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  • 10 minutes

Michael Sheffield unpacks 'the return of returns'

  • 25 November 2025




As revealed in our latest Q4 Australian Real Assets Review, Australian real estate is entering a definitive cyclical upturn, backed by historical recovery patterns seen only twice in the past 35 years. This recovery has been coined 'the return of returns' by Peter Studley, Dexus's former Head of Research. 

 

In this video, Michael Sheffield, Executive General Manager of Funds Management, dissects the 'return of returns' trend, and what he's seeing play out in the market.