The rising cost of debt will bring an end to the industrial property sales price boom, with sector investment returns set to soften sooner than anticipated due to surging bond yields, BIS Oxford Economics predicts.
Principal property economist Lee Walker said bond yields were well above 3 per cent and expected to stay elevated over the next two years, making finance more expensive.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
