They sold 270 units January to June which is 38% up on last year. This includes 110 resales and 160 new units, largely from four new villages.

Our third-largest village operator, Stockland, will have sold about 450 units in the same period but we have six times the population.

Summerset expects to record a profit of between $32 million and $34 million in the year ending December 31, compared with $24.4 million last year.

Their share price has jumped 28% so far this year. (Pictured, Summerset CEO Julian Cook).