KordaMentha Real Estate's latest property exposures
update, released amid Australia's first recession in 29 years,
includes a summary of steps APRA has taken across the commercial
property sector to mitigate risk to the Australian financial system
posed by shocks such as the COVID-19 pandemic.
Our March quarter publication is prefaced with a short summary
of some steps APRA has taken in recent years across the commercial
real estate and property development sector to mitigate risk to the
Australian financial system. We also briefly review three of the
many variables and dynamic factors APRA maintains vigilance over,
by comparing the periods leading up to the current recession and
Australia's most recent downturn during the GFC.
