Australian/NZ Property Shares Top Sector

Tuesday 17 August 2004

Australian and New Zealand property firms provided the highest total investment return in July from a global index of listed real estate companies, according to a report. The benchmark index from Amsterdam-based Global Property Research (GPR), is based on returns from both capital gains and dividends for the top 250 most liquid property companies worldwide. GPR said returns for its Oceania index, which includes Australia and New Zealand, were 2.3 percent in July with most of this performance coming from Australian property stocks. The researchers said the recent stream of property trust mergers in Australia had boosted property stock values. The rash of mergers began with Westfield's decision earlier this year to merge three of its property trusts. Now the giant Lend Lease Corporation has made an offer for General Property Trust, Centro Properties has agreed to acquire Prime Retail Group, Macquarie Office Trust and Principal America Office Trust have agreed to merge and Deutsche is merging three of its trusts.

By The Landlord

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.


LVR loosening likely - ANZ

LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.

Site by PHP Developer