Move over LPTs
New research has confirmed what the experts have been saying for some time now — that unlisted property is experiencing a surge in popularity — with the sector growing by 14 per cent in 2007.
According to Property Investment Research (PIR) associate director Dugald Higgins, the Australian retail unlisted property fund sector now has $24.7 billion worth of total assets, up from $21.6 billion last year.
However, with the sector continuing to increase in popularity, Higgins reminded investors to take a measured approach to re-evaluating their property exposure.
“Property investments for the main part should be treated as a medium to long-term hold, not as a trading class type investment,” he said.
He added that while listed property had experienced extreme volatility in recent months, its unlisted counterparts were likely to perform much more in line with underlying property fundamentals.
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