Stockland 1H Profit Falls, Residential Outlook Improves

Stockland’s Half-Year Net Profit Drops 66%, but Positive Signal for Residential Property Demand Emerges

Stockland, an Australian property developer, announced a significant decline in its half-year net profit, which fell by 66%. Despite this decrease, the company is sending a positive signal regarding the demand for residential property as interest rates are expected to have reached their peak.