Residential assets are out of favour at the moment.
Hence GPT bidding at the moment for Australind's non residential assets only.
Still, GPT trades around its NAV, while the residential housebuilders at more than a 70% discount, so you pays your money and takes your choice.
In theory the shares of a housebuilder should be a lead indicator of any future recovery ( or even stabilisation) in residential volumes, plus if prices ever do increase again, you get a kicker to NAV.
