Steve Bennett on the growth phase of Australian commercial property

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25 Feb 2026

Summary:

In the latest podcast episode, Darren sits down with Steve Bennett, Direct CEO at Charter Hall, to discuss how Australia’s commercial property cycle is evolving following a significant repricing. As market conditions stabilise and fundamentals come back into focus, Steve explains how improving income returns, attractive yields and a more compelling entry point are creating a strong backdrop for long-term investors. 

Steve also highlights how constrained supply and resilient tenant demand continue to support the outlook as the market moves through 2026. 

For more information on Charter Hall: Click Here.

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Meet the speakers

Darren Connolly - CEO at InvestmentMarkets
Darren Connolly
CEO at InvestmentMarkets

Darren has substantive executive marketing experience driving strategy, planning, and successful customer outcomes across local and international investment markets. He has operated across wealth, investment, funds management, banking, broking, and payments segments.

Steve Bennett - Direct CEO, Charter Hall
Steve Bennett
Direct CEO, Charter Hall

Steve has over 25 years’ experience in funds management, banking, property, accounting and consultancy. Steve is CEO of the Direct property business within Charter Hall. In addition to overseeing approximately $9 billion of assets on behalf of self‑managed super funds, family offices, high‑net‑worth and direct investors, Steve manages a team of property and funds management professionals who are responsible for unlisted property funds across all the core real estate sectors. His day-to‑day responsibilities include overseeing asset management and tenancy services, managing the financial structure of the funds, stakeholder communications and raising equity capital. Steve is a past President of the Australian Property Funds Association and is currently the Vice-President of the Property Council of Australia’s New South Wales Divisional Council. Prior to joining Charter Hall, Steve worked for Macquarie Bank in Sydney and London. Steve holds a Bachelor of Business from the University of Technology Sydney, is a member of Chartered Accountants Australia and New Zealand, and is a Graduate of the Australian Institute of Company Directors.

Related Investments

Charter Hall Direct Convenience Retail Fund (DCRF)

An unlisted property fund providing access to a Portfolio of high-quality non-discretionary based convenience retail properties across Australia.

Wholesale Investor
Objective
Growth and Income
Category
Property
Min. Investment
$100,000
Liquidity
Illiquid
Availability
Open for investment
Funding Stage
Unlisted Early-Stage Fund
Structure
Managed Fund
View
Charter Hall Direct Long WALE Fund (LWF)

An unlisted property fund with an established and growing portfolio of predominantly long WALE properties diversified across geographies and sectors.

Retail Investor
Objective
Growth and Income
Category
Property
Min. Investment
$20,000
Liquidity
Illiquid
Availability
Open for investment
Funding Stage
Unlisted Mature Fund
Structure
Managed Fund
View
Charter Hall Direct Office Fund (DOF)

An unlisted property fund with a diversified and growing quality office property portfolio, focused on CBD and established property markets.

Retail Investor
Objective
Growth and Income
Category
Property
Min. Investment
$20,000
Liquidity
Illiquid
Availability
Open for investment
Funding Stage
Unlisted Mature Fund
Structure
Managed Fund
View
Charter Hall Direct Industrial Fund No.4 (DIF4)

An unlisted property fund with an established portfolio of quality Australian industrial and logistics properties.

Retail Investor
Objective
Growth and Income
Category
Property
Min. Investment
$20,000
Liquidity
Illiquid
Availability
Open for investment
Funding Stage
Unlisted Mature Fund
Structure
Managed Fund
View

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