• Was the private hospital diagnosis this results season as unpleasant as this year’s flu season? read here

Whitepaper: Stocks or Property, where to invest next?


Whitepaper: Stocks or Property, where to invest next?

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.


subscribe for free
or sign in to access the article

Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.


Why every investor should read Roger’s book VALUE.ABLE


find out more


This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564) and may contain general financial advice that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking advice from a financial advisor if necessary.


  1. Hi Roger, in your assessment of Stocks vs Property you appeared to focus on residential property, with the emphasis being on apartments. Where do you believe commercial property sits in the investment scheme of things in the current environment? Within this, should any distinction be made between the various property types e.g. retail, office, industrial?

    • Hi Michael,
      I am writing on behalf of Roger Montgomery, who is on annual leave for the rest of January 2017.
      Yes in terms of property, there should be distinction between retail , office, industrial, apartments and houses.
      While the potential of rising US interest rates will effect the discount rate for all asset classes, the various classes of property have different demand/ supply dynamics.
      Roger is most bearish about the apartment market, as he sees a lot of supply coming on stream over the next 18 months.
      Thank you.

Post your comments