Thaw begins for listed property
Australian property bond markets are starting to improve, but don’t expect a return to the buoyant days of the past any time soon.
That is the bottom line of research conducted at the Queensland University of Technology (QUT), where Dr Bwembya Chikolwa and his team from the university’s School of Urban Development in the Faculty of Built Environment and Engineering have been tracking commercial property investment and financing trends.
Chikolwa said while some large Australian real estate investment trusts had started to show more confidence in the market by issuing property bonds, times were still tough.
“Margins are still extremely high when you compare it to the boom period of say 2000 to 2006,” he said. “So on that account things are not as bright, but things are certainly starting to open up.”
AUTHOR
Mike Taylor
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