Some serious drivel at the AFR today from BIS Oxford:
Office towers, shopping centres and industrial sheds have shown returns in Sydney and Melbourne of between 12 per cent and 18 per cent over the last five years but that range is likely to be halved in the next five years, according to BIS Oxford’s forecasts.
…”Investment is becoming harder as the tailwind from falling bond rates turns into a headwind, and as the leasing and property cycles turn,” Dr Gelber said.
