Search Results for: property
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We introduce the ‘smashed avocado’ index
Scott Shuttleworth
June 13, 2017
Last October, demographer and author Bernard Salt wrote that millennial hipsters should spend less on ‘smashed avocado and crumbled feta’ and more on saving for a home deposit. His comment sparked a furious cross-generational debate – the idea that millennials can’t afford to buy a home simply because they spend too much on brekky appeared ludicrous. Continue…
by Scott Shuttleworth Posted in Editor's Pick, Property.
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Borrowers hit again
Roger Montgomery
June 10, 2017
The following table reveals the financial stress on interest only mortgagors is mounting. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
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Fast facts about super
Roger Montgomery
June 8, 2017
Did you know that Australia is the fourth largest holder of pension fund assets in the world? It’s a staggering achievement, given that the idea of universal super for the whole workforce only began in 1983. Here are some fascinating facts about the current state of play. Continue…
by Roger Montgomery Posted in Insightful Insights.
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New data show slowing loan growth for the big banks
Stuart Jackson
June 5, 2017
The Reserve Bank and APRA have just released their credit statistics for April. The numbers show a slowing in loan growth rates that was consistent with the recent major bank results to March 2017. The source of slowing is primarily from weakening growth in loans to the corporate sector, while mortgage book growth remains reasonably stable at around 7% year on year. Continue…
by Stuart Jackson Posted in Financial Services.
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We banked on it
Roger Montgomery
June 5, 2017
Back in January this year, The Montgomery Global Fund’s Portfolio Manager, and CIO for Montaka Global Fund, Andy Macken wrote a blog here warning investors about the quality of Bendigo and Adelaide Bank’s (ASX:BEN) earnings. Continue…
by Roger Montgomery Posted in Editor's Pick, Financial Services, Global markets, Insightful Insights, Investing Education.
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In short, value is difficult to find
Roger Montgomery
June 5, 2017
Asset prices across all investment classes are at record highs, including and perhaps especially assets that produce no income. Continue…
by Roger Montgomery Posted in Market commentary.
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Is it time to head for the exits?
Tim Kelley
June 2, 2017
Altair Asset Management made headlines this week with its decision to liquidate its portfolios, reasoning that it intends to avoid a market crash. Altair’s bold move came in the midst of a growing media focus on the extent of overvaluation – and potential risk – in asset markets, including equities, property and collectibles. Continue…
by Tim Kelley Posted in Market commentary.
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Is a tsunami about to hit Aussie retailers?
Andreas Lundberg
May 31, 2017
In April, Amazon sent a wave of fear through retailers when it confirmed its intention to launch in Australia. Leading retailer, Gerry Harvey, described Amazon as the “Attila the Hun” of the retail world. To be sure, Amazon’s arrival will pose a massive threat. But there are other challenges on the horizon for retailers – and investors. Continue…
by Andreas Lundberg Posted in Consumer discretionary.
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Current challenges for investors
Roger Montgomery
May 30, 2017
In this week’s video insight Roger discusses the current challenges for investors, particularly those focused on quality and opportunities for growth. This being due to reasons such as the expected downturn in the property market, inevitable downturn in construction activity and record levels of debt.
by Roger Montgomery Posted in Editor's Pick, Video Insights.
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Chinese investment in Australian property takes a dive
Roger Montgomery
May 30, 2017
For some time, property advocates have been arguing that Australian residential real estate prices will remain buoyed by the steady stream of Chinese immigrants buying property at any price. Now, it seems, that stream is turning to a trickle as the impact of tighter credit starts to bite. Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
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Challenging Value
Roger Montgomery
May 29, 2017
In an equity market generally bereft of broad value and with non-income producing assets such as two-digit licence plates and Basquiat paintings hitting all-time records, it is well to discuss those businesses hitting the ball out of the park in terms of their business performance. Continue…
by Roger Montgomery Posted in Companies.
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Something to crow about
Roger Montgomery
May 26, 2017
Topping a list of 475 fund managers has got to be worth mentioning, so forgive us for the plug. Out of the 475 global funds offered in Australia and classified by data and analytics provider Financial Express as global equity funds, The Montgomery Global Fund was placed 4th in performance terms over the last year (ending 30/4/17). Continue…
by Roger Montgomery Posted in Montgomery News and Updates.
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3 REITs to watch out for
Roger Montgomery
May 24, 2017
A REIT, or Real Estate Investment Trust, is an entity that owns income-producing real estate. Think of a managed fund that concentrates on property rather than stocks and you have the idea for a REIT. REITs offer investors a partial interest in the rental income, capital appreciation and/or development profits of a variety of property classes from residential to industrial.
Continue…by Roger Montgomery Posted in Investing Education.
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Suddenly, cash has rarity value
Roger Montgomery
May 11, 2017
When should you hold more cash? The simple answer is: when fewer people are holding it. Because that’s when it’s most valuable. And, right now, after the stampede to other asset classes, cash is more valuable than it has been for some time. Continue…
by Roger Montgomery Posted in Market commentary.
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Why residential real estate is a poor investment right now
Roger Montgomery
May 2, 2017
Have you ever wondered why Australia has no listed residential REITs (real estate investment trusts)? The simple answer is that they would offer poor returns. And, these days, the returns would be worse than ever. But the good news for would-be buyers is that the property price bubble could be about to end. Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
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Is it time to hold more cash?
Roger Montgomery
May 1, 2017
Warren Buffett once wrote that “cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future.” We agree. And with most investors having migrated away from cash, we see some good reasons why holding more looks like a good idea right now.
Continue…by Roger Montgomery Posted in Editor's Pick, Market commentary.
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Cash crunch is coming for property investors
Roger Montgomery
April 30, 2017
In this article published in The Australian, Roger discusses liquidity and the residential construction boom. Read here.
by Roger Montgomery Posted in In the Press.
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Investors in index funds should be very cautious
Roger Montgomery
April 27, 2017
In December 2014, I wrote an article for The Australian titled ‘Beware the lure of the ‘cheap’ index fund: it’s full of junk’. Today, I’d like to repeat that warning. Investors who think ETFs give them safety through diversification are no more protected than those who invested in mortgage backed collateralized debt obligations (CDOs) before the GFC. Continue…
by Roger Montgomery Posted in Investing Education.
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Do our pollies have a vested interest in keeping the property bubble inflating?
Andreas Lundberg
April 21, 2017
In the last month or so, we’ve seen a big surge in news articles and commentary about Sydney and Melbourne’s housing bubbles. But to the consternation of many people, there has been a reluctance by our politicians to introduce meaningful reforms. Could the reason be that they are among the nation’s most aggressive property investors? Continue…
by Andreas Lundberg Posted in Property.
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ABC Nightlife radio featuring David Buckland
David Buckland
April 19, 2017
Australia is often described as ‘The Lucky Country’ – we have natural resources, good weather and distance from problems elsewhere in the world. Financially we were relatively untouched by the global financial crises – it might seem we are in good stead but you never know what the future holds. David Buckland joined Philip Clark on ABC Nightlife and here is a summary of some of his points: Continue…
by David Buckland Posted in Market commentary.
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