26.07.2012 - Australia: Market for unlisted property sector softens as returns fall
The sluggish performance of the property market has been reflected in falling returns for unlisted retail property funds. The after-fees return for unlisted funds, whose investors are mostly mums and dads, was 7.5 per cent across the property sectors for the year to June 30, down from 8.2 per cent the previous financial year, according to the Property Council/IPD index for unlisted retail property funds. Income distributions accounted for 8 per cent while capital growth fell 0.5 per cent...............................................Full Article: Source
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