Get ready for the reset, warns Oxford Properties

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The chief of the $90b Oxford Properties expects commercial property deals to slow as buyers and sellers adjust expectations amid rising rates and inflation.

“The marketplace is going right now through a bit of a price discovery exercise, as it finds its new footing,” Mr Turner said.

“I think it’s going to last a quarter, maybe last two, as we find our way to where inflation is levelling out and how far are central banks going to raise their interest rates.” ”If a third of your population is in rental accommodation and there really isn’t a proper, professional, dedicated rental sector, that’s decades of opportunity that the marketplace needs to deliver for society here,” Mr Turner said.

 

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