sign of abating, with the company funnelling extra investment to lower-taxed neighbouring states to drive future earnings.
about limited land releases, higher local building taxes and in the state.
in its most recent trading period, they were still below the 25 per state and local charges on greenfield residential developments.
Jennings, which is based in Victoria, has since targeted its home state and Queensland, both to build more homes and also to add to its land bank, where 57 per cent of its total developable portfolio is now sited.
time, Jennings said in a statement to the ASX that it saw "no evidence" the situation in NSW would change in the short term.
were accounted for by NSW, although that rose to 39 per cent on the same period.
Jennings has development approval to build, or is developing, around two-thirds of its land bank, down slightly from the 70 per cent of two years ago.
compared to a $3.3 million loss in the re-stated first half.
It is restating its results, having decided to change its year-end to June 30, which will extend its actual 12 month reporting period by three months.
Macquarie real estate fund.
rose from 1215 to 1722 with a combined value of $307 million.
That was equally split between house building for individual buyers, of land to other developers.
likelihood of a full-year payout after June.
He's a bona fide Hollywood star, and Steven Spielberg and Brad Pitt are among his fans, but what Eric Bana treasures most is his life as a suburban dad.
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