BUZZ-Aussie real estate stocks dip on reports of no tariff exemption for Australia

Reuters

Mar 12, 2025

** Australian real estate stocks .AXRE drop as much as 1.5% to 3,533.80 points to their lowest levels since July 2, 2024

** The real estate sub-index falls after local media reported that Australia will not be exempt from U.S. steel and aluminium tariffs that U.S. President Donald Trump's administration will impose, citing a White House official

** Sector major Goodman Group GMG.AX was down 1.4%, but fell as much as 2.4% earlier in the day to hit its lowest level since March 9, 2024

** Real estate firm Dexus DXS.AX logged losses as well, dropping 2.7% to hit its lowest since February 28

** The real estate sub-index is down 5.7% YTD, compared with a 4.7% YTD decline in the broader benchmark index .AXJO

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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exempt from U.S. steel and aluminium tariffs that U.S. President Donald Trump's administration will impose, citing a White House official</p><p>** Sector major Goodman Group <span>GMG.AX</span> was down 1.4%, but fell as much as 2.4% earlier in the day to hit its lowest level since March 9, 2024</p><p>** Real estate firm <a href=\"https://laohu8.com/S/DXS.AU\">Dexus</a> <span>DXS.AX</span> logged losses as well, dropping 2.7% to hit its lowest since February 28</p><p>** The real estate sub-index is down 5.7% YTD, compared with a 4.7% YTD decline in the broader benchmark index <span>.AXJO</span></p><p> (Reporting by Adwitiya Srivastava in Bengaluru)</p><p> 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to hit its lowest level since March 9, 2024** Real estate firm Dexus DXS.AX logged losses as well, dropping 2.7% to hit its lowest since February 28** The real estate sub-index is down 5.7% YTD, compared with a 4.7% YTD decline in the broader benchmark index .AXJO (Reporting by Adwitiya Srivastava in Bengaluru) ((Adwitiya.Srivastava@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}