In this week’s edition of Winston’s Weekly, Manny Anton and Winston Sammut discussed the recent developments in the property sector. The conversation covered a range of topics, including the impact of interest rates, building approvals, and the performance of ASX-listed property stocks.
One of the key points of discussion was the strong performance of the property sector in recent months, with the REIT sector seeing significant gains. However, there was also a discussion about the potential impact of interest rate cuts on the residential housing market, as well as the concentration of market influence in a few key stocks like Goodman.
The conversation also touched on recent M&A activity in the property sector, including Charter Hall’s acquisition of a stake in hotel property investments and the ongoing BWP/Newmark takeover. Additionally, the performance of Euree Asset Management was highlighted, with Winston Sammut noting that the firm tends to outperform during market pullbacks.
Looking ahead, the discussion turned to the uncertainty surrounding interest rate cuts and the upcoming release of non-farm payrolls data in the US. Overall, the conversation provided valuable insights into the current state of the property sector and the factors influencing its performance.