03-15 / Posted in