Australian real estate stocks climb on easing by major central banks

Goodman

22/01/2025 04:21

** Real estate firms  .AXRE  rise 1.1% to hit their highest
since Dec. 10, 2024
    ** Bell Potter says sector has progressed in terms of
handling headwinds, with policy easing by major central banks
and elevated Risk-Free Rates being supportive
    ** Points out three advantages for real estate trusts: low
valuation levels, low borrowing costs and active mergers and
acquisitions across sector
    ** Goodman Group  GMG.AX , Australia's listed top property
developer by market value, leaps as much as 2.6% to A$38.840 - a
1-1/2-month high
    ** Dexus  DXS.AX  and Lifestyle Communities  LIC.AX  up 4%
each
    ** Sub-index rose as much as 1.5% earlier in the day,
highest gain since Dec. 5, 2024
    ** AXRE gained 12.4% last year, outperforming ASX 200
index's  .AXJO  7.5% gain

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))