Modelling the Australian property investment universe

Higgins, D 2005, 'Modelling the Australian property investment universe', Pacific Rim Property Research Journal, vol. 11, no. 3, pp. 268-281.


Document type: Journal Article
Collection: Journal Articles

Title Modelling the Australian property investment universe
Author(s) Higgins, D
Year 2005
Journal name Pacific Rim Property Research Journal
Volume number 11
Issue number 3
Start page 268
End page 281
Total pages 14
Publisher Pacific Rim Real Estate Society
Abstract The benefits of measuring the Australian property investment universe are highly significant. The information can provide the basis for property asset allocation, be a key measure of a nation's wealth and indicate property market opportunities for institutional investors. This research examined three property universe models, each measuring a different component of the Australian property investment market at a specific point of time. Linked together with overseas comparisons, these models provided an outline of the Australian property investment universe. As at December 2003, the Australian property investment universe is estimated to be approximately $332 billion, with a core property market (office, retail and industrial) of $154 billion. However, with institutions owning $104 billion of Australian properties (PIR 2003) and applying overseas research on comparing property investment markets to invested institutional property markets, the findings tended to support the suggested Australian property investment universe figures.
Keyword(s) property market size
performance analysis
asset allocation
commercial property
ISSN 1444-5921
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Created: Mon, 06 Dec 2010, 14:11:00 EST by Catalyst Administrator
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