Latest Housing Market News

News Corporation reported a modest 1% revenue increase to $2.01 billion and a striking 67% jump in net income for Q3 Fiscal 2025, driven by digital subscription growth and strategic asset realignment including the Foxtel sale.

Capral Limited reported steady 2024 financial results with solid profitability despite softer residential markets, while announcing board changes and continuing its share buy-back program.

Big River Industries reports a 3.3% revenue decline in 1H FY25 but shows signs of operational resilience and strategic progress amid challenging market conditions.

GWA Group Limited reported a 1.9% revenue increase and a 3.2% rise in normalised EBIT for the half year ended December 2024, supported by strong cash flow and operational discipline. The company declared a fully franked interim dividend of 7.5 cents per share, up 7.1%.

Westpac's 1Q25 results reveal a solid financial footing with a $1.7 billion net profit, strong capital ratios, and resilient credit quality despite a modest revenue dip.

Mirvac Group reported a solid first half with a $236 million operating profit, driven by a 51% surge in residential lot sales and strong development momentum. The company reaffirmed its full-year earnings guidance, signalling confidence in its growth trajectory.

ASB reported a modest 1% increase in cash net profit after tax for the half-year ending December 2024, underpinned by rising lending volumes and strategic investments in housing and fraud prevention amid New Zealand's gradual economic recovery.

News Corporation reported a robust half-year performance with revenues up 4% to $4.33 billion and net income soaring 80% to $334 million, while advancing its strategic pivot through the planned sale of Foxtel.

Simonds Group Limited has agreed to acquire Dennis Family Homes for an estimated $10 million, significantly broadening its product portfolio and market presence in Victoria and New South Wales. The deal is expected to boost revenue by $200 million in FY26 and be earnings accretive by Q1 FY26.

Unith Ltd has strengthened its financial position through a partial divestment in AudioStack while renewing a key public health contract and achieving its highest B2C subscription revenue in two years.