A Christmas Message From The Managing Director - Summer 2021
20 December 2021
As we all continue to navigate COVID-19 for a second year, I look back on 2021 feeling proud at how Cedar Woods has performed over the past 12 months. Despite the lengthy lockdowns, border restrictions and ongoing pressures due to the pandemic, the team has proactively seized opportunities that will continue to grow our business.
Building communities is at the heart of what we do and to play a part in one of life’s greatest milestones, a new home, is a privilege we do not take for granted. We are delighted to have welcomed over 900 residents into a Cedar Woods community this year.
In 2021, buyer demand for ideally located, quality product continued to surge, placing Cedar Woods in a strong position with a variety of projects and products on offer to meet the needs of the market. This has seen many projects rapidly selling through available stages and Cedar Woods has accelerated the development of new stages and releases of new projects to meet the demand. Over the year, Cedar Woods added five new projects to our portfolio across Western Australia, Queensland, and Victoria, constructed over 250 townhouses and apartments across four states and developed almost 900 lots ready for sale.
In 2021, Cedar Woods proudly supported The Smith Family - Australia’s leading children’s education charity - with our national partnership sponsoring 100 students. The partnership aims to assist Australian children and young people in need to thrive and succeed by providing educational support. We hope this will be a strong, long-lasting partnership.
Looking forward in 2022, with a pipeline of more than 10,000 lots/units, Cedar Woods is making the most of favourable market conditions and is continuing to bring forward the release of new project stages to capture the demand from new home buyers. Cedar Woods is continuing to present a steady stream of residential and commercial products to the market especially from projects like Glenside and Fletcher’s Slip in South Australia, Incontro in Western Australia, Greville in Queensland and Mason Quarter in Victoria.
We are well placed for the future with positive economic and market factors such as low interest rates, pent up demand, limited new housing supply and falling unemployment supporting the new housing sector. These conditions are expected to continue as international and domestic border restrictions lift in early 2022 and migration into Australia restarts.
As we head into the festive season, I would like to wish everyone a safe and happy Christmas and I look forward to sharing more Cedar Woods stories with you in the New Year.