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1.Market Observations, 8.Was Sticky

11 Oct 2016 (AFR) – Commercial property risks rising but manageable for banks: Moody’s

(11 October 2016, AFR, p41, by Jonathan Shapiro)

‘Rising vacancy rates and an apartment supply glut are posing a risk to Australia’s major banks but are one they can manage, says credit rating agency Moody’s Investor Services. In a report published to clients, the rating agency said the commercial property sector was experiencing “pockets of distress” as economic growth slowed and the mining boom faded, hurting commodity dependent cities.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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