If you’re an Australian Real Estate Investment Trust (AREIT) investor looking for reliable, stable income, you are being misled. The AREIT Index is not what you think and Goodman’s latest result shows how much you’re being led astray.Describing its mission as “logistics space for the world’s greatest ambitions”, Goodman is... Show More
Remember Clive Dunn, star of BBC post-war sitcom Dad’s Army? His character, Lance Corporal Jones, would descend into a state of hysteria at the first mention of Hitler. “Don’t panic, don’t panic”, he would shout at his card-playing comrades, embodying the reaction he was urging them to avoid. Show More
The Australian Real Estate Investment Trust sector’s total return of 13.2% for the 2018 financial year might get investors a little excited, especially with earnings growth of 3.4%1 over the period. Here we summarise the 3 key themes from reporting season and run through each of the main sub-sectors. Show More
Everyone shops on the Internet these days, don’t they? That’s why Armageddon looms for retailers and therefore investors in retail property. If you’re looking for a reason why the share price of Retail AREITs in the ASX 300 are down 2.3% over the last two years, there’s your answer. Show More
April was a month of streaks. The Prime Minister’s 30th straight loss in the polls dominated headlines, the Reserve Bank’s 89th consecutive month without a rate increase less so. But we’re now into the beginning of May and the RBA’s streak without a change in policy rate has stretched to... Show More
In the last decade, Melbourne, Sydney, Brisbane and Perth have become home to an additional 3 million people*. The rate of growth is unlikely to abate, either. Infrastructure Australia estimates population growth of 11.8 million people over the next three decades, much of it focused on Sydney and Melbourne, the... Show More
In 1957, Australia’s first shopping centre opened at Chermside in Brisbane. Featuring 24 speciality stores and a department store, a local newspaper described it as “an island of retailing in a sea of car parking"1. Now home to over 400 retailers with a footprint the size of 21 soccer pitches,... Show More
When Australians travel we like to explore the unfamiliar. We’re quick to purchase the latest gadgets and we crave international brands. In the corporate world, many professionals consider themselves global citizens, travelling abroad for work and play. Show More
‘Those who do not learn from history are condemned to repeat it’. So said Spanish-American philosopher George Santayana. Show More
At the Bank of America Merrill Lynch AREIT conference in Sydney, panels discussed how to keep the mall relevant, the strength of the Sydney commercial market, policy impacts upon the residential sector and capital flows. Meanwhile, Myer released their revised strategy, offering insights into the department store sector. The key... Show More
There are many explanations for the astronomical rise in house prices along Australia’s eastern seaboard. But most economists settle on is that we haven’t built enough homes in Sydney, Melbourne and Brisbane to support their booming populations. Show More
Moody’s awarded the A-REIT sector a 'Stable' outlook in late September, with annual average net operating income growth expected to increase from 2% to 2.5% on steady demand for office space. Yet AREITs have pulled back again over the last week as the Australian ten-year yield gained another 20bps, which... Show More
The Australian REIT sector has experienced a stellar month of April to date, up 5.3% so far, driven by strength across leading securities. Over April, Westfield Group is up 6.3%, Westfield Retail up 6.4% and General Property Trust up 6.8%. We attribute market strength to falling bond yields on the... Show More