Cheers @madamswer for your response, I always appreciate your...

Cheers @madamswer for your response, I always appreciate your views and thoughts.

I certainly don't think property is worth an immaterial amount, and I do think it has been a smart move to apply some grey matter to the excess property holdings. My thinking was that this income was stemming from properties that are surplus to requirements. How much surplus property can they continue to generate (rhetorical question)? I haven't really seen anything on the balance sheet that gives any idea how much other property there is to develop. There may also have been as aspect of good fortune with the Aussie housing market mostly being super strong over the last 20 years or so.

There is also the alternate flipside of BLD potentially needing to acquire properties as well.

Anyway - this is focusing on something very minor I suspect. If anybody does know something about the level of property assets BLD could continue to develop over time, that would be of interest.