Unlisted property is an oasis of calm amid the bumpy listed sector
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By tim boreham
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While investors in listed real estate investment trusts (REITs) have endured a wild ride during the pandemic, their unlisted cousins have presented an oasis of calm despite the pressures weighing on the office and retail sectors.
According to research house Rainmaker Information, unlisted property has performed much more evenly than the REITs, avoiding the volatility of the listed REITs at the height of the pandemic.
Investor sentiment towards the battered office market is rebounding
Retail spending jumped 1.4 per cent in March, led by gains in Victoria and Western Australia after their COVID-19 lockdowns impacted sales in the previous month.
Marchâs rise in the Australian Bureau of Statistics preliminary retail figures for the month was stronger than the one per cent increase expected by economists and followed a 0.8 per cent fall in the previous month.
Retail turnover was 2.3 per cent higher than a year earlier.
In the month, retail spending grew by four per cent in Victoria and 5.5 per cent in WA, rebounding from their February lockdowns.
In contrast, Queensland saw a minor fall reflecting the three-day lockdown in Greater Brisbane at the end of March.
Asia PacificAustralia s COVID-19 win to help fuel economic growth this year
Vivek Mishra
4 minutes read
The Australian economy will grow this year at its fastest pace since 2007, driven by massive stimulus and as the country has largely been able to contain the transmission of the novel coronavirus unlike its rich-world peers, a Reuters poll showed.
At a time when most major economies are battling a fresh wave of coronavirus cases, Australia has largely curtailed the outbreak, counting only about 30,000 local infections and 910 deaths since the start of the pandemic. (Interactive graphic tracking global spread of coronavirus: open https://tmsnrt.rs/2FThSv7 in an external browser)
Australia s COVID-19 win to help fuel economic growth this year: Reuters poll Vivek Mishra ,
By Vivek Mishra
BENGALURU (Reuters) - The Australian economy will grow this year at its fastest pace since 2007, driven by massive stimulus and as the country has largely been able to contain the transmission of the novel coronavirus unlike its rich-world peers, a Reuters poll showed.
At a time when most major economies are battling a fresh wave of coronavirus cases, Australia has largely curtailed the outbreak, counting only about 30,000 local infections and 910 deaths since the start of the pandemic. (Interactive graphic tracking global spread of coronavirus: open https://tmsnrt.rs/2FThSv7 in an external browser)
Australia s COVID-19 win to help fuel economic growth this year: Reuters poll msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.