If you ever needed proof that the wheels are turning for Australia’s commercial property market once again, look no further than the latest annualised earnings for the MSCI All Property Index – it’s just had its first positive print since June 2023.

With retail income returns at an eight-year high and office funds also on the up, we have finally turned the corner after a period we’ll politely describe as “challenging”. And as the asset class enjoys somewhat of a renaissance, investors are weighing the specific advantages of real estate equity.