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Mustera Property Group Ltd. ( (AU:MPX) ) has provided an update.
Mustera Property Group reported steady operational progress in the December 2025 quarter, advancing its 42-apartment Verse on McCabe project in North Fremantle towards an anticipated construction start in the June 2026 quarter, supported by continued strong buyer interest and contracted sales of about $15.05 million. The group also continued to sell down remaining stock at its Forbes Residences project in Applecross, including the settlement of a $3 million apartment and another now-unconditional sale, while divesting its Midland landholding for $1.375 million to pay down debt, and incurring operating, marketing, overhead and finance costs consistent with ongoing development and marketing activity; related-party payments mainly comprised directors’ remuneration and administrative and secretarial services.
The most recent analyst rating on (AU:MPX) stock is a Sell with a A$0.11 price target. To see the full list of analyst forecasts on Mustera Property Group Ltd. stock, see the AU:MPX Stock Forecast page.
More about Mustera Property Group Ltd.
Mustera Property Group Ltd is an Australian property developer focused on residential and mixed-use projects, with a portfolio that includes apartment developments and commercial units in Western Australia. The company concentrates on high-density urban sites such as North Fremantle, Applecross and East Perth, and manages a mix of development, marketing and selective asset divestment to support its capital structure and reduce debt.
Average Trading Volume: 1,904
Technical Sentiment Signal: Sell
Current Market Cap: A$21.29M
For an in-depth examination of MPX stock, go to TipRanks’ Overview page.