Australia’s biggest local property fund manager, Charter Hall, is expecting a post-budget boost to its business as investors switch to commercial real estate in response to an anticipated fall in returns from housing due to Labor’s tax changes.
Chief executive David Harrison delivered an upbeat assessment on what Labor’s budget will mean for the ASX-listed commercial property funds giant as he issued an earnings upgrade for a 26.5 per cent lift in operating earnings over the 2026 financial year.
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