Welcome to this weeks Property News.
Reporting season for the half year results began last week with Mirvac, Centuria, Dexus, Arena, SCA and Charter Hall Long WALE kicking things off. Results were mostly positive with revaluations continuing to show positive growth from slightly sharper cap rates and rental growth. We will continue to monitor the results of the next 2 weeks and provide a more detailed review thereafter.
Transactional activity was also high this week following the $1.1bn office investment by Link REIT who acquired a 49% interest in 5 prime assets in Sydney and Melbourne with a net income yield of 4.4%.
If you have any news, information or research reports you’d like us to share with the market, please feel free to send me an email at info@propertymarkets.news or simply submit an article for us to review here.
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