Australia’s listed property stocks have fallen 17 per cent so far this year, with much of the sell-off taking place in May after the Reserve Bank of Australia raised the official cash rate earlier and higher than many had expected.
The May sell-off has sent the S&P/ASX A-REIT 200, the sector’s main index, tumbling faster than the general equities index which is down around 4 per cent, year-to-date.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
