一份最新房产报告披露了维州房屋销量跌幅最大的10个区，为押错宝的购房者敲响 了警钟。 根据Hotspotting最新报告《2025年冬季价格预测指数》，包括Glen Waverley、 Doncaster和Geelong West 在内的多个昔日热门区，其住宅或公寓销量在短短12个 月内腰斩，成为该州表现最差、甚至全澳最弱 的市场之一。 （图片来源：RealEstate） 该报告追踪了数千个区的季度销量数据，以识别市场动向。而在这10个邮编区，市 场动能已完全停 滞。 Glen Waverley的公寓季度销量从84套降至40套；Broadmeadows的房屋销量从52套 跌至26套；区域热门 地Geelong West上季度仅售出18套住宅，不足去年同期销量的 一半。 Hotspotting创始人Terry Ryder表示，这种下跌并非统计偏差，而是更深层问题的 征兆。 "我们发现一些关键的中环和边缘区需求明显下降。当下可负担性是王道， 购房者正远离缺乏性价比的 区域。" "这不是复杂的科学：供应过多、买家不足、负担能力差，这是危险的组合。" 就连 Thornhill Park和Trafalgar等边缘家庭聚 ...

Core Insights - The article highlights the disconnect between the strong operational performance of shopping center REITs and their market pricing, suggesting potential investment opportunities in the sector [1][5][9] Performance Metrics - Shopping center REITs reported high occupancy rates, rising rents, and same-store NOI growth of 3% to 6% over the past six quarters, yet their market performance has been poor [2][5] - As of June 6, 2025, equity REITs had a YTD return of approximately 1.0%, while shopping center REITs significantly lagged behind [5][6] Valuation Comparisons - Shopping center REITs trade at an average AFFO multiple of 16.1x, which is lower than other sectors like Multifamily (17.4x), Manufactured Housing (20.8x), and Industrial (18.0x), indicating potential mispricing [8][9] - The average trading price of shopping center REITs is 81.3% of their consensus Net Asset Value (NAV), compared to 80.8% for Multifamily, 87.8% for Manufactured Housing, and 83.9% for Industrial [9][10] Upside Potential - On average, shopping center REITs are trading at prices that suggest a 20% upside to their 52-week highs, indicating potential for capital appreciation if economic conditions improve [12][13] - Specific companies like Acadia Realty Trust and Brixmor Property Group have notable upside potentials of 34.48% and 19.85% to their 52-week highs, respectively [13] Market Sentiment - Despite high interest rates and poor market performance, companies like Kimco Realty have been actively buying back shares, reflecting confidence in their investment value [14][15]

June 6, 2025 12:19 AM GMT REITs | North America NAREIT Recap: Not Quite Duty Free But Better We highlight key stock and sector takeaways across +38 meetings Key Takeaways Apartments: Fundamental tailwinds for apartment REITs continued to shine through at NAREIT: 1) deliveries are declining and the lack of recent starts supports the thesis that supply will remain materially lower for the next 2-3+ years; and 2) we see solid job growth combined with greater relative affordability, driven by low levels of for- ...

This article will present a simple logical chain portending a significant rise in the value of shopping centers. Vacancy among existing space is minimal Incremental demand remains steadily positive Incremental demand will need to find new space Construction cost of new retail is around $300-$500 per foot Current NOI per square foot does not support $300-$500 cost to build Therefore, NOI must rise until such a point that it supports construction. At that point, new construction will serve incremental deman ...