Hot market drives Dexus property values, rental growth and upgraded guidance

Dexus is Australia's biggest office landlord and has just done a $500 million buyback with a $997 million profit, decreasing debt. Their strategy is to target prime office developments and under-rented buildings.

An increased guidance for distribution per security growth has increased to 4.5-5 per cent in the 2018 financial year with revaluation gains on investment properties reaching $730.2 million.

Majority of the rise in valuation was because of capitalisation rate tightening in Sydney and Melbourne, and the rest from an increase in market rent.

Image source: Pat Scala

Article source: http://www.afr.com/real-estate/hot-market-drives-dexus-property-values-rental-growth-and-upgraded-guidance-20180213-h0w12l


Ray White’s top 10 listings for February: (Click on address to view listing)

Terrace 40, 42 Young Street Sydney

Suite 28.02, 1 Farrer Place GPT Sydney

Suite 9.03, 46 Market Street Sydney

Level 10, 387 George Street Sydney

Level 6, 23 O'Connell Street Sydney

Level 2, 1 Barrack Street Sydney

Part floor 23, 9 Castlereagh Street Sydney

Suite 2.01, 24 Hickson Road Sydney

Part Level 3, 22 Market Street Sydney

Level 4, 86 Liverpool Street Sydney