Stockland (ASX:SGP) is looking for acquisitions. Andrew Whitson, CEO of Communities business said, "Given this market outlook, we've been working to position the business for relative outperformance during the market recovery phase. And this plan has 3 key elements: the first is doubling down on affordability through reducing the average lot size and developing more efficient housing solutions with our major builder partners.

The second, accelerating production to reduce the time frame between sales and settlement. And the third, launching up to 6 new projects in Fiscal Year '24 to drive land bank activation and continue to explore organic and inorganic growth opportunities". Tarun Gupta, CEO and Managing Director said, "And as we look now into Fiscal Year '24 with our balance sheet capacity, our capital partner relationships, we are looking to restock both organically and if there's any attractive inorganic acquisition targets, we'd be looking at those".