NewsBite

Property stocks down 20pc for year as interest rates, inflation bite

Martin Kelly

An already bad year for ASX-listed real estate stocks took a turn for the worse on Tuesday following the Reserve Bank of Australia’s bigger than expected 50 basis point interest rate rise, which prompted a sell-off across the sector.

HomeCo boss David Di Pilla. Flavio Brancaleone

Loading...
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

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/commercial/property-stocks-down-20pc-for-year-as-interest-rates-inflation-bite-20220607-p5arrd