Australia's real estate stocks rise on RBA rate cut hopes

Goodman

04/07/2025 02:41

** Rate-sensitive real estate stocks .AXRE rise as much as 1% to their highest since June 11

** Reserve Bank of Australia (RBA) expected to cut interest rates on Tuesday, Reuters poll of economists shows

** Property developer Scentre Group SCG.AX up 0.8%; Goodman Group GMG.AX rises as much as 1.8% to its highest since February 18 on $2.7 billion HK Data Centre Partnership

** AXRE gains 6% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))