** Citi highlights property developer Ingenia Communities's INA.AX stable property construction timelines and consistent delivery periods
** Says recent rate cuts have sparked a rise in inquiries, with Victoria seeing improved clearance rates boosting buyer confidence, while slowing interstate migration offers a positive outlook
** Adds Queensland's performance remains strong, whereas New South Wales sales are stable
** Citi says property construction market has stabilized, with delivery timelines consistently at 21-22 weeks
** Brokerage in the medium term expects margins to improve; However flags, near-term EBIT margins to be slightly affected by increased marketing expenses
** Maintains 'buy' rating at target price of A$6.50/shr
** Stock up 20.7% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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