Question - Suburban Land Agency

1. For single residential blocks in Wright, in the financial years (a) 2017-2018, (b) 2018-2019, (c) 2019-2020, (d) 2020-2021 and (e) 2021-2022, what is the (i) revenue from contacts with customers, (ii) median revenue from contacts with customers, (iii) total cost of land sold, (iv) median cost of land sold per block and (v) total number of blocks sold.
2. For multi-unit blocks in Wright, in the financial years (a) 2017-2018, (b) 2018-2019, (c) 2019-2020, (d) 2020-2021 and (e) 2021-2022, what is the (i) revenue from contacts with customers, (ii) median revenue from contacts with customers, (iii) total cost of land sold, (iv) median cost of land sold per block and (v) total number of blocks sold.

The below tables provide the requested information for Wright. The revenue forecast from contracts with customers aligns with budgeted settlements and the costs represent the direct costs such as construction costs. However, it should be noted indirect costs (such as selling costs, marketing, financial management, corporate and Board costs, etc.) that are incurred by the Suburban Land Agency are not included, nor any other costs incurred by the Government to support the development.

Table 1224.1 - Wright Single Residential

Notes: The majority of the Wright Estate was sold prior to 2017-18. Sales in 2020-21 include blocks originally released as Land Rent blocks, but which were surrendered by the original purchaser and re-sold by SLA.

Table 1224.2 - Wright Multi-Unit

Notes: The majority of the Wright Estate was sold prior to 2017-18. The sale in 2019-20 represents the transfer of public housing within Government for which SLA derived no revenue.