Time to Buy Australian Offices After 26% Tumble, AMP CIO Says.

AMP Ltd. suggests that Australian office valuations may have hit their lowest point after a 26% decline. Chief Investment Officer Anna Shelley believes that prices in the struggling sector are close to stabilizing, with a similar drop to the global financial crisis. Despite significant write-downs by major pension funds, AMP, along with other funds like Australian Retirement Trust and HESTA, are now exploring opportunities in the office market both domestically and internationally. [Extracted from the article]