News & Insights

Australian listed property was buffeted in FY25 by rate expectations. Bond yields rose above 4.5% early in the year, pressuring valuations; then the RBA began easing, bringing the cash rate to 3.60% and tempering valuations as cap‑rate expansion had largely run its course. Ultimately, FY25 was a good year for the CH Listed Property Strategy returning 12.0%, and in this article we turn our attention to the outlook for FY26.