This article is authored by MOI Global instructor Andrew Macken, Chief Investment Officer at Montaka Global Investments, based in Sydney, Australia.
Andrew is an instructor at Asian Investing Summit 2021.
A few weeks ago, a house was listed for sale in Sydney’s famous Bondi at $3.8 million. (There were no water views, unlike for the $20.1 million penthouse apartment that set the Australian record the prior week)[1]. The house went to auction, with opening bids at $4 million. It sold for $6.1 million.
In an environment of rock-bottom interest rates, locked in for years to come by central bank policymakers, asset prices are continuing their appreciation. In the case of many Australian property markets, these price movements have been fierce.
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About The Author: Andrew Macken
Andrew Macken is the Co-Founder and CIO of Montaka Global Investments, a global equity manager based in Sydney and New York. Prior to establishing Montaka, Andrew worked as a senior member of Jim Chanos’ research team at Kynikos Associates, a global equity long/short fund based in New York. Andrew holds a Master of Business Administration (Dean’s List) from the Columbia Business School in New York. Andrew also graduated with High Distinction with a Master of Commerce; and First Class Honours with a Bachelor of Engineering from the University of New South Wales in Sydney.
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