Join our investing community

ASX to offer property derivatives

Discussion in 'Shares' started by Tropo, 14th May, 2009.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    ASX to offer property derivatives
    14/05/2009

    The Australian Stock Exchange will soon offer investors the opportunity to 'bet' on property prices falling or rising.
    The derivative contracts based on property prices as determined by research house RP Data/Rismark will attract rental income but will be offset by interest expenses, as the positions offered initially will be geared.

    Property indices will be offered over a national house price index, and one for each of the five major capitals.
    The derivatives will be launched in August-September, if regulatory clearance is obtained from the Australian Securities and Investments Commission.

    Source: Sydney Morning Herald
     
  2. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    Sounds like a good shorting opportunity to play as the FHOGs are unwound...

    I will be interested to see if ASIC will allow it to go ahead.