Ann: 2023 Annual Results Presentation, page-17

Their Sydney rents/cashflow is strong. There is also likely to be an uplift in some property values due to changes in planning controls.

The low aussie dollar would generally tempt overseas buyers but the NSW government has F&*%$D offshore buyers with 4% land tax surcharge. Not to mention the struggling Chinese developers out of the market.

Things can only get so bad before governments realise their mistakes.

Well super guarantee is now at 11% and the nsw public sector just got a massive pay rise. Where are all the extra super guarantee payments going to funnel into? Dexus should be able to benefit either from managing funds, selling an asset or shares being bought on market.

I remember buying Goodman in the GFC. I also bought Centro.

I think Dexus is too big to fail, so hopefully it ends up like a Goodman.

Dexus needs to bite the bullet, cancel 1 or 2 dividends and reduce debt. Yes, it will suck, but they will quickly recover and be able to keep their LVR under 30%