Goodman Foundations Are Strong But Share Price Looks a Bit Rich. FVE Unchanged at AUD 8.90

Industrial property has been the standout performer among the major property classes over the past couple of years. A major reason is the weight of money following the evolution in the retail sector. Wholesale investors are seeing industrial as a good way to benefit from the shift in consumer spending from brick-and-mortar stores to online shopping. Industrial property values have been boosted by raised rental growth expectations as e-commerce tenants are willing to pay premium rents to operate from sites that deliver strategic supply chain benefits. Values have also benefited from the search for yield.