Australian property stocks are proving largely immune to the worst housing slump in a generation, rallying to the highest in almost three years.
Diversified revenue streams, the demand for offices in a growing economy and low bond yields have propelled the S&P/ASX 200 A-REIT Index up 13 percent this year, compared with the nation’s benchmark index, which has climbed 9.2 percent. Fifteen of the 18 stocks on the gauge are in the green, with Charter Hall Group and Goodman Group leading the rally.
