Residential property looks set for resurgence even if interest rates go up, according to the snapshot of investors and other industry professionals taken in the latest Ashe Morgan Winthrop Property Investors
Survey.
More...
Residential property looks set for resurgence even if interest rates go up, according to the snapshot of investors and other industry professionals taken in the latest Ashe Morgan Winthrop Property Investors
Survey.
More...
Posted at 12:23 PM in Ashe Morgan Winthrop | Permalink | Comments (0)
Download demetriou_appointment_release.pdf
AFL CEO ANDREW DEMETRIOU JOINS ASHE MORGAN WINTHROP
Ashe Morgan Winthrop, one of Australia’s leading property finance and investment groups, has
today announced the appointment of Andrew Demetriou, Chief Executive Officer of the
Australian Football League, as a Non-Executive Director.
“We are delighted to have someone of Andrew’s calibre joining our Board. He has steered the
AFL from strength to strength since becoming its CEO in 2003,” said Ashe Morgan Winthrop
Managing Director, Michael Rothner.
“Andrew will add his extensive experience and commercial acumen to the Ashe Morgan
Winthrop Board and play a major role in assisting us with the continued dynamic growth of our
business.”
“In particular, his ability to link the AFL so effectively to the business community shows his
understanding of a broad range of industries and business practices,” said Mr Rothner.
Andrew administers the 16-team AFL national competition and guides the game of Australian
Football that currently has 581,000 participants and supports a $3.3 billion industry that employs
the equivalent of 9500 full-time jobs.
In the past year, Andrew has led the AFL in negotiating a series of record commercial
arrangements, including the $780 million television broadcasting deal, which has underpinned
the $1.4 billion Next Generation strategy to secure the future of football and expand the game
across the country.
“Joining Ashe Morgan Winthrop’s Board represents an exciting opportunity for me to contribute
to a growing and dynamic financial services group. Ashe Morgan Winthrop is a very exciting
business that has seen consistent and healthy growth over the last decade and has built a very
strong reputation in the industry,” said Andrew Demetriou.
“I am very much looking forward to being able to bring to bear my experience from both the AFL
and my past previous business career in this new role.”
For three years prior to being appointed CEO in September 2003, Andrew served as General
Manager – Football Operations, overseeing all aspects of operating the 16-team AFL
competition.
Andrew has had vast experience in growing businesses. In 1989 he was appointed managing
director of the Ruthinium Group, a business importing acrylic teeth and drove sales growth of
500 per cent and built the company into a business that exports to 70 countries worldwide.
In 1998, Andrew became CEO of the AFL Players Association and was instrumental in
establishing programs to look after players during their careers and after their retirement as well
as negotiating a landmark 5 year Collective Bargaining Agreement with the AFL as well as
overseeing a $25 million player fund.
Andrew was also appointed Non-Executive Chairman of the Baxter Group, a Waste
Management group that listed on the Australian Stock Exchange in 2003 with a market
capitalisation of $40 million. The company was recently sold to Transpacific for $260 million
He is also Public Appeal Chairman for the Olivia Newton John Cancer Centre.
About Ashe Morgan Winthrop
Ashe Morgan Winthrop is one of Australia’s leading property finance and investment groups,
providing commercial property finance, structured finance, funds management, real estate
equity, commercial mortgage aggregation and property development. Ashe Morgan Winthrop
arranges around $3 billion in property finance each year and is currently working on close to
$1 billion in property development in joint venture with our clients.
For more information or interviews please contact:
Andrew Demetriou: Patrick Keane (AFL Media Manager) on 03 9643 1925
Ashe Morgan Winthrop: John Winter on 02 9240 1011 or 0414 533 133
Released by:
Holly Reynolds at Left Field on (02) 9331 6671 or 0409 462 112
Posted at 05:36 PM in Ashe Morgan Winthrop | Permalink
Download AMWsurveyresults280307.pdf
MEDIA RELEASE
28 MARCH 2007
EXPERTS TIP RESIDENTIAL MARKET TO OUTPERFORM ALL OTHERS
A record number of property professionals have shown overwhelming support for the residential real
estate investment market in the latest Ashe Morgan Winthrop Property Investors Survey.
More than 66 per cent of those surveyed expect to see an improvement in the residential property
market over the next six months – the strongest result for an improving residential sector in the bi-
annual survey’s 11-year history.
More than 53 per cent of those surveyed recommended investing in residential property, with the
market gaining its strongest support from the two states hardest hit by the end of the boom in 2003.
“The results highlight the return of confidence to the residential market,” said Ashe Morgan Winthrop
Director John Winter.
“More property professionals now recommend investing in residential property over all other markets
than at any time in the eleven year history of the survey.”
The most bullish residential property markets during the next six months are likely to be Victoria and
Queensland where an equal total of 74.3 per cent of all respondents are expecting an improved
outlook. NSW had the lowest result of the major states with only 55.1 per cent expecting an
improvement.
Across all markets, the results revealed Queensland as the market leading investment destination for
property investors with 35.5 per cent reporting it as their location of choice.
“The love affair with the Western Australian property market has moved beyond its honeymoon phase
with a dramatic reduction in support for WA as the investment location of choice,” Mr Winter said.
“Western Australia received a 13 percentage point fall in support in the past six months.”
“While many property professionals hold the view that the Western Australian property market is going
to continue to improve, 65.7 per cent believe that this is at the peak of its cycle.”
The 22nd Ashe Morgan Winthrop Property Investors Survey quizzed 889 property professionals from
around the nation on a range of issues including interest rate expectations, property market movements
and topical issues such as if current market conditions are forcing them to look beyond property
investment and what governments can be doing to improve the various property markets.
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Interest rates are tipped to remain steady with 54.3 per cent of respondents predicting the Reserve
Bank of Australia (RBA) keeps rates on hold for the next six months. As a result support for the RBA is
on the rise, increasing 2.6 percentage points to 71.7 per cent.
Yields also featured quite prominently in the survey with a record total of 66.4 per cent of property
professionals predicting them to improve over the next six months.
SNAPSHOT
• 54.3% of all respondents believe that the RBA will hold rates steady for the next 6 months. Only
39.0% expect a further rate rise in the coming half year.
• Property professionals continue to urge the RBA to show restraint on interest rates with 56.2%
saying that they would advise the RBA to hold rates steady.
• 71.7% of respondents now believe that the RBA is effective in using its interest rate strategy to
manage the economy.
• 73.5% of all respondents believe that the Federal Government's performance is either quite
effective or very effective. This result also places the Federal Government as more highly rated
for their economic management than the RBA.
• Property investment intentions have rebound, with a 3.4 percentage point improvement over the
previous result. 61.4% of all respondents indicated that they are either definitely going to invest
or are quite likely to invest. This represents the second strongest result since Spring 2002
(surpassed only by the Spring 2005 result of 61.7% just as Western Australia's market
accelerated).
• The Queensland market appears set to continue its strength with a national-leading total of
72.0% of property professionals in that state looking to invest in the next 6 months. NSW and
Victorian property professionals both posted a moderate increase in investment intentions, with
both states rising 1.6 percentage points over the last six months.
• More property professionals now recommend investing in residential property over all others
than at any time in the 11-year history of this survey. A total of 53.7% of all of those surveyed
advocated investing in residential property - up 9.2 percentage points on the last survey. All
other major property segments slipped in favouritism, with office property slipping the greatest
amount.
• The love affair with the Western Australian property market has moved beyond its honeymoon
phase with a dramatic reduction in support for WA as the investment location of choice. WA
received a 13.0 percentage point fall in support over the last six months. Queensland is now the
market leading investment destination for property investors with 35.5% reporting it as their
location of choice.
• 66.1% of all respondents reported that they expect to see the residential property market
improving in the next 6 months - up 19.8 percentage points on the last survey's result. This is
the strongest result for an improving residential sector recorded in the 11 years of the Property
Investors Survey.
• The most bullish residential property markets during the next 6 months are likely to be Victoria
and Queensland, where an equal total of 74.3% of all respondents are expecting an improving
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outlook. NSW had the lowest result of the major states with only 55.1% expecting an
improvement.
• Vacancy rates in NSW are likely to see the greatest improvement with 53.4% of all respondents
expecting either a slight fall or a significant one.
• A record total of 66.4% of those surveyed reported that they believe that yields will improve in
the next 6 months.
• Lack of suitable stock continues to be the single greatest impediment to property investment.
This survey, 27.5% of all respondents indicated it to be the biggest problem that they faced, up
1.2 percentage points on the last survey.
• Market conditions have forced 29.5% of investors to look outside their normal State of residence
for investment for the last two surveys. A total of 41.4%, the majority of respondents, agree that
they have been led to look outside of property investment entirely due to current market
conditions.
• 57.3% of all respondents believed that the Victorian market is on the improving phase of the
property cycle. In Queensland, the position seems to be continuing to improve with 55.5% of
those surveyed believing that Queensland is still on the up cycle, while 31.0% believe that it has
topped out at the peak of the cycle.
• While 25.3% hold the view that the WA market is going to continue to improve, the vast majority
believe that this is at the peak of its cycle - 65.7% hold this view.
• For NSW the news is at least better than it arguably has been for some time. 34.3% believe that
the market has hit the bottom of its cycle and only 16.2% think it may get worse. This is offset by
24.3% who think the market is now improving.
• Property investors most want governments to reduce the stamp duty on property sales with a
total of 45.7% of all respondents taking this stance.
About Ashe Morgan Winthrop
Ashe Morgan Winthrop is one of Australia’s leading property finance and investment groups, providing
commercial property finance, structured finance, funds management, real estate equity, commercial
mortgage aggregation and property development. Last financial year Ashe Morgan Winthrop arranged
over $2.5 billion in property finance and is currently working on over $0.5 billion in property
development in joint venture with our clients.
A full copy of the survey can be downloaded from www.amw.com.au/AMWPIS22.pdf
ENDS
For more information or interviews please contact:
John Winter at Ashe Morgan Winthrop on (02) 9240 1011 or 0414 533 133.
Released by:
Holly Reynolds at Left Field on (02) 9331 6671 or 0409 462 112
Posted at 06:04 PM in Ashe Morgan Winthrop | Permalink
