Property

Further to our recent warnings about the risks to residential property prices, additional insight has been provided by the release of March quarter results from Genworth (ASX: GMA). Genworth is the largest (dominant) provider of mortgage insurance in Australia.

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by Stuart Jackson Posted in Financial Services, Property.

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For over a year we have been warning that the property market in Australia might experience a set back.  To summarise, the following steps sets out the thesis: continue…

by Roger Montgomery Posted in Insightful Insights, Property.

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Sydney property was a star performer in 2015 and a lucrative earner for many real estate agents. But 2016 has turned into a horror year for McGrath Estate Agents. A recent downgrade in its profit forecast for the year saw its shares plunge just four months after listing.

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by Roger Montgomery Posted in Insightful Insights, Property.

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McGrath Estate Agents (ASX: MEA) share price fell over 30 per cent on the back of an announcement that its profits will fall short of the prospectus forecasts in FY16.

The company blamed an “unforeseen low volume of listings and sales” that started to emerge in the latter part of March. Prior to this, the company was performing slightly ahead of the prospectus forecasts. continue…

by Stuart Jackson Posted in Insightful Insights, Property.

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That property prices can slide without an increase in interest rates or unemployment is being missed by many commentators. continue…

by Roger Montgomery Posted in Insightful Insights, Property.

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We have all been reading and listening to the debate about Australian property prices and whether they are going to crash. It’s hard to ignore when august journals like The Sydney Morning Herald report, continue…

by Roger Montgomery Posted in Insightful Insights, Property.

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Will Rogers infamously suggested real estate was the best investment in the world because no more was being made.  He obviously wasn’t considering how many apartments could be constructed on a postage stamp of land nor do I expect he had Singapore in mind; In the two photos following you can see that Raffles Hotel on Beach Road in Singapore is one block back from the beach.  Between it and the coast sits the Britannia Club building.  In the second image Raffles is partly obscured by the roof of a high rise building in the foreground but the Britannia Club now has a green painted roof in the section of land marked for sale. continue…

by Roger Montgomery Posted in Insightful Insights, Property.

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Australia has a love affair with property the likes of which the rest of the world may not fully appreciate. The 18^th top-ranked site in Australia is realestate.com.au, pipped only by sites operated by global powerhouses such as Google, Twitter, Ebay and Facebook. continue…

by Roger Montgomery Posted in Companies, Insightful Insights, Property.

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REA Group (ASX: REA) has just released their first half results for the 2016 financial year.

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by Roger Montgomery Posted in Insightful Insights, Property.

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Yesterday we attended Citi Group’s ‘Fireside discussion’ with Tracey Fellows, CEO of REA Group Limited (ASX: REA).

Below we share a few noteworthy points from the conversation. continue…

by Scott Shuttleworth Posted in Companies, Property.

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