Bi Monthly Market Update | Geopolitical tension cause flight to safe assets… good for Gold and Property! - News

Geopolitical tension cause flight to safe assets… good for Gold and Property!

Global stock markets slumped Monday as the Russia/Ukraine situation intensified – the S&P 500 is down 7.7% year to date. Our markets followed suit but the S&P ASX-200 is back up today at 7,272.
Aside from the human tragedy, any invasion of the Ukraine will have wide- ranging geopolitical impacts. Markets fear a disruption of Russian raw materials.
Russia, the largest country on earth by land mass, is a commodities giant ranking as a top producer of natural gas, oil, nickel, palladium, copper, coal, potash, wheat and more. Disruptions to exports would drive up commodities prices.
The Iron price recently hit $US 150/t. JP Morgan is suggesting a $US 114/t price by year-end. China’s recent jawboning about the price has seen the futures market drop so watch this space.
Gold is at $US 1,853/oz. The Aussie dollar is steady at $US .711c.
Nationwide residential vacancy rates have fallen to their lowest level in 16 years. The Fin Review is reporting Perth is now down to 0.6%. Market rents are expected to grow another 10% this year.
Call me now to discuss the impact this has on the value of your home or investment property.

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.

Bi Monthly Market Update | Geopolitical tension cause flight to safe assets… good for Gold and Property!