The inflation‐hedging characteristics of Australian commercial property: 1984‐1995
Abstract
Examines the inflation‐hedging characteristics of Australian commercial property and property trusts over 1984‐1995. Using the Building Owners and Managers Association property indices for Australian office, retail and industrial property, assesses the role of actual, expected and unexpected inflation. Strong evidence of inflation hedging is evident for Australian office, retail and industrial property. After adjusting for differences in market balance using vacancy rates, slightly less evidence of inflation hedging by Australian office property is evident.
Keywords
Citation
Newell, G. (1996), "The inflation‐hedging characteristics of Australian commercial property: 1984‐1995", Journal of Property Finance, Vol. 7 No. 1, pp. 6-20. https://doi.org/10.1108/09588689610111593
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited