Listed Property Sector

Listed Property Sector Predicted to Decline


"I think there is a 20-30 per cent chance of a correction in asset value. This is my opinion, not the consensus of the market.'' Goldman Sachs Asset Management head of property Tim Hannon warned yesterday that the market had not yet factored in a possible drop in asset value in the second half of the year. Australia's Listed Property Sector has been down 30 percent since December and may fall further in the coming months.

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