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The Australian
 

Good afternoon,

Income-hungry investors are watching closely as CBA, the benchmark dividend stock, prepares to release its full-year results with the dividend set by the bank board effectively a guide to the wider market in the months ahead.

The market for top-end office skyscrapers is set to again be tested, with Japanese company Mitsubishi Estate Asia looking to sell its stake in Sydney’s tallest building, the $2bn Salesforce Tower, as global investors chase local assets.

Australia’s under-pressure construction sector is showing signs of stabilisation after rapidly increasing costs of acquiring materials and labour issues pushed many operators out due to the industry’s fixed-price contract method.

Perry Williams
Business editor
The markets


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