Sell with Confidence
Read More
News

Bi Monthly Market Update | A rate cut and quantitative easing on the way…

By Jody Fewster

A rate cut and quantitative easing on the way…

  • US election uncertainty and Europe’s rising COVID-19 cases weighed on our markets yesterday with the S&P ASX-200 trading little changed, as I type, at 6,194. The Aussie dollar has edged down towards US 70c.
  • China continues to help the shattered global economy with its GDP climbing 4.9% in the third quarter, thus the world’s 2nd biggest economy regained all ground it lost in the first half.
  • Standard & Poors have retained the Federal Governments AAA credit rating meaning we are only one of nine countries to hold the rating from all three major agencies.
  • Household debt levels are the skeleton in the closet for WA.
  • Homebuilders are happy to get an extra 12 months to start work on new homes under the State Government’s $20,000 grant programme for contracts signed by 31 December. There is now pressure on the Federal Government to extend their $25,000 grant, which currently requires significant works to commence in 3 to 6 months.
  • In order to spur business activity and jobs growth, the RBA is now expected to cut the cash rate to 0.10% from 0.25% at their 3 November meeting, plus declare their intent about outright quantitative easing via large scale Bond purchases.
  • The rental market vacancy rate fell under 1% for only the third time in the last 40 years.
  • Days on market are dropping and home opens have been the busiest we have seen for a long time.
  • We have high demand for both sales and rental properties.
  • Having sold over $15 million worth of stock in the past four weeks, I have buyers waiting for me to find them their next perfect home.
  • Call me today for a customised plan to sell your home.

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.
Up to Date

Latest News

  • Economic growth slows…further

    The latest US jobs data shows their economy is losing momentum, but this has done little to halt markets. The ABS has just announced that real GPD expanded just 0.1% for the March quarter, dragging annual growth to 1.1%, its weakest since the recession of 1992. The big difference back then, … Read more

    Read Full Post

  • Metals surge…

    Geopolitical tensions remain high, with flare-ups in several countries and new uncertainty in the Middle East. China announced moves to shore up its property market by removing the floor on mortgage rates, cutting the minimum down payment requirements for individual home buyers, and encouraging local governments to acquire homes and convert them … Read more

    Read Full Post