This latest episode of Australian Property Journal’s Talking Property is brought to you by Real Capital Analytics (MSCI).
Our guest Benjamin Martin-Henry, Head of Real Estate Research, Pacific with Real Capital Analytics (MSCI), returns to APJ’s Talking Property, and chats to Nelson Yap about the Australian Capital Markets.
- Transaction volumes have declined.
- How are the different sectors performing.
- Alternative real estate outperformed the core sector.
- Have commercial property, particularly industrial property values peaked?
- Yields are expanding.
- Bond rates and industrial yields spread have narrowed significantly from 300 basis points to 25 bps, will we see a repricing of assets?
- Construction trends.
- Rising interest rates putting pressure on the balance sheet of REITs, stretching their LVR, will REITs continue to sell down assets?
- Rising US dollar presenting value for US investors.
- What can we expect for the remainder of 2022? How will the market finish? Q4 normally makes up between 30-40% of all transaction volumes in any given year, but so far Q4 2022 is on track to be one of the quietest period with just over $2.5 billion worth of commercial transactions reported, in contrast to a bumper Q3 2021 with over $30 billion.
