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Ratings agency S&P said there would not be a sharp price correction in Australian housing and that real estate investment trusts should expect a slowing in the tightening of capitalisation rates despite more offshore capital investing here.
Mathew Cranston of Australian Financial Review reports that according to S&P analysts Craig Parker and Graeme Ferguson
"The major commercial real estate markets of Australia, Hong Kong and Singapore are experiencing subdued rental growth, offset by substantial capital appreciation partly because of buoyant investment flows"
Read more at the Australian Financial Review