Property
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BUYER BEWARE – FALLING BRISBANE APARTMENT PRICES COULD BE A SIGN OF MORE PAIN
Roger Montgomery
November 23, 2017
In recent times, we’ve been accused by some readers of being too pessimistic about investing in Australian property – particularly new apartments. But collapsing apartment prices in Brisbane seem to support our view. Could this trigger price falls in Sydney and Melbourne?
continue…by Roger Montgomery Posted in Property.
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The Crane in Brisbane Stays Mainly in the Plain
David Buckland
November 17, 2017
According to the Rider Levett Bucknall Crane Index, there are 586 cranes in operation across Australia’s three largest cities. 350 in Sydney, 151 in Melbourne and 85 in Brisbane. 80 per cent or 470 of these cranes are focused on building apartments. continue…
by David Buckland Posted in Editor's Pick, Property.
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DOWNWARD PRESSURE ON SYDNEY PROPERTY PRICES
Roger Montgomery
November 10, 2017
It’s been a long time coming, but it seems the much-anticipated end to Sydney’s housing bubble has finally arrived. And, Australia-wide, there’s a growing list of areas with owners struggling to cope with mountains of debt. The question is, how far will property prices fall?
continue…by Roger Montgomery Posted in Editor's Pick, Property.
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Why REA Group continues to be a core Montgomery holding
Scott Shuttleworth
November 7, 2017
REA Group’s (ASX: REA) share price has soared around 50 per cent over the last 12 months, with the market confirming our strong conviction that this is a really high-quality business. And, pleasingly, there are several drivers that could propel the firm’s earnings for many years to come.
continue…by Scott Shuttleworth Posted in Companies, Property.
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Oh-oh… There goes the Brisbane property market
Roger Montgomery
October 20, 2017
We’ve been posting about the issue of apartment building in Brisbane for some time. Now, lenders like Suncorp have brought in tougher measures to crack down on high-rise apartment purchases amid growing concerns about oversupply and falling prices. Is this an isolated phenomenon? Or a signal of worse pain to come for property investors?
by Roger Montgomery Posted in Editor's Pick, Property.
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Real growth in Real estate
Roger Montgomery
October 3, 2017
As many of you know, we have long been supporters of the REA Group (ASX: REA) story with the company a longer term holding in both our domestic and global funds.
Initially we were attracted to the very high rates of return on equity and little or no debt – a function of the company’s dominant position and its ability to charge higher prices even after a decade of competitors offering the same service for free. continue…
by Roger Montgomery Posted in Companies, Property.
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Prepare to lose enormous [property] wealth: UBS and Harry Triguboff
Roger Montgomery
September 13, 2017
Earlier this week, The Australian – the newspaper I write for fortnightly – updated their reporting of Australian property mogul Harry Triguboff’s view on property prices.
Separately this week, UBS reported the results of a survey of almost 1000 Australian mortgage holders who borrowed in the twelve months to August 2017. They observed; “Our 2017 survey found factually accurate mortgage applications fell to just 67 per cent. There are now ~$500 billion in ‘Liar Loans’ on the banks’ books.” A third of borrowers admitted to understating their living expenses. continue…
by Roger Montgomery Posted in Editor's Pick, Property.
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Sold! REA comes through with growth
Roger Montgomery
August 17, 2017
When REA Group (ASX:REA) announced the FY17 full year results the shares fell six percent (they’ve since recovered). REA Group reported an underlying profit for the full-year FY17 of A$228.3 million, which was up about 12 percent. Most of the growth can be attributed to growth in the more expensive ‘premium’ depth ads, and much of the growth came from higher prices. continue…
by Roger Montgomery Posted in Companies, Property.
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REA’s profits will keep growing even if property falls
Roger Montgomery
August 9, 2017
Conventional wisdom would suggest that, in a softening property market, any company exposed to property will suffer operationally. While that might be true for developers and builders, it might not be true for REA Group. continue…
by Roger Montgomery Posted in Property.
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Which is a better investment – property or shares?
Andreas Lundberg
August 2, 2017
After a previous post on negative gearing, a reader asked us what an investment property would look like from a company value analysis perspective. Good question. Here’s my attempt to answer it. You may find it useful when considering your next investment decision. continue…
by Andreas Lundberg Posted in Editor's Pick, Property.
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