The RBA’s first move of the official cash rate happened this week
The RBA’s first move of the official cash rate happened this week – Westpac believes we are heading to 1.75% by year-end and peaking at 2.25% in 2023/24.
In real estate markets – the big story was Toronto industrial rents increasing by 30% yoy. It makes the rental growth we published in Australia look mild by comparison.
The other story that I found interesting was Kennedy Wilson acquiring three garden style multifamily (BTR) complexes in the US. While our BTR pipeline is focused high-rise for younger professionals – the product is more diverse in the US and includes low rise and increasingly Active (over 55) communities.