| From Moneymanagement.com.au: Big research house Standard & Poor’s has said Australia’s property securities managers face another challenging year. In its latest annual review of the sector, S&P said volatile market conditions and weaker economic conditions will “hamper valuations on the nation’s listed property stocks”.
The Australian real estate investment trust (A-REIT) sector saw a severe listed market correction over the past year, with the median-rated property securities fund manager unable to outperform the benchmark. S&P said the ongoing effects of the credit crisis have been driving the property securities markets rather than property fundamentals, “which have – until recently – been sound”..... Full Article: Source
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