Interest costs up, valuations and distributions down, and potential buyers of assets are skittish. Welcome to Australia’s commercial property sector in 2023.
Heavyweight GPT Group has given a pretty good indication of what to expect from Australia’s real estate investment trusts, as all the big players prepare to unveil their results over the coming 10 days.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
