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Australian retail properties expected to lose value on sagging confidence

Posted on 19 October 2011

Australian retail property values and rents are expected to fall over the coming year as slumping business sentiment and weak consumer confidence weighs on demand, a National Australia Bank Ltd. (NAB) survey showed.
Retail property values will lose 1.3 percent by September 2012, and rental returns will drop by 0.9 percent, the survey found. That compares with expectations of a 1 percent gain in office values and a flat outlook for industrial properties, according to the report……………………………………….Full Article: Source


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