Bi Monthly Market Update | Investors are back!

2 years ago•By Jody Fewster

Investors are back!

The RBA left the cash rate on hold yesterday and was upbeat on the economy with unemployment forecast to be 3.75% by year-end.
Russia’s invasion of Ukraine is obviously “a major source of uncertainty” that is driving up inflation faster than expected on the back of soaring energy prices.
4th quarter GDP data out today showed the economy grew by 3.4%, predominantly through increased household consumption as the Eastern States came out of lockdowns. Wages growth was subdued. The weak business investment number was the headwind.
The S&P ASX 200 closed up today at 7,117. The Aussie dollar is at $US .72c.
In February, Sydney house prices fell 0.1% while Melbourne were flat due to an influx of listings.
Perth house prices continue to grow with Corelogic reporting a 0.3% increase in values in February.
Rental growth, tightening vacancy rates and recovering immigration are drawing investors back into the housing market.
Call me to understand how these factors are affecting you and the value of 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.

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