Property

The US Housing Market is Back!

Lachlan Mackay

December 2, 2019
It has been a long road to recovery, but new home sales in the US have finally returned to levels not seen since before the GFC. Recent data shows September and October have been the best two months of new home sales since 2007. October, although a slight dip from September’s high, saw a 32 per cent year-over-year jump to 733,000 units. continue…

by Lachlan Mackay Posted in Property

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Lots of good reasons for house prices to keep on rising

Roger Montgomery

November 18, 2019
Well, what do you know – national house and apartment prices are on a tear again. Although the national median house price is not back to where it was around two years ago, there’s every chance it soon will be. And that’s good news for Australia’s property investors. continue…

by Roger Montgomery Posted in Editor's Pick, Property

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Cedar Woods set to benefit from a housing rebound

Roger Montgomery

November 12, 2019
Have house prices and building activity bottomed? It sure seems that way – even if the trend is still negative. And that’s great news for businesses exposed either directly or indirectly to the construction industry. One business set to benefit is WA-based Cedar Woods Properties (ASX:CWP). continue…

by Roger Montgomery Posted in Companies, Property

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Our latest channel checks suggest a housing construction bounce

Roger Montgomery

November 8, 2019
What a difference a week makes. Only days ago we were prosecuting the argument that residential construction activity would continue to worsen. This was based on significant falls in land sales and building approvals, with building approvals being a leading indicator for construction activity, and land sales being a leading indicator for building approvals. continue…

by Roger Montgomery Posted in Editor's Pick, Property

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Three companies exposed to the housing slump

Roger Montgomery

October 28, 2019
Between 2012 and 2016, mortgage lending standards were relaxed fuelling a domestic property investing boom. Together with a surge in offshore buying interest, a property and construction boom led to oversupply and frequent warnings from your author. The oversupply is now hitting the property market at the same time that bank lending standards have been tightened, property prices are falling, quality has been found wanting and building approvals have plunged. continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Property

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WHITEPAPERS

FINDING ATTRACTIVE RETURNS IN A LOW RATE ENVIRONMENT

There is a strong case for interest rates remaining structurally lower for a protracted period of time. In our Part II Whitepaper, we consider the consequences on asset prices – in particular on equity prices. We believe the equity market offers investors attractive risk-adjusted returns on average and that equity risk is being priced differently between certain geographies and sectors. This raises the prospect of attractive opportunities ahead.
download the whitepaper
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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