Australia’s property fund sector suffered more than most others during the dark days of the financial crisis. But, after a painful period of restructuring, investors are rushing back into the sector.
A number of high-profile failures, which saw more than A$11bn (£6bn, €6.5bn, $9.6bn) in property assets put into the hands of administrators, combined with high debt levels and plummeting asset values to send the sector reeling over 2007 and 2008.
