Cedar Woods strengthens national development pipeline with new acquisitions in Victoria and Queensland

Cedar Woods Properties Limited (ASX: CWP) has strengthened its medium-term development pipeline with a series of strategic acquisitions across Victoria and Queensland.

The recently secured sites are located in Kealba in Victoria, Fairfield in Queensland and South Maclean in Queensland. Together, they are expected to support the future delivery of townhouses, apartments and residential lots across multiple stages.

The acquisitions reflect Cedar Woods’ disciplined approach to securing well-located development opportunities in key growth corridors and established infill areas, at a time when housing supply remains a structural challenge across Australia.

New housing planned for Kealba, Fairfield and South Maclean

The Kealba site in Melbourne’s west is expected to deliver approximately 200 townhouse lots, adding to Cedar Woods’ Victorian pipeline in an established residential area.

In Queensland, Cedar Woods has secured a Fairfield apartment development site expected to deliver more than 500 apartments across multiple stages, subject to planning-related approvals.

The company has also acquired land adjoining its existing Flourish community in South Maclean, adding approximately 47 lots to the project pipeline.

Supporting housing supply in key growth markets

Cedar Woods Managing Director Nathan Blackburne said the acquisitions reflected the company’s long-term acquisition strategy and focus on well-located sites capable of delivering strong returns through multiple market cycles.

“Cedar Woods continues to focus on acquiring well-located sites capable of delivering strong long-term returns through multiple market cycles,” Mr Blackburne said.

“Importantly, the Company retains strong balance sheet capacity to absorb these acquisitions, with the timing of settlement supporting continued capital flexibility.”

The acquisitions come as Australia continues to face a significant structural housing undersupply, particularly across Western Australia, Queensland and South Australia — three of the four markets in which Cedar Woods operates.

A disciplined approach to growth

While enquiry and sales activity softened in the fourth quarter to date, reflecting lower stock availability and softer consumer confidence following rising interest rates, Cedar Woods noted that underlying fundamentals remain strong.

The company continues to progress projects and stages across its national portfolio, supported by significant presales, low gearing and undrawn finance facilities.

At 31 March 2026, Cedar Woods had presales of more than $788 million, with more than 80 per cent of forecast FY27 revenue presold. The company also remains on track to deliver the top end of its FY26 earnings guidance.

Building communities for the long term

For more than 35 years, Cedar Woods has taken a long-term approach to creating quality homes, workplaces and communities across Australia.

These latest acquisitions continue that approach, adding future housing supply in locations where people want to live and where new homes will be needed in the years ahead.

From residential lots and townhouses to apartments in established urban areas, Cedar Woods remains focused on delivering well-planned communities that create long-term value for customers, shareholders and the broader community.