Editor’s Pick
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Why Australian Private Credit is different
Scott Phillips
August 18, 2026
I speak with Brett Craig, Director of Private Credit at Aura Credit Holdings, about the key differences between the Australian and U.S. private credit markets, and why the risks making headlines overseas may not necessarily translate directly to Australia. We discuss how differences in borrowers, lending structures, loan duration, asset security and legal frameworks can result in very different risk profiles.
We also explore Aura Private Credit’s approach, including its focus on established businesses, asset-backed lending, shorter-duration loans and portfolio diversification. Brett explains why understanding how a manager generates returns, manages liquidity and protects against potential losses can be more important than simply comparing headline yields.
Learn more about private credit.
Alternatively, you can speak with David Buckland or Rhodri Taylor here at Montgomery on (02) 8046 5000. continue…by Scott Phillips Posted in Aura Group, Editor's Pick, Insightful Insights, Investing Education, Popular, Video Insights.
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JB Hi Fi – a difficult environment with negative like-for-like sales over recent months
David Buckland
August 18, 2026
Despite the utterings from our senior politicians when discussing Australia’s Gross Domestic Product (GDP), this figure takes neither the rate of inflation, nor our population growth into consideration.
When our real GDP per capita for the June 2026 Quarter is released on Wednesday 2 September, I am concerned we will see another negative number, delivering lower living standards for Australians, as experienced over recent years. continue…
by David Buckland Posted in Companies, Editor's Pick, Market commentary, Market Valuation.
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Record highs and the great market debate
Roger Montgomery
August 17, 2026
The S&P 500 has once again notched fresh record highs, surging more than 13 per cent year-to-date (YTD) and comfortably outpacing its historical average annual return. Driving the rally is a combination of robust earnings, apparently stabilising geopolitical friction, and the relentless build-out of artificial intelligence (AI) infrastructure. continue…
by Roger Montgomery Posted in Economics, Editor's Pick, Insightful Insights, Market commentary, Market Valuation, Technology & Telecommunications.
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Negative equity trap: Post Labor budget house price drops are wiping out buyers’ life savings
Roger Montgomery
August 14, 2026
Since Labor’s 2026 federal budget changes were handed down, Australia’s property market – particularly suburbs across Sydney and Melbourne – has experienced sharp price corrections.
While property commentators spent early 2026 tracking a largely flat, sideways trend in capital city housing (hovering around the $1.81M to $1.83M median mark in Sydney), the post-budget landscape has delivered a rude shock.
For homeowners who, for years, sacrificed and scrimped to save a 10 to 20 per cent deposit and then purchased or refinanced during 2025 or early 2026, these price falls are no longer just abstract paper losses – they represent a devastating hit to their wealth and equity. Indeed, all they’ve saved has been wiped out in a matter of months. continue…
by Roger Montgomery Posted in Economics, Editor's Pick, Investing Education, Market commentary.
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Why Aussie Broadband fits our investment approach
Gary Rollo
August 13, 2026
In this video I discuss Aussie Broadband (ASX: ABB), a growing challenger in Australia’s retail broadband market with around 15 per cent of the NBN market across its retail and wholesale services.
The company has delivered double-digit organic sales growth alongside acquisitions, while increasing scale may support further growth and operating efficiencies. Earnings are expected to grow over the next two years, supported by a cashflow-generative business and relatively low gearing.
While concerns around competition from Starlink have recently weighed on the share price, I explain why the current valuation may offer an attractive entry point if ABB continues to execute on its growth strategy. continue…
by Gary Rollo Posted in Companies, Editor's Pick, Insightful Insights, Market commentary, Market Valuation, Popular, Small Caps, Stocks We Like, Video Insights.
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WHITEPAPER
THE PROPERTY RUG PULL
Discover how proposed changes to negative gearing, Capital Gains Tax and holiday home tax rules could reshape property investing, and why investors may consider private credit as property returns become less certain and tax advantages diminish.
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What happens next at the Fed matters
Roger Montgomery
August 12, 2026
If the S&P 500 is the dog that wags the global stock markets’ collective tail, then the U.S. central bank – The Federal Reserve – is the brain controlling that dog. What happens at the Fed matters to almost every investor around the world.
And those investors have grown accustomed to dancing with a Federal Reserve that provided reams of forward guidance, as well as a dependable feedback loop. When the Fed spoke, markets adjusted, and increasingly innovative monetary policy smoothed over any volatility. continue…
by Roger Montgomery Posted in Economics, Editor's Pick, Global markets, Insightful Insights, Market commentary.
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Australia’s energy contradiction
David Buckland
August 11, 2026
The Energy Institute’s “Statistical Review of World Energy” for 2025 provides an interesting snapshot of how the world’s energy is supplied and, importantly, where Australia fits into the picture. The numbers reveal just how dependent we (and the rest of the world) are on oil, gas, and coal. But most interestingly, this report raises questions about Australia’s approach to nuclear energy, coal exports and decarbonisation. continue…
by David Buckland Posted in Editor's Pick, Energy / Resources, Insightful Insights, Market commentary.
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MEDIA
The Australian – Global markets face reckoning as triple threat fractures appear
Roger Montgomery
August 10, 2026
In my latest article for The Australian, I explore the growing risks facing global markets as cracks emerge across technology, fixed income and inflation. With artificial intelligence (AI) investment increasingly circular, government debt climbing and inflation remaining stubborn, investors may need to prepare for a more volatile and challenging market environment.
Download here: Global markets face reckoning as triple threat fractures appear continue…
by Roger Montgomery Posted in Editor's Pick, In the Press, Insightful Insights, Market commentary, Market Valuation.
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Seeing red? Look at the bigger picture
Roger Montgomery
August 5, 2026
In this week’s Video Insight, I explain why market volatility is a normal part of investing. While market pullbacks can feel unsettling, history shows they’ve often been temporary and have regularly occurred even in years that finished with strong returns. The key is staying disciplined and keeping your focus on the long term. continue…
by Roger Montgomery Posted in Economics, Editor's Pick, Insightful Insights, Intrinsic Value, Investing Education, Market commentary, Market Valuation, Video Insights.
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A bullish investor’s reminder
Roger Montgomery
July 31, 2026
Every time the stock market stumbles a percentage point or two, headlines invariably scream the same ominous question: Is the big market crash finally here?
It’s easy to sympathise with investor nervousness, despite the S&P500 being less than three per cent from all-time highs. Tensions overseas are triggering spikes in energy prices as strategic reserves are depleted, inflation persists at rates well above central bank preferences, interest rates remain unpredictable, and tech valuations and AI-related spending seem perpetually stretched.
But look beneath the surface of recent market pullbacks, and a different picture emerges.
It helps to understand the mechanics of market volatility, which isn’t about predicting the exact day a dip will happen, but rather recognising the difference between run-of-the-mill turbulence and structural damage. continue…
by Roger Montgomery Posted in Economics, Editor's Pick, Global markets, Insightful Insights, Investing Education, Market commentary, Market Valuation.
