Equities
Only everyone that has ever left their parents’ home! Show More
real estate
Asset quality is more than just an attractive building. Most properties are valuable because of something else entirely. Show More
If “a picture tells a thousand words”, imagine what 12 can do. We've pulled together 12 charts that we think are interesting for investors right now, including our views on what they each mean. Show More
Monopoly is the ultimate real estate game, but it also has some important lessons for real life property investors. In Monopoly, there are three things that determine which squares are the best to own: 1) The likelihood of players landing on them, 2) The ‘price to earnings’ ratio i.e. how... Show More
We recently returned from ten days visiting more than 20 companies in Japan. Two things struck us: the vast increase in the number of tourists, and how cheap it seemed compared to Australia. The last was born out by the fact that persistent low inflation means that Tokyo is no... Show More
Global listed real estate has been enjoying a favourable outlook, supported by historically-low interest rates and improving economic sentiment. Here are three themes that we’re expecting to perform particularly well during the year due to their exposure to long-term secular growth trends. Show More
“Show me the incentive and I’ll show you the outcome” ... Charlie Munger’s quip is typically insightful and relevant to many of the ructions currently facing the domestic economy, including a number of key sectors like real estate, consumer discretionary, telecommunications and energy, all of which will be examined in... Show More
Since the rapid 20% correction witnessed from August to November 2016, the real estate and infrastructure sector has made a significant recovery. This recovery is difficult to reconcile given there has been no fundamental improvement in the earnings outlook for many of the securities that have rallied so strongly –... Show More
Chris Bedingfield, Principal and Portfolio Manager at Quay Global Investors, discusses the global investment opportunities presented by listed real estate. He explores: Show More
China has experienced an exceptional GDP growth rate of 12.9% per annum over the past 20 years. Yet over the next 12 to 18 months, Chinese investors will struggle to come up with the funds to meet their obligations arising from off-the-plan apartment purchases. Chinese nationals are facing a double... Show More
“Yields on 10-year US Treasuries have fallen to 2.4% – a level that was unseen even in the Great Depression. This is ‘return-free risk’, said bond guru Jim Grant. It is much the same story across the world. Yields are 1.3% in Japan, 3.02% in Germany, 3.13% in Britain, 3.26%... Show More
The month of May was especially brutal for a number of US and Australian retailers. In the US, GAP, L Brands, Macy’s Nordstrom and others reported weaker than expected or declining sales and profits. While in Australia, Wesfarmers announced an A$1bn write-down in the discount department store, Target, while the... Show More
While the bubble in U.S. stocks was just beginning in 1925, the lesser known Florida real estate bubble was already in full swing. “The greatest real estate development in the world” read a Florida News headline in September 1925. By the 1920s middle class America had more time and money... Show More
Investors should buy shares like they buy groceries and REA’s share price decline has seen it become even more attractive to us. With its ranking, in the initial stock screening and ranking step of our investment process, jumping from No.#73 to No.#4 in the last week, it’s worth considering the... Show More
The surprisingly large fall in home building approvals in November 2015 is a warning shot for those sailing on a sea of complacency with respect to the Australia’s economic outlook. We have previously warned of downside risks to the economy in 2016 due to the housing sector. While many analysts... Show More
Australian commercial property is now amongst the most sought after in the world Show More
Signs are accumulating to suggest that Australia’s housing sector upturn is on its last legs. Yet due to the housing sector’s relatively small direct share of the economy, there is a risk that many analysts will underestimate the likely downside impact, which could be significant due to both the sector’s... Show More
Online real estate business REA Group (ASX: REA) launched a $4 per share takeover bid for south-east Asia focused rival iProperty Group (ASX: IPP) this week. REA Group said it forecast strong population and gross domestic product growth in south-east Asia, and expected the real estate market will continue to... Show More
After another decline in the clearance rate Dr Andrew Wilson, Senior Economist at Domain says “the super energy of the Sydney market has now passed. The price growth that was recorded this year and over the last two years was unsustainable given particularly that interest rates have been flat for... Show More
The housing sector is doing its part! Our Chief Economist, Shane Oliver, provides an update on the Australian housing market: http://www.ampcapital.com.au/article-detail?alias=/olivers-insights/september-2014/australian-house-prices-a-bit-too-hot-in-parts Show More