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Australia commercial property confidence plunges to 30-month low

Posted on 09 November 2012

Australian investors’ confidence in commercial property slumped to the lowest in 30 months as business confidence soured, a National Australia Bank Ltd. survey showed.
The NAB Commercial Property Index dropped to minus 19, the lowest since the bank started the measure in March 2010. Retail properties fared the worst, with values falling 1.6 percent in the quarter, followed by offices, where values dropped 0.6 percent, the bank said……………………………………….Full Article: Source

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