Recent CBD closures won't stop the ALE flowing
Independent Financial Research
In an environment of low interest rates, not even ‘Brexit’ could dent the listed property sector. But for pub owners in Sydney, there's a structural shift taking place. The listed property sector got through the recent 'Brexit' sell-off relativley unscathed. While the ASX 200 has fallen almost 6% in the last month, the S&P/ASX 200 A-REIT Index has actually increased almost 1%. This isn’t surprising as Australian real estate dominates the balance sheets of most of Australia’s listed property sector. Also, with an average distribution yield of around 5% underpinned by strong leases, the listed property sector is an obvious target for investors keen to generate reliable income. The strength of the listed property sector suggests that there may indeed be some safety in bricks and mortar. However, the old real estate maxim of ‘location, location, location’ appears to be a big factor for at least the listed pub owners. Read full article here: (VIEW LINK)
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