Some apartments being built are the poor public policy 'build to rent' (with 10 per cent reserved for what can be challenging 'affordable housing' tenants) so these won't result in 100 individual sales if there are 100 in a multi-storey block.
The decreased likelihood of RBA cash rate reductions in calendar 2024 won't help the volume of sales to rise, although how many more investors (especially in debt-laden Labor's Victoria with its massive number of property taxes and tenant-favouring newish regulations) is one wildcard.
Ann: FY24 Half Year Results Presentation, page-18
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Last
$13.88 |
Change
-0.100(0.72%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.97 | $13.81 | $2.425M | 174.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 800 | 2 |
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| PXA (ASX) Chart |