Sell with Confidence
Read More
News

A seller’s market…

By Jody Fewster
  • Further geopolitical tensions in the Middle East cause rising fears of further escalation.
  • China’s GDP numbers out today show their economy grew at 5.2% growth which is enviable given predictions for Australia’s growth at less than 2% this year.
  • The commodities space has been on a rollercoaster with the Uranium bulls cheering as the price hit a 16 year high. The price rallied 70% last year amid limited supply and emerging demand from countries targeting nuclear energy to help meet net-zero targets in the coming years.
  • Other commodities have not fared as well this year with Thermal Coal -11%, Iron Ore more than -7%, and Copper -3%. Let’s not mention the Lithium price.
  • This weakness in commodities combined with supply chain issues with DP World Ports have affected our market with the S&P/ASX 200 down at 7,387 as I type.
  • The Aussie dollar has retreated on news the Fed may delay rate cuts – it’s now at a one month low of $US .661.
  • REIWA reported that listings for sale across Perth fell to a record low of 3,648 at the end of December. That’s 23.4% lower than November and 49% lower than December 2022.
  • As at today, there are only 3,792 listings for sale (1,941 homes, 1,058 units and 793 blocks of land).
  • So, it’s a seller’s market! Call me today for a thoroughly personalised plan to get you the very best price for your home or investment property.
Up to Date

Latest News

  • We are so lucky to live here…

    US consumer prices rose 3.1% in the year through January cooling less than had been expected. The S&P 500 was above 5,000 for the first time on Monday putting it into “nosebleed territory” but has since come off after that hotter than expected inflation figure, which has clouded rate cut expectations. … Read more

    Read Full Post