Yes I agree. However, keep an eye on infection rates as they start easing lock-down measures, any resurgence of the virus will hurt a retail property portfolio like SCG, elongating the time the spent in lockdown with reduced earnings.
The government is keen to move out of this which is good for SCG - but only if they don't jump the gun, which will be counterproductive and take us back to square one. Whilst the medium term is still fine for SCG, there will be little point holding this into a second wave of infections for retail investors like us who can liquidate easily. I think the market isn't counting on a second wave occurring in Australia now, I doubt its priced in beyond a small probability.
There has been a slight increase in infections the last two days, potentially a sign that people are relaxing a little too soon, but could just be random variation. Not enough to establish a trend at this stage.
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1 | 8 | 3.390 |
1 | 2500 | 3.380 |
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