Search Results for: property
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The Case For and Against Consumption Growth: Part 2
Stuart Jackson
January 16, 2018
Late last year, I discussed some of the main arguments underpinning a bearish outlook for the Australian consumer and, in turn, major bank loan book growth. But what about the counter argument? In particular, could the tightening labour market create stronger wage growth and thereby boost consumption? Continue…
by Stuart Jackson Posted in Market commentary.
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We wish you a Merry Christmas
Roger Montgomery
December 22, 2017
As we come to the close of another year, we would like to take the time to thank you and wish you all a safe and happy holiday season. Continue…
by Roger Montgomery Posted in Montgomery News and Updates.
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Is foreign money laundering boosting Aussie property prices?
Andreas Lundberg
December 22, 2017
We keep hearing government ministers and industry players say that the best way to improve housing affordability is to boost housing supply. The problem is, there are other forces contributing to soaring property prices. And one of them is foreign money laundering – something our governments seem reluctant to tackle. Continue…
by Andreas Lundberg Posted in Property.
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The Case For and Against Consumption Growth: Part 1
Stuart Jackson
December 20, 2017
For some time, we have outlined our concerns regarding the growing constraints on the Australian household sector due to various elements. In the first part of a two-part blog I will identify one argument. Will the slowing or a reversal of household wealth creation have negative implications for many companies?
by Stuart Jackson Posted in Market commentary.
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Housing trends. First nationwide reversal in prices
Andreas Lundberg
December 15, 2017
As long-time readers well know by now, we consider residential property in Australia to be very expensive and the price trends are something that we follow closely primarily for the impact that it has on other industries. Continue…
by Andreas Lundberg Posted in Property.
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Brisbane glut sees price of flats slip by $81,000
Roger Montgomery
December 14, 2017
We have been banging on about a fall in property prices for some time (see our March ’17 blog post Brisbane Apartments are Ground Zero and our November’ 16 post I am calling a short sell on Australian residential apartments). Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
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With house prices softening, can millennials afford to eat avocado again?
Scott Shuttleworth
December 13, 2017
Property prices are reported to have softened since our last ‘smashed avocado’ update. However, the price declines have not been enough to ease the burden for people trying to save for a home deposit. Thankfully, there’s good news on the horizon for those wanting to get into the property market AND eat their avocado too. Continue…
by Scott Shuttleworth Posted in Property.
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What does China and Sydney Property have in Common?
Roger Montgomery
December 9, 2017
A couple of very interesting articles in the Australian Financial Review (AFR) recently are worth bringing to your attention given that continuing extremely low levels of volatility suggests nobody is worried about anything at all. Continue…
by Roger Montgomery Posted in Property.
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Who wins when US yields go higher?
Andreas Lundberg
November 30, 2017
For the first time in 20 years, 2-year US government interest rates have gone above 2-year Australian government interest rates. This is a significant turning point, and could signal the start of a new economic phase. Australian investors will need to be mindful of the consequences. Continue…
by Andreas Lundberg Posted in Editor's Pick, Market commentary.
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TradeMe looks set for long-term revenue growth
Stuart Jackson
November 28, 2017
Lately, we are hearing many investors lament that it’s getting hard to find value in our market. Well, there are still pockets of value. And TradeMe (ASX:TME), New Zealand’s largest online auction and classifieds website, could be one of them. Continue…
by Stuart Jackson Posted in Companies, Stocks We Like.
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BUYER BEWARE – FALLING BRISBANE APARTMENT PRICES COULD BE A SIGN OF MORE PAIN
Roger Montgomery
November 23, 2017
In recent times, we’ve been accused by some readers of being too pessimistic about investing in Australian property – particularly new apartments. But collapsing apartment prices in Brisbane seem to support our view. Could this trigger price falls in Sydney and Melbourne?
Continue…by Roger Montgomery Posted in Property.
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Rebuilding after property’s fall
Roger Montgomery
November 23, 2017
In this article for Super Switzer Report, Roger discusses the construction sector. Read here.
by Roger Montgomery Posted in In the Press.
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Hold ‘em or fold ‘em? The 2 choices facing investors today
Roger Montgomery
November 20, 2017
Right now, investors are facing two options: invest in the market’s momentum, while acknowledging that low returns are likely; or step aside, given the risk of low returns and higher volatility. Of late, we’ve chosen the latter option, as we are convinced it is the rational approach. But many investors seem to disagree. Continue…
by Roger Montgomery Posted in Market commentary.
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DOWNWARD PRESSURE ON SYDNEY PROPERTY PRICES
Roger Montgomery
November 10, 2017
It’s been a long time coming, but it seems the much-anticipated end to Sydney’s housing bubble has finally arrived. And, Australia-wide, there’s a growing list of areas with owners struggling to cope with mountains of debt. The question is, how far will property prices fall?
Continue…by Roger Montgomery Posted in Editor's Pick, Property.
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Why REA Group continues to be a core Montgomery holding
Scott Shuttleworth
November 7, 2017
REA Group’s (ASX: REA) share price has soared around 50 per cent over the last 12 months, with the market confirming our strong conviction that this is a really high-quality business. And, pleasingly, there are several drivers that could propel the firm’s earnings for many years to come.
Continue…by Scott Shuttleworth Posted in Companies, Property.
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After a strong year, can investors start to relax? Actually, no
Roger Montgomery
November 6, 2017
As global share markets head inexorably north, it’s easy to start feeling more relaxed. But my friend Jonathan Rochford offers a word of caution. In a recent note, he warns that a combination of high returns and low volatility could be setting up markets for a nasty pullback. And that’s not the only thing keeping him awake at night. Continue…
by Roger Montgomery Posted in Global markets.
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Oh-oh… There goes the Brisbane property market
Roger Montgomery
October 20, 2017
We’ve been posting about the issue of apartment building in Brisbane for some time. Now, lenders like Suncorp have brought in tougher measures to crack down on high-rise apartment purchases amid growing concerns about oversupply and falling prices. Is this an isolated phenomenon? Or a signal of worse pain to come for property investors?
by Roger Montgomery Posted in Editor's Pick, Property.
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With records being smashed, should you call time on this bull market?
Roger Montgomery
October 20, 2017
Anyone with more than 10 years’ investing experience has seen this before – stocks going up with nary a hint of concern nor any willingness to fall. And look around – it’s not just stocks. A whole range of luxury goods are hitting record prices. Property, watches, wine, cars, art, jewellery. Is it time to be cautious? You bet. Continue…
by Roger Montgomery Posted in Market commentary.
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Real growth in Real estate
Roger Montgomery
October 3, 2017
As many of you know, we have long been supporters of the REA Group (ASX: REA) story with the company a longer term holding in both our domestic and global funds.
Initially we were attracted to the very high rates of return on equity and little or no debt – a function of the company’s dominant position and its ability to charge higher prices even after a decade of competitors offering the same service for free. Continue…
by Roger Montgomery Posted in Companies, Property.
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In the US, another big retailer bites the dust
Stuart Jackson
September 22, 2017
Amazon and changing consumer habits claimed another victim during the week with US ‘category killer’ Toys R Us filing for Chapter 11 bankruptcy protection. This brings the total number of US retailers that have filed for Chapter 11 to 24 this year, up from 18 in 2016, according to S&P Global Market Intelligence. And there’s still three months of the year to go. Continue…
by Stuart Jackson Posted in Companies, Consumer discretionary.
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