good value in thi share, page-9

Agreed, commercial property in the US is scary at the moment with further pressure on valuations. It is still the biggest property market in the world, so there are pockets within pockets. It's like making a general statement on commercial property in Australia...do you mean Sydney/Melbourne or Dubbo? If Sydney, do you mean the CBD, St Leonards or Blacktown? If the CBD, do you mean the Circular Quay end of town or near Central station?

The point is, quality property with decent tenants are a better place to be notwithstanding the challenges for the broader market.