Each month, La Trobe Financial produces a series of short videos. Watch now to stay up to date with our business, our portfolios and what we are seeing in the economy. This month, we provide an update on our portfolio performance, as well as share our current thinking on the property market and the economy.

Business & Portfolio Update: Chris Paton, Chief Investment Officer

We kick off the festive season with some wonderful news for our investors. Careful selection of the highest quality assets and our disciplined and rigorous approach to constructing and managing portfolios allows us to deliver increases to distribution rates for the second consecutive month.

  • Increased distribution rates across each of our portfolio accounts
  • The successful launch of the La Trobe US Private Credit product to wholesale investors, the first strategy in our new La Trobe Global Asset Management series^.
  • Our 12 Month Term Account being awarded a 15th consecutive Money magazine award for ‘Best Credit Fund – Mortgages.’

Economic Update: Michael Watson, Head of Distribution

All eyes remain fixed on inflation, with the Reserve Bank closely watching the pace of inflation returning to its target range. But while inflation may be falling, there’s more to consider than just the headline number.

  • Elevated headline inflation figures saw the RBA increase the cash rate in November
  • While the cash rate seems to be at its peak cyclical rate, sticky underlying inflation makes the forward environment uncertain.
  • With no RBA meeting now until February, there’s time to digest a wide range of datapoints due before then.


Property Market Update: Lilian Chin, Director of Client Partnerships & ESG

Back in 2020, genuine concerns were raised about what lay ahead for the property market with zero population growth and a permanently lower population base. In an amazing turnaround, net migration has grown like never before.

  • Australia’s population growing by over 550,000 annually, equating to about the entire population of Tasmania needing housing and infrastructure.
  • Soft construction numbers limiting the supply of stock, seeing the property market up 6.8% year-on-year.
  • Looking forward, even worse-case scenarios forecast a broadly neutral market for 2024.

^ The offer to apply for Class A Units in the La Trobe US Private Credit Trust is open to wholesale investors only. Investors applying to invest less than $500,000 will need to produce an accountant’s certificate to support their wholesale status. For more information, please refer to the Application Form (Annexure 2 to the Information Memorandum).

La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence 222213 Australian Credit Licence 222213 is the responsible entity of the La Trobe Australian Credit Fund ARSN 088 178 321. It is important for you to consider the Product Disclosure Statement for the Credit Fund in deciding whether to invest, or to continue to invest, in the Credit Fund. You can read the PDS and the Target Market Determinations on our website or ask for a copy by calling us on 13 80 10.

La Trobe Financial Services Pty Limited ACN 006 479 527 Australian Credit Licence 392385.

To the extent that any statement in this article constitutes financial product advice, that advice is general advice only and has been prepared without considering your objectives, financial situation or needs. You should, before deciding to acquire or to continue to hold an interest in the La Trobe Australian Credit Fund, consider the appropriateness of the advice having regard to your objectives, financial situation or needs and obtain and consider the Product Disclosure Statement for the Fund.

© 2023 La Trobe Financial Services Pty Limited. All rights reserved. No portion of this may be reproduced, copied, or in any way reused without written permission from La Trobe Financial.

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