Getting ready for a property market correction

Clime Investment Management

Clime Investment Management

Last week’s dual announcement by Westpac (WBC) of an increase in its mortgage rates and the capital raising of $3.5 billion is still being digested by market participants. WBC’s announcement was peculiar in one specific regard. They increased their dividend, at the same time as declaring its desire to raise more capital. Westpac’s capital decisions in the face of hedge fund activities amplify the chaotic environment that exists in Australian financial markets at present. However and more importantly, it pre-empts the growing risk of a residential property correction. We explain why. (VIEW LINK)


1 stock mentioned

Clime Investment Management
Clime Investment Management
Funds Management & Stock Research
Clime Investment Management

The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment