What’s at stake: Commercial realtor CBRE had hoped the central bank would take its foot off the interest rate accelerator as early as August, sparking a downward cycle in rates, and potentially helping cap rates. That's moved out to Q2 of next year, before any kind of reprieve for an investment class which has cut returns and is opting to hive off assets to survive.
Background: The property market as a whole has been feeling the strain of a high interest rate environment, sparked by runaway inflation levels. Cap rates are an important measure for investors and property buyers in determining value and rental, and often get their first cue from bond rates.
Main players: CBRE, Zoltan Moricz, Syndex, Ross Verry, PMG Funds, Fortland Capital, Oyster Property Group, FMA, Reserve Bank.
Real estate group CBRE has pushed out timing for an interest rate cut to the second quarter of next year, from its original stance of a reprieve as early as August.
That's on the back of stubborn inflationary pressures that has seen the Reserve Bank signal it will stick to the current cycle until it
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What’s at stake: Commercial realtor CBRE had hoped the central bank would take its foot off the interest rate accelerator as early as August, sparking a downward cycle in rates, and potentially helping cap rates. That's moved out to Q2 of next year, before any kind of reprieve for an investment class which has cut returns and is opting to hive off assets to survive.
Background: The property market as a whole has been feeling the strain of a high interest rate environment, sparked by runaway inflation levels. Cap rates are an important measure for investors and property buyers in determining value and rental, and often get their first cue from bond rates.
Main players: CBRE, Zoltan Moricz, Syndex, Ross Verry, PMG Funds, Fortland Capital, Oyster Property Group, FMA, Reserve Bank.
