The tide may have finally turned for the country’s interest rate-battered property stocks, as borrowing costs stabilise and several rounds of hefty asset devaluations taper off, according to Barrenjoey analysts.

The analysts, led by Ben Brayshaw, have taken an altogether more sanguine view of the $155 billion sector, calling out the beginning of a new cycle which justified a “more constructive stance” towards the REIT [real estate investment trust] sector.