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An announcement from Finbar Group Limited ( (AU:FRI) ) is now available.
Finbar Group has reported a strong off-the-plan sales launch for its wholly owned Palmyra West Apartments development in Palmyra, with more than 70% of the 130 apartments sold, representing about $67 million in presales and an expected total end sales value of around $98 million. The low-rise, medium-density project, positioned 4 km from Fremantle and offering extensive lifestyle amenities, is set to begin construction in March 2026 and be completed in the first half of FY28, underscoring Finbar’s ability to meet demand in an increasingly affordability-conscious market and reinforcing its brand strength with significant participation from first home buyers and repeat customers.
The most recent analyst rating on (AU:FRI) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Finbar Group Limited stock, see the AU:FRI Stock Forecast page.
More about Finbar Group Limited
Finbar Group Limited is Western Australia’s leading apartment developer, focused on delivering low to medium-rise residential projects across high-amenity urban suburbs. The ASX-listed company maintains a substantial development pipeline and targets both first home buyers and repeat purchasers in Perth’s apartment market.
Average Trading Volume: 244,266
Technical Sentiment Signal: Buy
Current Market Cap: A$225.9M
See more insights into FRI stock on TipRanks’ Stock Analysis page.