Ross Du Vernet who leads Dexus, one of the country’s biggest listed property landlords, says Tuesday’s much-anticipated rate will be well-received in a sector that has borne the brunt of high costs and falling valuations.
Even before the Reserve Bank board delivered its first cut in more than four years, signs of a turnaround were already apparent in Dexus’ first half 2025 result. It swung to a modest $10.3 million profit after factoring in lower valuation losses on its properties over the period.
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