Property
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Australian housing is at an inflection point
Roger Montgomery
September 20, 2019
Despite recent data showing home prices have stopped falling and auction clearance rates are strong, I believe these positive signs are no match for the negative shocks that could soon hit the residential construction sector. The upside is that the any stock market volatility could serve up some tasty investment opportunities among residential building developers and their suppliers. continue…
by Roger Montgomery Posted in Editor's Pick, Property
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The government is trying to keep apartment buyers in the dark
Andreas Lundberg
September 19, 2019
Not only has the NSW Government made decisions that have led to the construction of many defective apartment buildings, it has now warned councils to not make the list of affected buildings public. You have to ask yourself: is hiding valuable information from would-be buyers a good way to govern? continue…
by Andreas Lundberg Posted in Property
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Mortgage credit growth bounces back
Stuart Jackson
September 18, 2019
Last month, REA Group chief executive Owen Wilson claimed that “the buyers are definitely back”. And recent data seem to back him up. House prices are rebounding, auction clearance rates are up, and mortgage credit growth has turned a corner. continue…
by Stuart Jackson Posted in Companies, Property
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Aussie property bulls are back!
Andrew Macken
August 12, 2019
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? continue…
by Andrew Macken Posted in Property
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Keep an eye on firms exposed to residential building
Roger Montgomery
August 6, 2019
With the market on a tear, bargains are hard to come by. But patient investors might soon find some joy in businesses exposed to the residential construction sector – potentially firms like Bingo and Nick Scali – whose share prices could come off as construction activity softens. continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Property
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Shoddy building practices are a ticking time bomb that won’t go away
David Buckland
July 29, 2019
Australia’s recent residential building boom saw the rapid erection of hundreds of high-rise apartment blocks, and, for a while, everyone seemed to be making money. But now the cost of poor building standards is coming back to bite many players in the industry. continue…
by David Buckland Posted in Editor's Pick, Property
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Is there more weakness ahead for discretionary retailers?
Roger Montgomery
July 2, 2019
Since we alerted investors some two years ago that an oversupply of property would ultimately result in a collapse of activity in residential construction, additional nails have been hammered into the fortunes for companies exposed to housing and retailing. continue…
by Roger Montgomery Posted in Consumer discretionary, Property
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How a slowing listings environment impacts Domain and REA Group
Joseph Kim
May 13, 2019
The topic of the property market is a favourite obsession for many Australians given the significant percentage of household wealth the asset class represents for most Australians. There is plenty of media and other commentary discussing property market conditions on any given day – including from other contributors to the blog – so I won’t delve into where I think prices will go in the future. However, a slowing property market does have implications for listing volumes. continue…
by Joseph Kim Posted in Companies, Editor's Pick, Property
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It’s Official: Residential Construction is Crashing before our Eyes
Roger Montgomery
May 9, 2019
We’ve known for some time that the sharp decline in building approvals would lead to an equally sharp decline in construction activity. It has been our view that because building approvals have already fallen from 280,000 dwellings to 170,000 dwellings, a consequent decline in building activity would start to be seen about now. continue…
by Roger Montgomery Posted in Editor's Pick, Property
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Keeping Tabs on Property
Roger Montgomery
March 13, 2019
Home loan declines accelerated in January, falling 2.1 per cent in the month and 20.6 per cent compared to January 2018. This is the worst year-on-year fall since the GFC and loans are now down almost 25 per cent from their peak. How does this impact the mortgage system growth for the banks? continue…
by Roger Montgomery Posted in Property
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