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All the ups and downs…

Trump’s trade war has caused the IMF to downgrade its forecast for global economic growth from 3.3% in 2024 to 2.8% this year (well below the 3.7% average between 2000 and 2019).
The RBA is still expected to cut its interest rates at their May 20 meeting.
Global markets are increasingly uneasy of Trump’s swipes at the Federal Reserve Chair, Jerome Powell – the mere thought that Trump could erode the Fed’s independence has sent US markets into huge swings.
CBA helped offset board losses on the ASX/S&P 200 yesterday and it’s now trading up today at 7,947 as I type, due to Trump’s latest comment that tariffs on China would be wound down.
Amongst the market turmoil, the Aussie dollar has risen to a 4 1/2 month high of US 64.4c.
After hitting a new all-time high of US $3,500 an ounce on Tuesday, gold has fallen for two days as investors book profits.
REIWA’s latest statistics show Perth’s rental vacancy rate has risen again and is now at 2.5% for the March quarter. This is up from 0.4% a year ago and a balanced market is considered between 2.5% and 3.5%.
There has also been a 21% increase in the number of homes listed for sale compared to a year ago.
Call me for a strategy to make sense of these changes in the Perth market.

Jody Fewster

Please contact me on 0414 688 988 or by email at jody.fewster@raywhite.com
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