IFM are interested in stocks that are directly linked to affordable house building

Livewire Equities


IFM are interested in stocks that are directly linked to affordable house building. In a chat with Livewire, Neil Carter, the small caps specialist singled out Villa World (ASX: VLW) for special attention. The one we really like is Villa World, a Queensland based property developer... they build low cost housing. They don't offer you very much choice at all, they build houses, less than $10,000 per square meter whereas most are in the $12-15k bracket. So very, very competitive but you can't have lots of choice. So we think that's a very effective model. Very attractive for first home buyers. And we've seen them really upgrade their forecasts over the last six months as the number of housing starts and sales have picked up.

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