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Highlights
- Residential property prices grew by 4.7% in the December 2021 quarter.
- The total value of Australia’s 10.8 million residential dwellings soared by AU$512.6 billion to AU$9,901.6 billion in the December quarter 2021.
- AFA, APW, and TIA gained 19%, 10%, 8.7%, respectively in June.
According to the Australian Bureau of Statistics, residential property prices grew by 4.7% in the December 2021 quarter. Brisbane recorded the strongest quarterly price growth, followed by Adelaide, Hobart, and Canberra. Similarly, the total value of Australia’s 10.8 million residential dwellings soared by AU$512.6 billion to AU$9,901.6 billion in the December quarter 2021.
What macroeconomic factors are influencing the real estate market?
With this backdrop, let us have a look at the best performing ASX real estate stocks in June.
ASF Group Limited (ASX:AFA)
ASF is a diversified investment company, focused on resources, technology, property, and financial services. The company’s business segment includes capital, property, and resources.
The property segment takes particular care in recognising and procuring real estate that holds the potential for healthy returns.
Recently, ASF group entered an agreement with Rey Resources to extend the maturity date of AU$2 million loan facility by one year, from 31 October 2022 to 31 October 2023.
AFA stock has provided 19% price return to its investors in the last month.
Aims Property Securities Fund (ASX:APW)
Image source: © Lekjorruang | Megapixl.com
APW offers investment management services to mortgage assets, direct property, and real estate securities. It is a subsidiary of the AIMS Financial Group (AIMS).
Let us have a look at the business fundamentals of the company
- Price to earnings – 3.67
- Return on assets – 12.59%
- Return on equity – 12.60%
Financial summary (Last twelve months)
- Revenue growth – 489.35%
- Gross income margin – 99.46%
- EBITDA margin – 82.91%
- Net income margin – 83.38%
- Earnings per share (growth) – 365.20%
The share price of APW gained 10% in June.
Tian AN Australia Ltd (ASX:TIA)
TIA is one of the oldest property developers in Australia. It is a real estate and investment company focused on developing and selling residential land and built-form products.
Following are the highlights of the company in the financial year ended 31 Dec 2021:
- Statutory profit of AU$1.1 million compared to a loss of AU$24.3 million in the previous corresponding period (pcp)
- Underlying loss of AU$4.9 million, compared to a loss of AU$3.1 million in the pcp
- Net asset balance as of 31 December 2021 was AU$82.4 million, up by AU$81.3 million in the pcp
Shares of TIA rose by 8.7% in June
