the foreigners, that is....funny...hilarious
and then we have the bears, here, with their empty glasses
the bulls glasses are half full
......
extract only......
THE move by Colonial First State Global Asset Management to launch a $520 million wholesale property fund highlights two important dynamics in the country's $279 billion property sector. Wholesale funds are muscling in on listed property trusts and foreign investors are buying Australian property with their ears pinned back.
In Colonial's case, the wholesale fund was its first in 10 years and like just about every other deal going on in Australian property, foreign investor appetite was strong.
These two important trends came out loud and strong in the 2012 annual report by research house PIR, which found that in the $279 billion listed and unlisted property trust sector, listed property trusts, or REITs, continued to represent half of sector assets under management, equating to $139 billion. But unlisted wholesale funds rose to their highest ever proportion of the sector, roughly 29 per cent, or $82 billion.
http://article.wn.com/view/2012/07/29/REITs_go_up_against_new_muscle_h/
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buying props with their ears pinned back
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