Search Results for: property
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ABC Nightlife
Roger Montgomery
February 9, 2017
In this radio program with Philip Clark, Roger asks whether shares or property are a good place to put your money in 2017. They also had a look around the world at international markets and the implications for the Australian share market. (50 min) Listen here.
by Roger Montgomery Posted in Radio.
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How ‘hot’ Chinese money is fuelling our property bubble
Roger Montgomery
February 8, 2017
Lately, we’ve seen an increasing number of media articles about how Chinese ‘investors’ are snapping up our real estate assets – and, in so doing, pushing prices beyond the reach of many Australians. How do they do it? Here’s the answer, direct from the South China Morning Post… Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
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Mr Turnbull, it’s time we stopped selling off the farm
Roger Montgomery
February 7, 2017
Malcolm Turnbull is rumoured to be very concerned about Australia losing its coveted AAA credit rating. Politically, it would be a terrible look were it to occur on his watch. Our shaky credit rating reflects the failure of successive governments to deal with our most pressing economic issue – the Balance of Payments Current Account Deficit. And I don’t see things changing soon. Continue…
by Roger Montgomery Posted in Market commentary.
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We don’t need those rates to rise
David Buckland
February 2, 2017
In terms of household debt to disposable income (187 per cent) and household debt to GDP (125 per cent), Australian householders are vying for gold in the debt Olympics. Our love affair with property has been greatly assisted by record low interest rates and this reduction is illustrated below with the “Interest paid to disposable income ratio” declining from 13 per cent to just over 8 per cent over the past decade. Continue…
by David Buckland Posted in Market commentary.
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Second-level thinking on Australian banks
Roger Montgomery
February 2, 2017
In September 2015, Howard Marks wrote a memo entitled, ‘It’s Not Easy’, a reflection on Charlie Munger’s famous aphorism about investing, “It’s not supposed to be easy. Anyone who finds it easy is stupid.” The memo reflected upon the requirement for second level thinking in order to be a successful investor. Continue…
by Roger Montgomery Posted in Editor's Pick, Financial Services.
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Are small and mid-cap stocks good value?
Roger Montgomery
January 27, 2017
Let me start by making something clear. The best returns will not come from the large-cap blue chips that so many baby boomers are invested in. They are likely to come from the stocks that have been beaten up the most in recent months.
Continue…by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.
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The key investment trends in FY16
Scott Phillips
January 16, 2017
The 2016 financial year saw some significant changes in investment in Australia. There were major movements in relation to global shares, fixed interest, global property and infrastructure, and alternatives. We can learn a lot by looking at where the money flowed. Continue…
by Scott Phillips Posted in Market commentary.
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Property not the answer for passive
Roger Montgomery
January 10, 2017
Jamie Williamson wrote an article in the Financial Standard about Montgomery’s recent Whitepaper that warns investors in property and stocks of the looming threat of inferior returns. Read here.
by Roger Montgomery Posted in On the Internet.
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Stocks or Property, where to invest next?
Roger Montgomery
December 21, 2016
Today, many investors in property and stocks face the prospect of inferior returns over the coming years. Principally, these are investors who have entered the overheated, over-geared apartment market, and those whose equity portfolios are dominated by low growth, large cap companies. For these investors, there is now a rare opportunity to rotate into smaller, high quality companies with bright prospects – many of which have had their prices knocked down to very compelling levels. Continue…
by Roger Montgomery Posted in Whitepapers.
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The answer is blowing in the wind
Roger Montgomery
December 20, 2016
With thanks to Bob Dylan, a reading of the minutes to the December RBA’s board meeting reveals there’s a change in the wind. Typically, what we were taught in economics about Australia’s Monetary Policy has been precisely how the RBA applied its levers. Inflation and economic growth determined the changes in the settings. Continue…
by Roger Montgomery Posted in Market commentary.
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Investing in 2017 and beyond
Roger Montgomery
December 17, 2016
If you are concerned about your returns, you should brace for an end of the residential construction boom. You should also be very cautious about the excessive prices of high-yielding stocks (those paying dividends that are unlikely to grow), and you should be most enthusiastic about high-quality mid cap and small cap stocks that have been punished recently with share price declines of up to 50%.
Continue…by Roger Montgomery Posted in Property.
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Property implosion?
Roger Montgomery
December 16, 2016
Around the country the apartment oversupply I have previously discussed has started to hit the market and it is already impacting developers and investors. In this video insight I discuss apartment vacancy rates and what happens to the Australian economy when the construction boom ends.
by Roger Montgomery Posted in Editor's Pick, Video Insights.
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Where to find the best returns for 2017
Roger Montgomery
December 12, 2016
Humans are notoriously bad at picking turning points. We tend to believe the future will look like the recent past. That’s why so many investors make decisions about the future by looking in the rear view mirror. However, I believe the best returns over the next few years will come from buying high quality, high growth companies – many of which are now at beaten-down prices.
Continue…by Roger Montgomery Posted in Editor's Pick, Market commentary.
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Buyer beware: rising rates could send low-growth big caps into reverse
Roger Montgomery
December 9, 2016
After an extended period in the doldrums, interest rates are finally on the rise. As I’ve written before, this could have a momentous effect on asset prices. And most at risk will be those who have accumulated immense debt, and investors who have bought shares in low-growth big caps. Continue…
by Roger Montgomery Posted in Market commentary.
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ABC Nightlife
Roger Montgomery
December 7, 2016
In this radio program with Philip Clark, Roger discusses the willingness of banks to lend money to property buyers, the number of cranes dedicated to residential building and the strong run of resource companies. Is Australia headed for a financial crisis? And what can we do about it? Listen here.
by Roger Montgomery Posted in Editor's Pick, Radio.
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At a knockdown price, REA presents REAlly great value
Scott Shuttleworth
December 5, 2016
Like many high quality firms, REA Group’s (ASX: REA) share price has rerated significantly over the past few months, dropping from over $65 to around $52. Despite this, we think REA’s prospects have continued to improve, and as discussed recently on the blog we strongly believe this presents a great buying opportunity for long-term investors. Continue…
by Scott Shuttleworth Posted in Companies.
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Warning to property investors: you’re trapped in a bubble
Roger Montgomery
December 1, 2016
In this article for Professional Planner, Roger discusses the key ingredients of a property bubble. Read here.
by Roger Montgomery Posted in Editor's Pick, On the Internet.
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The risk of high interest rates
Roger Montgomery
November 30, 2016
In this interview with Ross Greenwood, Roger discusses interest rates and property.
by Roger Montgomery Posted in Radio.
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Sydney property prices show no signs of slowing down in 2017, while other major cities ease up
Roger Montgomery
November 30, 2016
David Taylor writes an article for the ABC about Sydney’s property market. He mentions Roger Montgomery and record mortgage debt. Read here.
by Roger Montgomery Posted in On the Internet.
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Why bonds and property are now on the nose
Roger Montgomery
November 28, 2016
In this article published in The Australian, Roger cautions that rising bond rates will come at a time when highly geared property owners can least afford it. Read here.
by Roger Montgomery Posted in In the Press.
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