Australand, Macquarie seen as good buys

03/2/2010 | Bloomberg Businessweek

Australand Property Group and Macquarie Office Trust are good investment possibilities, according to John Freedman, real estate analyst at UBS. They are part of a larger trend among Australia's REITs, which have largely completed property write-downs and are positioned for growth. "We've seen the bottom of asset valuations and the end of write-downs," he says. "We've seen strong results for residential, particularly those in land or affordable housing. House and land packages have been strong in terms of values."

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