16/02/2024 09:01

Is MM still keen on Real Estate as economic data raises questions?

The US Real Estate Sector led equities higher overnight as pressure reduced on bond yields; the sector finished up +2.5% while the IT Sector actually closed lower. With investors struggling to justify the lofty valuations of many well-known stocks, the real estate names offer a degree of solace as they remain ~25% below their 2021 high, and interest rates looked to have peaked with the main question of when and how fast will the Fed cut as opposed to if they will cut.

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01/02/2024 09:58

Real Estate

The Real Estate Sector has already rallied over +25% from its late 2023 low as the market got ahead of the falling bond yields – remember, stocks usually lead. The “easy money” is in the rearview mirror but we wouldn’t be fighting further appreciation by the sector.

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15/12/2023 09:39

Rate sensitive names

The rate-sensitive names have catapulted higher over recent weeks, with the Real Estate Sector already up +24% from its November low. While this group is already challenging our initial 1500 target area, we see further upside. However, the “easy money” is already in the rearview mirror, especially with bond yields having already reversed significantly lower.

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03/11/2023 09:19

Our favourite 4 Real Estate Plays if yields have peaked

The Real Estate Sector has endured tough times of late, the local sector is down close to 5% in 2023, while the US equivalent has plunged over -38% from its early 2022 high, less than two years ago. Post-Covid, we’ve seen some tremendous returns from battered sectors when the dial finally turned with Tech, Coal and Gold all coming to mind, we believe the Property Sector could be throwing its hat into the proverbial ring as the next candidate.

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21/04/2023 09:25

Is it time for MM to consider property stocks for its Flagship Growth Portfolio?

In March the ASX200 Property Accumulation Index undeformed the ASX200 by -6.6% leading to today’s question of whether enough is enough.  At this stage of the cycle, we believe real estate is all about how bad things can get i.e. if a company is trading well below the value of its asserts by definition a significant degree of bad news is already built into the stock.

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