http://www.theaustralian.news.com.au/business/story/0,28124,26067...

http://www.theaustralian.news.com.au/business/story/0,28124,26067947-36418,00.html

the last bit from the above article in the australian:

A lot of money is flowing back into the sector from institutions which pulled out of the market early this year," Sydney fund manager Simon Marais said.

Unlike his peers, Mr Marais, who runs Orbis Investment Management, has been a consistent buyer of the property trusts in the past year and has made significant profits from trading his holdings.

"The sector was incredibly cheap at one time, but not anymore," he said.

gltah

Shaw Stockbroking's head of industrial research Scott Marshall agreed that many institutions that had deserted the sector were back because the income yields were better than general equities.

Mr Marshall said the trusts continued to trade at discounts to their net tangible assets and there was an expectation they would trade up to asset value over the next six to eight months.

Investment banks generally agreed that hedge funds and general equities funds had begun to invest in the sector, at a time when specialist property investors remained cautious.