Core Property has reviewed the Australian Unity Diversified Property Fund, an open-ended property fund that invests in a diversified portfolio of properties and investments across Australia. The Fund is managed by Australian Unity Property Limited, which forms part of the Australian Unity Group, a mutual company with operations in healthcare, investments, retirement living and personal financial services.
The Fund offers a diversified exposure to properties which include petrol stations, shopping centres and office/industrial properties.
Distributions are paid monthly to investors, with the current distributions equating to a yield of 4.7% based on the current entry price. The Fund has a solid history of distribution payments since it was established in 2006.
The Fund also offers the potential for capital growth as a result of the expansion of two of its shopping centres in the short term, as well as the long term valuation of properties in the portfolio.
The Fund is open-ended with daily entry prices and offers a quarterly withdrawal facility.
Core Property has rated the Fund as RECOMMENDED.