Australia, the lucky country (or is it?)

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Has Australia dodged another recession bullet? Since 2012, one of Australia’s biggest economic threats has been the collapse in mining investment. It was the associated capex boom pre- and post-GFC

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Why (sustained) low interest rates are not always good for real estate

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Bricks and mortar are not bonds… Whenever pundits predict medium term increases in official cash rates, there is the inevitable ‘get out of bond proxies’ hype. Empirical evidence does not

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Alpha Fund Managers awards mandate to Quay

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Alpha Fund Managers has awarded a mandate to global listed real estate manager Quay Global Investors, a boutique fund manager partner of Bennelong Funds Management. The Quay Global Real Estate

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Anti-themes important to avoid permanent loss of capital

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While investors tend to look to the themes and trends driving investment opportunities, it is also useful to recognise the ‘anti-themes’ influencing markets, says Chris Bedingfield, Portfolio Manager at Quay

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Technology, ‘echo boomers’ and aging population set to boost global property returns

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Of nine major asset classes, global real estate has ranked in the top five asset classes for 13 of the past 17 years, and should play a larger role in

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Australian house prices and the law of unintended consequences – are we nearing a tipping point?

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Topic of the week, month, year and decade Australian house prices. It seems everyone has an opinion. When house prices collapsed in the US and parts of Europe during the

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Beware the ‘reflation trade’ in financial markets – if it looks certain, it probably isn’t

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Reflation trade Since the election of President Trump, financial markets have begun to price in significant tax cuts and infrastructure spending for the US economy. In addition, there is the

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Investing beyond the backyard for better returns and greater diversification

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Australian investors who seek diversification by coupling Australian shares with domestic residential investment property are not obtaining the benefits they seek, says Chris Bedingfield from Quay Global Investors. “With more

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Local investment properties vs going global

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Your house and the Australian share market Some domestic investors seek diversification by coupling Australian shares with domestic investment property (usually residential). However, we would argue that – at the

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Bonds, Bunds & Bubbles – is the 30-year bond cycle over?

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“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

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