US-based Joseph Smith, who oversees $US12 billion in property stocks through CBRE Investment Management, is quietly confident listed real estate will bounce back into positive territory next year as the cycle of rising interest rates finally levels out.
The Australian REIT sector is down about 20 per cent for the year so far, one of its worst yet. It’s no surprise to Mr Smith, given that capital-intensive sectors such as real estate are highly sensitive to rate changes.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
Yeah right, next year.