Australian real estate stocks rise after weak labour market data lifts rate cut bets

Goodman

17/07/2025 04:07

** Australian real estate stocks .AXRE rise as much as 1.5% to their highest since July 9

** Sub-index posts biggest intraday pct gain since July 2

** Australian employment rose marginally in June, missing estimates by a wide margin, while the jobless rate hit highest level since November 2021

** Weak labour market raises chances of cash rate cut in August following a surprise hold in July

** Goodman Group GMG.AX up 1.2%, while Dexus DXS.AX trades 1.5% higher

** YTD, sub-index up 5.5%, vs 5.7% rise in ASX 200 benchmark .AXJO

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))