Sell with Confidence
Read More
News

Bi Monthly Market Update | A super day for the Super Pit…

By Jody Fewster

A super day for the Super Pit…

  • Our market was up yesterday thanks to the merger of Northern Star Resources and Saracen Minerals, making it a $16b gold giant ranked 6th in the world. It makes me immensely proud to be a West Aussie – thank you Raleigh and Bill.
  • After a shocking September (down 4.04%), the S&P ASX- 200 is up at 6,028.5 as I type. The Aussie dollar is trading at $US .71c.
  • As expected the RBA kept rates on hold, but the Minutes suggest a cut is coming on Cup Day in November.
  • With all the news in the Federal Budget, there is little directly impacting the property market. A boost for an additional 10,000 first home buyers. Most impactful may just be the forecast of a net overseas migration of 100,000.
  • Once again, Iron Ore may come to the Deficit’s rescue with the budget forecast at $US 55/t and current trades are at $US121/t.
  • All eyes are on the State Budget out tomorrow in which the Treasurer Ben Wyatt will announce a Surplus on the back of Iron Ore royalties and exports to China.
  • There were 878 property sales across Perth last week, a 90% jump from the same week last year. Sales are up but stock levels are still low!!!
  • We are very proud that our office was Number 1 in the Ray White Network for the month of September.
  • Call me for a comprehensive plan to get you on the move.

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