Real assets are showing signs of resilience and recovery, according to the Australian Real Asset Review Q3 2025. In this video Peter Studley, Head of Research, highlights that after two years of rate-driven volatility, returns are rebounding across all sectors. Unlisted wholesale property funds posted their strongest performance in two years, with retail and industrial leading the way. Office markets are recovering, infrastructure deal activity is rising, and healthcare assets are attracting renewed investor interest. 

This quarter, we also spotlighted the retail sector. Kirrily Lord, Executive General Manager of Retail, shared how Retail is emerging as a standout performer. Stabilising vacancy rates and strong tenant demand are driving rental growth and income consistency. Retail volumes rose 3.0% in the year to Q3 2025, defying broader market trends. With improving consumer confidence, demographic tailwinds, and anticipated rate cuts, the sector is well-positioned for capital gains and positive total returns.

Read the full report here.