Top Stock in Australia Is a Winner From Nation’s Housing Boom
- Broadband internet provider Uniti has jumped 95% this year
- New homes, industry pricing proposal set to bolster stock
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Australia’s hot property market and a proposed hike in wholesale broadband internet prices are supporting the nation’s best-performing stock this year.
Shares of residential internet provider Uniti Group Ltd. have surged 95% so far in 2021, beating other members of the S&P/ASX 200 Index. The gains have come as Australian home sales continue to outpace listings and the government’s National Broadband Network eyes higher prices on its network. The Adelaide-based company was added to Australia’s benchmark this month.