🟢 Australian Property Securities ETF (VAP.AX) is trading 3.19% up amid a broad REIT rebound

VAP.AX is trading at A$89.87, up 3.19%, amid a broad Australian REIT rebound.

• The industry gained 6.7% over the prior week; moderating bond yields have also supported property shares.
• The RBA raised its cash rate to 4.85%; its split decision and bond-market response eased some rate concerns. Australian five-year yields fell on November 4.
• Higher rates and housing weakness remain headwinds, suggesting sector-wide relief rather than a shift in property fundamentals.