JBWere’s Auld says rates will stay high for a long time

won’t return, and those counting on rate cuts next year to underpin shares and property valuations will be disappointed, the chief investment officer of JBWere warned.

JB Were chief investment officer Sally Auld says the best that people can hope for is that interest rates don’t go up any higher, but rates will stay elevated for an extended period. Australia’s services sector inflation was proving sticky: “The best we can hope for is that rates don’t go up any more,” Ms Auld told a Property Council of Australia conference in Adelaide.

The local players are trying to assess where valuations are at in a relative sense, and whether further pain is likely.

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Unloved offices could drop 15pc in value as higher rates lingerRates are likely to remain high and that means more pain is to come for commercial property, especially the battered office sector, according to Morgan Stanley investment banker Tim Church.
Source: FinancialReview - 🏆 2. / 90 Read more »