Here’s what ASX investors should be buying in a property downturn

UBS is telling clients to get out of ASX-listed banks and real estate stocks and ramp up exposure to mining and healthcare as Australia’s once-booming property market heads for a slowdown.

The broker says the economy faces a “three-pronged attack” from higher oil prices, rising interest rates, and now government plans announced in the budget to scale back the favourable tax treatment for residential property.

Source: https://www.afr.com/markets/equity-markets/here-s-what-asx-investors-should-be-buying-in-a-property-downturn-20260525-p6009q