Comments on: Property Investing – Listed or Unlisted? http://www.wealthfoundations.com.au/blog/property-investing-listed-or-unlisted/ Personal wealth management issues Fri, 30 Jul 2010 06:49:41 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Tim Dickson http://www.wealthfoundations.com.au/blog/property-investing-listed-or-unlisted/comment-page-1/#comment-366 Tim Dickson Thu, 20 Aug 2009 00:40:15 +0000 http://74.52.19.179/~wealth1/blog/?p=48#comment-366 A recent article in the Money section of SMH yesterday (see http://www.smh.com.au/news/business/money/investment/playing-the-weighting-game/2009/08/17/1250362027592.html) seems to confirm the ideas and concepts you highlighted in your Januray article. As they stated - "there are not great dissimilarities between the two and that, ultimately, unlisted and listed property markets will produce similar performances over rolling 10-year periods." It would seem foolish to think otherwise. A recent article in the Money section of SMH yesterday (see http://www.smh.com.au/news/business/money/investment/playing-the-weighting-game/2009/08/17/1250362027592.html) seems to confirm the ideas and concepts you highlighted in your Januray article. As they stated – “there are not great dissimilarities between the two and that, ultimately, unlisted and listed property markets will produce similar performances over rolling 10-year periods.” It would seem foolish to think otherwise.

]]> By: Andrew Jenkins http://www.wealthfoundations.com.au/blog/property-investing-listed-or-unlisted/comment-page-1/#comment-261 Andrew Jenkins Tue, 21 Jul 2009 04:18:23 +0000 http://74.52.19.179/~wealth1/blog/?p=48#comment-261 http://www.theaustralian.news.com.au/business/story/0,28124,25810583-36418,00.html This article "Two listed trusts write down assets worth $500m" | The Australian, discusses two listed property funds that dramatically devalued their property holding values. Their listed price however remained essentially unchanged. It highlights that fact that listed "market" prices reflect current expectations (even before they are formally reported). Unlisted structures have no pricing mechanism for reflecting this information. Their price is determined by their own asset valuations, which (as highlighted in this article) can be subject to gross mis-pricing via over (under) valuation. The listed structure is a far more transparent structure. http://www.theaustralian.news.com.au/business/story/0,28124,25810583-36418,00.html
This article “Two listed trusts write down assets worth $500m” | The Australian, discusses two listed property funds that dramatically devalued their property holding values. Their listed price however remained essentially unchanged. It highlights that fact that listed “market” prices reflect current expectations (even before they are formally reported). Unlisted structures have no pricing mechanism for reflecting this information. Their price is determined by their own asset valuations, which (as highlighted in this article) can be subject to gross mis-pricing via over (under) valuation. The listed structure is a far more transparent structure.

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