• APJ’s “Talking Property” with Benjamin Martin Henry

  • Sep 27 2023
  • Length: 39 mins
  • Podcast

APJ’s “Talking Property” with Benjamin Martin Henry

  • Summary

  • APJ’s Talking Property with Benjamin Martin Henry

    OUR guest Benjamin Martin-Henry, Head of Real Estate Research, Pacific, MSCI, returns to APJ’s Talking Property, and chats to Nelson Yap about the Australian Capital Markets.

    • Transaction volumes hit the lowest level since 2011
    • Sales of industrial, office and retail assets all slumped in the first half
    • Momentum in the build-to-rent (BTR) continued to grow, the only sector to buck the trend
    • Incentive levels pushing 50%
    • Valuation and transaction yields spread have increased
    • Valuers have already called the bottom of the industrial market
    • Pricing gap expectations remains, sellers not pressured to sell and buyers want bigger discount
    • The MSCI Price Expectations Gap model – which estimates the amount sellers would need to shift their price expectations to bring transaction activity back to “normal” levels of liquidity – are around 30% for Australia's largest sectors and markets, contributing to its status as one of the worst performing markets globally.
    • REITs and institutions have shut up shop, private investors are dominating the investment market.

    This episode of Australian Property Journal’s Talking Property is brought to you by MSCI.

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