FRI is holding up fairly well given the market downdraft. But the market also views FRI with caution because its apartments are sold in Perth, the land of the mining bust.
Justifiable concern, but also some evidence that FRI is positioning its products (style and location) where demand remains reasonable good. Latest evidence comes from first day business at Unison: Here's what a local paper said (30 Sept):
"Set in a vibrant and fast-growing area, the new Unison on Tenth apartments went on sale with much interest from the community. With more than 90-100 groups through on the first day, there were seven immediate sales and more than 15 apartments placed on reserve. Developed by Finbar Group Limited, the 10-storey complex will feature 167 stylish and beautifully presented apartments, with prices starting from $360,000."
Seems that many folks in Perth are still seeking out inner city living in spite of tough times.
FRI is holding up fairly well given the market downdraft. But...
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Last
85.0¢ |
Change
0.010(1.19%) |
Mkt cap ! $231.3M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 85.0¢ | 83.0¢ | $144.1K | 171.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 102481 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 54721 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FRI (ASX) Chart |