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geopolitical

The economic recovery continues to unfold as geopolitical issues escalate

The earlier cautious optimism about an economic recovery is translating to confirmation about broader economic strength. While serious uncertainties dominate the global outlook amid elevated geopolitical threats to markets and economic activity, particularly in the Middle East, the domestic drivers of the economy are broadly positive.

A combination of prior interest rate cuts, moderate fiscal stimulus and an increase in commodity prices have helped to spark the more positive tone.

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private lenders

The private lenders filling the property gap

AUSBIZ
The growth of Australia’s real estate private credit market is gaining significant attention, with the segment forecast to near $90 billion by the decade’s end. In this Ausbiz interview, Zagga CEO & Co-Founder Alan Greenstein shares his thoughts on the tailwinds driving the demand for, and growth of, real estate private credit – from domestic and offshore participants.

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unemployment

A jump in unemployment renews expectations for interest rate cuts

The unemployment rate spiked to a four year high of 4.5 per cent in September, up from 3.4 per cent at the low of the cycle and is now above the RBA’s forecast made in August for a peak of 4.3 per cent. The result rekindled expectations for further interest rate cuts, as soon as its next meeting on 4 November.

Recall that under the revised mandate of the RBA, maintaining full employment sits along side the inflation target as a fundamental objective of the Bank. The key data ahead of the next RBA meeting is the September quarter inflation data which is scheduled for 29 October.

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investors

Trump, tariffs, and turmoil: Why investors are seeking alternatives

INVESTOR DAILY
In buoyant times, it’s easy to overlook the role of the steady and stable parts of a portfolio – the conservative income-generators that don’t make headlines. But these are exactly the assets that provide stability when everything else is in flux. Yet the traditional 60/40 portfolio is no longer proving a robust stronghold among record volatility. Traditionally, multi-asset portfolios have relied on the negative correlation between bonds and equities for diversification. However, increasingly, we are seeing a positive correlation in public markets. The year 2022 was an extreme example, where we saw significant correlated dips in both bonds and equities, and it is what we have again seen repeated in the most recent bout of market volatility.

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regulation

Walking the regulation tightrope in private credit

STOCKHEAD & THE AUSTRALIAN
With ASIC shining a light on fast-growing private markets, finding the sweet spot between regulation and investor protection is critical explains Alan Greenstein, CEO and co-founder of specialist real estate private credit investment manager Zagga.

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