Property Shares

[Jerry]

Thanks for the update on VHP. Still looks ok, just an annoyance. Though personally I now use retirement villages as my property play. No PIE, but better returns in growth. Obviously lots of exposure to govt policy risk.

I agree that the retirement villages are a better property investment. They are less indebted than the 'traditional' property companies. I was surprised that their shareprice responded so strongly to the correction in December, though I think that was probably more linked to Aus property news rather than the stock market.