The property business is usually quiet around this time of the year. I presume the movement of this stock share price will start to really perform in the first quarter of 2016. The property market stabilizing is probably best during this time of the year which gives all buyers and sellers a rest and plan for next year.
Being in the real estate business myself, the market does look good over the year with many govt infrastructure improvement projects currently in the pipeline, and McGrath also have a lot of projects happening in QLD & NSW which is currently producing great results.
Expecting a rebound and price spike to around $2.50-$2.80 in 3-6 months time.
MEA Price at posting:
$1.72 Sentiment: Buy Disclosure: Held