Aussie housing

The monthly CoreLogic data shows some moderation in the pace of declines, year to date, across residential housing, and is causing some commentators to think that the “bottom” might be in.

In our view, such a deceleration is not likely given that mortgage rates keep going up.

The m

Economic data, economic activity, just works with a lag, and there’s always plenty of noise.

No call to action, we are UW Australian shares at the DAA level, with a vague eye toward housing market apocalypse-type risks, but mainly because we think international opportunities are better, and OW Australian Government Bonds, which at 3.5-4% represent (in our view) good value, with an increased position in international investment grade credit, where yields of 5.5-6.5% are, well, the best they’ve been in years.

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This document is based on information available at the time of publishing, information which we believe is correct and any opinions, conclusions or forecasts are reasonably held or made as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. To the extent permitted by law, neither Aequitas nor any of its affiliates accept liability to any person for loss or damage arising from the use of the information herein.

Please note that past performance is not a reliable indicator of future performance.

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