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). 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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