Just over a year ago, the US Federal Reserve said inflation was ‘transitory’.  Six months later, it said it would not need to raise interest rates above zero. Yet, just last week at its May meeting, the Fed announced it would need to raise rates 0.50 per cent in the face of soaring and persistent inflation. Is it any wonder many people feel the Fed is out of touch, and have lost faith in its policies and prognostications? Continue…

by Roger Montgomery Posted in Market commentary.

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It never ceases to amaze me that when a sector that has enjoyed a roaring bull market starts to turn the ‘experts’ try to out-do one another in giving pessimistic forecasts.  And that is now happening with Australia’s residential property market, where the general consensus is that prices could soon drop by 15 to 25 per cent due to rising interest rates. Continue…

by David Buckland Posted in Editor's Pick, Property.

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The share price of Goodman Group (ASX: GMG) has plunged around 27 per cent since the start of the year as some investors began to price in headwinds for the commercial and industrial property business. Nick Vrondas, Group CFO, addressed these issues at the recent Macquarie Group investment conference, and explained why he is confident that growth remains on track. Continue…

by Joseph Kim Posted in Companies, Property, Stocks We Like.

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Montgomery Investment Management will now distribute the Aura High Yield SME Fund on behalf of Aura Funds Management. The fund, which will be offered to wholesale investors, is a diversified portfolio of SME loans, 36% of which are in the agricultural sector. The weighted average loan is just shy of $145,000 with an average duration of four months. Read Jamie Williamson’s article here.

by Roger Montgomery Posted in On the Internet.

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Roger joined Sky News Business Editor Ross Greenwood on Thursday to discuss markets. Markets are set to remain volatile and difficult to predict on a day-to-day basis. A lot of companies have benefitted from what we call the COVID pull-through, so there’s a lot of COVID-related demand that was brought forward.  Listen to the 5-minute interview in this video: Roger joins Ross Greenwood 5 May 2022

by Roger Montgomery Posted in TV Appearances.

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This week we saw the RBA introduce the first rate rise since November 2010, bringing the cash rate to 0.35% in response to the current inflation-driven economic environment.  Continue…

by Brett Craig Posted in Aura Group, Market commentary.

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In this week’s video insight Andreas looks at how honest people are when filling in their mortgage applications. The portion of people who say their applications contained some misrepresentation declined from last year’s level of 41 per cent but remains high at 37 per cent. All major four banks, apart from ANZ, also saw a decline in misrepresented applications.

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by Andreas Lundberg Posted in Financial Services, Video Insights.

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As we predicted last November, Australian house prices have now topped out and begun their march lower. A quick visit to any of Australia’s holiday hotspots will reveal a testament to the sudden end of the most recent boom – a plethora of properties advertised for sale at the vaguest possible price known; ‘Contact Agent’. Continue…

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

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