Japan

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<p>EXPERT OBSERVER</p>
<p>Capital city property prices fell -1.8 per cent in Q2 as the economy was locked down, but remained 6.2 per cent higher than a year earlier.</p>
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<div>The decline was driven, according to the ABS, thus:</div>
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<div><em><span><strong>"The falls in residential property prices were led by the Sydney (-2.2 per cent) and Melbourne (-2.3 per cent) property markets. </strong></span></em></div>
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<div><em><span><strong>House prices fell 2.6 per cent in Sydney and 2.8 per cent in Melbourne, while attached dwelling prices fell 1.4 per cent in Sydney and 1.0 per cent in Melbourne."</strong></span></em></div>
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<div>The mean dwelling prices by state and territory followed the same pattern. </div>
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<div>Transaction levels were very low, but as far as could be estimated the value of the dwelling stock of 10.52 million dwellings declined in value by about $100 billion to $7.14 trillion.</div>
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<div>More timely data from CoreLogic suggests that prices have essentially now stopped declining, except in Melbourne where falls have continued due to the ongoing lockdown.</div>
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<p><strong>PETE WARGENT</strong><em><span> </span>is the co-founder of AllenWargent property buyers and a best-selling author and blogger </em></p>
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pwargent-M4siyDbqQY

Property prices dip 1.8% in Q2: Pete Wargent

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<p>EXPERT OBSERVER</p>
<p>Interesting move from the birthday boy Warren Buffett, swinging hard into Japanese stocks.</p>
<p>Japan's stock market was arguably the biggest bubble in history, accounting for nearly half the global market cap at one stage.</p>
<p>Even the US only hit half of Japan's lofty peaks as measured by CAPE during the tech exuberance.</p>
<p>Japan took 30 years to reach fair value, after land values fell the country sank into deflation with its ageing and declining population.</p>
<p>The US market now looks very expensive again, while the UK looks relatively cheap by comparison.</p>
<p>Australia lies in the middle, with quite a bit (as ever) resting on your views on the outlook for banks.</p>
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<p>Buffett has bought shares in Japan's five largest trading companies, including Mitsubishi and Sumitomo, perhaps in part a foreign currency play.</p>
<p>This equates to an investment of about $6.25 billion per CNBC, and Buffett may increase holdings up to 9.9 per cent stakes, to be held for the long term.</p>
<p><strong>PETE WARGENT</strong><em><span> </span>is the co-founder of AllenWargent property buyers and a best-selling author and blogger </em></p>
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Warren Buffet swings billions into Japanese stocks: Pete Wargent

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<p><span>InterContinental Hotels Group</span> (IHG®) has announced InterContinental Yokohama Pier 8 will open its doors to guests in November 2019 in the Minato Mirai area of Yokohama. </p>
<p><span>InterContinental Yokohama Pier 8 will be built on the premises of the Yokohama Hammer Head Project which is developed by SHINKO PIER CRUISE TERMINAL Co.,Ltd. in collaboration with Yokohama City. </span></p>
<p><span>The new-build luxury hotel will be located in the same building as a cruise ship terminal where large cruise ships will be anchored. Together, the precinct will offer guests a new luxury experience that blends both the InterContinental brand, and Yokohama’s distinct history and colourful lifestyle.  </span> </p>
<p><span>InterContinental Yokohama Pier 8 joins the nearby InterContinental Yokohama Grand, which has been recognised as an icon of the Minato Mirai area since 1991. </span></p>
<p><span>The symbolic hotel was the first InterContinental hotel in Japan, now joining 200 InterContinental Hotels &amp; Resorts across the globe.</span></p>
<p><span>InterContinental Yokohama Pier 8 is located on one of the few piers in the world, and boasts 173 spacious rooms. The Club InterContinental rooms and Club Lounge will offer an upgraded experience that is characteristic of the InterContinental brand, while the restaurant and bars, event room, spa, fitness, rooftop experience and indoor garden, each offer a connection to the sea and the sky for a memorable stay.</span> </p>
<p><span>IHG currently has 49 hotels operating under four brands in Australasia, including: <span>InterContinental</span>, <span>Crowne Plaza</span>, <span>Holiday Inn</span>, <span>voco</span> and <span>Holiday Inn Express</span>, with another 29 in the pipeline.</span></p>
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