Avjennings Limited ( (AU:AVJ) ) has issued an announcement.
AVJennings Limited reported a strong performance in the third quarter of FY25, with a 25% increase in contract signings and a 26% rise in lot settlements compared to the prior corresponding period. The company’s growth was driven by increased land sales in Victoria and Queensland, although integrated housing contract signings were slightly down. Despite ongoing slow market conditions in Victoria and limited stock in Queensland, the company saw a 25% improvement in sales conversions, aided by a recent interest rate cut by the RBA, boosting buyer confidence.
More about Avjennings Limited
AVJennings Limited is a company operating in the real estate industry, focusing on the development and sale of residential lots and integrated housing projects across various regions in Australia.
Technical Sentiment Signal: Sell
Current Market Cap: €96.74M
Learn more about AVJ stock on TipRanks’ Stock Analysis page.