As we wrap up the August 2024 reporting season, several key trends and economic conditions have emerged across various sectors, reflecting the diverse pressures and opportunities currently influencing the Australian market.
Real Estate & Housing:
-The housing market continues to face significant supply constraints, driving up prices and limiting new developments.
Key Stock Insights:
-REA Group (REA): Listing volumes are improving, supported by strong market demand.
-Mirvac (MGR): Housing supply remains incredibly restricted, highlighting ongoing challenges.
-Stockland (SGP): New home enquiry levels are stable, with signs of potential growth despite broader market challenges.
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