Opportunity
—
Our approach to opportunity is based on a set of fundamental “first-principles” derived from collective observations, experience and expertise acquired over multiple economic and real estate cycles.
Market Cycles
We spend considerable time researching, studying and observing various data and market forces – from global macro to domestic micro and what lies between – as well as behavioural and other structural shifts which impact or stand to impact real estate markets and underlying supply/demand drivers. Focused exclusively on investing in and financing Australian real estate development projects, we seek to identify and exploit capital & risk pricing inefficiencies and opportunities arising from structural, behavioural or other market disruptions.
Measure Twice, Cut Once
A shared trait of successful investors is high-conviction based on thorough research, preparation and planning. As a single sector business we take a meticulous approach to financial, risk and transaction analysis, scrutinising the quality of every input and assumption with a critical eye and real time mark-to-market pricing.
Better Not Bigger
As a boutique organisation, speed & agility are two of our primary competitive advantages. We retain both by leveraging our intellectual, technological & financial capacity and capability with a network of tier one developer clients in order to identify and prosecute market opportunities as a trusted capital or financial partner.
Patience & Discipline
As an organisation with 10 + years asymmetric investment performance, we know that there is no secret formula for long-term investment out-performance – only patience and discipline.
The Information Era
The current “Information Era” makes it variously harder and easier than ever to seek out and leverage informational advantages. At IDA we seek to ensure that at no time are we under or ill-informed and, to the extent possible, always informationally advantaged.
Vigilance
Whilst we take pride in our rigorous attention to detail and critical approach to risk identification and management, we are ever vigilant to the first rule of investment: the pursuit of return requires the assumption of risk. We endeavour to maintain the same culture of scrutiny and cynicism in the maintenance of our investment track record as was so critical to its creation.
Accountability
Real estate development is, by its nature, a dynamic enterprise. Business plans and programs often deviate and unforeseen events arise more often than not. In the event of material adverse change we take ownership with alacrity, communicate effectively and remedy immediately.
Self-Improvement
We forever aim to improve our contributions to the world around us – personally and professionally - by recognising that good is not enough in a world where better is always possible.