19 November 2020

GCI Investment Update October 2020

In early November, CoreLogic released its Hedonic Home Value Index report for October showing an increase in national dwelling values as well as a broad-based lift in home values for each capital city excluding Melbourne. The investment committee has been leaning towards a constructive outlook on the housing market and the CoreLogic data only reinforces this bias. Stability in the housing market is great news for the 90 or so RMBS bonds in the GCI portfolio as all the RMBS are secured on Australian dwellings.

GCI Investment Update 2020
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