REITs in major sell-off
A falling Australian dollar, rising interest rates and debate about whether tighter lending restrictions are necessary have helped the Australian real estate trusts chalk up their worst month in more than three years.
A falling Australian dollar, rising interest rates and debate about whether tighter lending restrictions are necessary contributed to the real estate trusts recording their worst month in more than three years.
The A-REIT sector, always sensitive to interest rate moves, fell more than 5 per cent in September – the worst performance since July 2011.
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