2242 GMT [Dow Jones]--Australia's residential property market is improving and the timing suits Stockland better than Mirvac, says Morgan Stanley. Both companies should benefit from lower interest rates stimulating demand for homes. Stockland is heavily weighted to Masterplanned Communities, or MPC. Demand for MPC is traditionally more elastic to the residential price cycle, MS says. That means Stockland "should have earlier leverage to sales lift, and therefore revenue, versus Mirvac," analyst Lauren A. Berry says. MS estimates Mirvac may only have some 500 MPC contracts on hand. That means FY 2026 consensus for 1,800 MPC settlements looks a tad bullish, MS says. "On the other hand, we expect Stockland to comfortably achieve our 7,500 lot settlements forecast in FY 2026." (david.winning@wsj.com)

(END) Dow Jones Newswires

June 16, 2025 18:50 ET (22:50 GMT)

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