|Bid||4.6600 x 0|
|Ask||4.3200 x 0|
|Day's range||4.2700 - 4.3900|
|52-week range||3.4200 - 4.7400|
|Beta (3Y monthly)||1.00|
|PE ratio (TTM)||16.36|
|Forward dividend & yield||0.28 (6.35%)|
|1y target est||N/A|
Stockland has posted a nearly 70 per cent drop in annual net profit in the midst of a steep downturn in the Australian property market.
The property market may be regaining favour but this positive sentiment isn't applying to the share price of this well-regarded property developer. Here's why...
Westpac Banking Corp (ASX:WBC) has tipped the Reserve Bank to cut rates again in November. Here's who you can beat low interest rates...
The decision by the banking regulator to scrap the 7% test will give housing-exposed ASX stocks an extra tailwind that could add a few hundred billion to the $5.5 trillion residential market.
This should be the ideal time to be investing in ASX property stocks with a turnaround in housing and falling interest rates. But there could be an exception.