Chris Aylward - property cycles, leverage, and skyscrapers to funds

A 50-year property veteran unpacks today’s market risks, mispricings and lessons from costly mistakes in real assets and private credit.
David Clark

Koda Capital

In this episode of Inside the Rope, David Clark sits down with Chris Aylward, a veteran of Australian property markets whose career spans more than five decades. From leasing office towers in Melbourne in the 1970s to founding APN Property Group and navigating multiple financial crises, Chris has seen every phase of the real estate cycle.

For investors trying to make sense of today’s market - rising rates, expensive assets, private credit growth and uncertainty around office property, Chris offers a rare long-term perspective.

This conversation explores what today’s market gets right, what it gets dangerously wrong, and why experienced investors are becoming more cautious even while liquidity floods into property and private debt.
Chris also reflects candidly on the biggest mistake of his career - a European property fund that went badly wrong, and the lessons it taught him about partnerships, leverage and risk management.
For listeners managing wealth, allocating capital, or investing in real assets, this episode is a great learning episode in cycle awareness and disciplined investing.
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This research note has been prepared without consideration of any client's investment objectives, financial situation or needs. Before acting on any advice in this document, Koda Capital Pty Ltd recommends that you consider whether this is appropriate for your circumstances. While this document is based on the information from sources which are considered reliable, Koda Capital Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Koda does not accept any responsibility to inform you of any matter that subsequently comes to its notice, which may affect any of the information contained in this document. © Copyright Koda Capital 2020 | AFSL: 452 581 | ABN: 65 166 491 961 | www.kodacapital.com

David Clark
Adviser & Partner
Koda Capital

David Clark is an Adviser & Partner at Koda Capital. In his podcast ‘Inside the Rope’, David interviews some of the leading minds in wealth management.

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