APJ’s “Talking Property” with Benjamin Martin Henry Australian Property Journal - ‘Talking Property‘

APJ’s Talking Property with Benjamin Martin Henry
OUR guest Benjamin Martin-Henry, Head of Real Estate Research, Pacific, MSCI, returns to APJ’s Talking Property, and chats to Nelson Yap about the Australian Capital Markets.
Transaction volumes hit the lowest level since 2011
Sales of industrial, office and retail assets all slumped in the first half
Momentum in the build-to-rent (BTR) continued to grow, the only sector to buck the trend
Incentive levels pushing 50%
Valuation and transaction yields spread have increased
Valuers have already called the bottom of the industrial market
Pricing gap expectations remains, sellers not pressured to sell and buyers want bigger discount
The MSCI Price Expectations Gap model – which estimates the amount sellers would need to shift their price expectations to bring transaction activity back to “normal” levels of liquidity – are around 30% for Australia's largest sectors and markets, contributing to its status as one of the worst performing markets globally.
REITs and institutions have shut up shop, private investors are dominating the investment market.
This episode of Australian Property Journal’s Talking Property is brought to you by MSCI.