JP MORGAN CHASE(US:JPM) Sou Hu Cai Jing·2025-05-08 02:17Core Insights - The Australian real estate market is becoming an attractive option for global investors amid market volatility caused by the second Trump presidency, as highlighted by Cushman & Wakefield's chief economist Kevin Thorpe [1] Group 1: Investment Trends - Global capital inflow into Asia-Pacific commercial real estate increased from 15% to 25% during Trump's first term, with total investment rising from $25 billion to $45 billion [3] - Following the "Liberation Day" on April 2, investors shifted funds from high-risk assets to safer investments, benefiting real estate as a defensive asset [3] Group 2: REIT Performance - Australian Real Estate Investment Trusts (REITs) have seen their investment weight increase for four consecutive months, with a current overweight ratio of 25%, the highest since the beginning of 2023 [5] - The favorable conditions for REIT investment are attributed to the uncertain economic environment and expectations of interest rate cuts, as REIT income is primarily derived from signed leases, making it less susceptible to economic headwinds [5] Group 3: Economic Resilience - The resilience of the Australian economy, coupled with declining inflation, is boosting market expectations for interest rate cuts, enhancing the attractiveness of the Australian market [5] - In the event of a global trade war, goods previously intended for export to the U.S. may shift to the Asia-Pacific market, further increasing Australia's market appeal [5] Group 4: Future Outlook - Amid increasing economic uncertainty, global capital is seeking investment markets that offer stability and growth potential, positioning the Australian real estate market as a potential safe haven for international capital [5]