Padley: Don't buy the bubble hype

Livewire Exclusive

Livewire Markets

John Hempton, a renowned Sydney based hedge fund manager, has doused fuel onto the property bubble debate. In an article published by Fairfax, Hempton shares details of an expedition undertaken to explore the 'underbelly' of Sydney's property market. The gory tale of empty apartments and dodgy lending has created some serious hype. The suggestion is that fraudulent mortgage lending practices are endemic - leaving the 'Big Banks' dangerously exposed. Marcus Padley believes the claims are self-serving and overstated. "My reaction is that these are a couple of guys that have seen too many films and are trying to do something smart and raise their profile... The core [of the property market] is fabulous. But there are spikes. There are parts where the apartment markets have gone nuts or where Chinese have bought in to a particular suburb and it has shot up." In this candid interview Padley explains why he thinks a more measured approach is justified.”


Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

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.