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A$103.62 2.2  2.2%

Last Trade - 5:10am

Large Cap
Market Cap £7.03bn
Enterprise Value £7.12bn
Revenue £495.5m
Position in Universe 37th / 1830

BUZZ-Australian real estate stocks rise ahead of rate decision

Tue 1st October, 2019 4:33am
** Australian real estate stocks like Charter Hall Group
 CHC.AX , REA Group Ltd  REA.AX , Goodman Group  GMG.AX  and
Dexus  DXS.AX  gain as much as 1.3% to 2.1% ahead of the Reserve
Bank of Australia's (RBA) interest rate decision
    ** Shares of Charter Hall hit a three-week high, while those
of REA Group hit an over one-week high 
    ** The RBA decision is scheduled for later in the day
    ** Australia's central bank will likely cut its cash rate to
a record low of 0.75% and it will likely ease again in early
2020 to boost inflation and support a stuttering economy, a
Reuters poll showed*:nL3N26H0QO
    ** Record low interest rates helps buoy real estate stocks
that offer higher and stable dividend yields
    ** Home prices in Australia also recorded its biggest
monthly jump in 2-1/2-years in September, with the dominant
markets of Sydney and Melbourne bouncing strongly
    ** Rising home prices has helped counter the severe property
downturn in Australian markets

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