From Theage.com.au: Australia has the worst-performing listed real estate investment trusts in the world, according to a global study. Of 16 countries with mature real estate investment trust (REIT) markets, Australia has delivered the worst returns to investors in the past year — with an average loss of 48.71%.
That compares with an average loss of 21% globally. Australian REITs also had the worst performance over three years, delivering a loss of 6.55%. …. Full Article: Source