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Aussie property bulls are back!

12082019_Property bulls

Aussie property bulls are back!

A new wave of activity in Australian property markets suggests the recent downturn may be over. But, as a nation, is a booming property market, and surging property prices, what we really need?

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Andrew Macken is the Chief Investment Officer of the Montaka funds and the Montgomery Global funds. He established MGIM in 2015 in partnership with Montgomery.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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3 Comments

  1. One factor that may effect prices near term is the consequence of what is reported as systemic poor building practices nationwide, evacuation of apartment blocks, with concerns of collapse. Far too risky to buy an ‘aussie’ built apartment for some, as you could be left facing a large repair bill, unable to borrow more, and having to declare bankruptcy, and an empty apartment no-one wants.

    • Yep, I would not like to take out a loan at 0% interest for an apartment if I can’t get a reliable tenet to rent, I have to pay for upkeep including 100’s and thousands of dollars in repairs which keep accumulating, no one wants to buy the place because its value is falling.

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