A key figure in Australian property investment has said that it is now is a good time to enter the market.
Mark Delaney, chief investment officer at Australia's leading superannuation fund AustralianSuper, has expressed optimism that investing in Australian property is a sound choice for people to make in the current economic climate.
AustralianSuper, which has more than $32 billion (£18 billion) under management, is seeking to increase its property lending portfolio, the Business Spectator reported.
The paper revealed that as part of its entry into commercial property lending, the firm had offered a loan of $200 million to the property debt portfolio controlled by Challenger Financial Services Group.
Mr Delaney said that the fund is optimistic about the future outlook for the Australian property sector.
He said: "We quite like property because in the current environment because property prices have come down. It's a good time to invest in property so we're not worried about property values."
Earlier this week, the Sydney Morning Herald reported that the commercial property leasing market was starting to show signs of recovery.
Posted by Craig Francis
Mark Delaney, chief investment officer at Australia's leading superannuation fund AustralianSuper, has expressed optimism that investing in Australian property is a sound choice for people to make in the current economic climate.
AustralianSuper, which has more than $32 billion (£18 billion) under management, is seeking to increase its property lending portfolio, the Business Spectator reported.
The paper revealed that as part of its entry into commercial property lending, the firm had offered a loan of $200 million to the property debt portfolio controlled by Challenger Financial Services Group.
Mr Delaney said that the fund is optimistic about the future outlook for the Australian property sector.
He said: "We quite like property because in the current environment because property prices have come down. It's a good time to invest in property so we're not worried about property values."
Earlier this week, the Sydney Morning Herald reported that the commercial property leasing market was starting to show signs of recovery.
Posted by Craig Francis
