Does property still yield?

Falling interest rates make A-REIT yields look more attractive, but caution is needed.By David Rees, Jones Lang LaSalleSharemarkets, and financial markets in general, have two reasonably reliable characteristics. First, financial markets habitually over-state the case. Whether on the upside or downside, they veer from irrational exuberance to excessive pessimism. It is this characteristic that encourages traders and speculators to bet against market valuations – sometimes, but not always, with rewarding results.Second, and this is an important qualification, financial markets are reasonably successful at predicting major turning points and trends in the underlying companies and in the economic cycle. The Australian sharemarket... sign in to read more!

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Does property still yield?

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