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Bi Monthly Market Update

By Jody Fewster

Demand driving prices higher & higher…

  • Global stimulus is proving a boon for equity markets; though some commentators ‘think’ valuations might be nearing the point of “a correction”.
  • Earlier last week US markets surged on hopes of new stimulus with the Democrats gaining the power of both the Senate and House of Representatives.
  • Rolling border closures are causing concerns for tourism businesses,but WA is faring better than the other states.
  • S&P ASX-200 is trading down slightly at 6,673and the Aussie dollar is at US 77.21c.
  • Iron Ore (currently trading at $US 169/tonne)continues to shine with the State Government on track to announce a surplus of $3.7 billion on the back of the current price rises.
  • After a six week advance to $US 1900 an ounce last week, Gold is now trading at $US 1,860 an ounce.
  • REIWA reported that December saw a 42.5% jump in home sales over last year. Stock levels remain incredibly tight and buyers are desperate for homes.
  • I and my team are well-rested and excited to be back in the office.
  • Call me for a Customised Sale Plan or I’d be delighted to simply discuss your Property’s full potential in this Seller’s Market.  

Authored by Jody Fewster

Please call 0414 688 988 if I can provide you with a current market appraisal and detailed marketing plan for your home or investment property.
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