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Australia: Green shoots begin to emerge as property sector picks up

Posted on 04 October 2010

From Smh.com.au: Australians investing in the $294 billion listed and unlisted property sector have been to hell and back in the past couple of years as property values plummeted, debt levels ballooned, returns crashed and in the case of listed property trusts share prices fell up to 80 per cent.
But as the economy rebounds, the sharemarket rallies and self-funded retirees, super funds and retail investors move out of cash, property is on the comeback trail, and analysts, consultants and many property fund managers are spreading the gospel that asset valuations have bottomed and property is once again a defensive investment class……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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