• There’s been little action on markets with the S&P ASX-200 at 6,778.8 and the Aussie down at $US .769.
• The latest figures on the national unemployment rate are a positive surprise at 5.8%.
• With housing approvals up 131.9% compared with the same time last year, trade delays, rising costs of materialsand shortages of specialist labour are hitting home builders.
• House prices in Sydney and Melbourne are reaching record highs with Sydney alone rising 1% a week.
• REIWA President Damian Collins said, “Perth prices are down 20% compared to five years ago and we will make that up within 2 years”. He also predicts it will take 18 months for a balance to return to our market with the supply of residential housing the tightest in a decade.
• The moratorium on rent increases ends Sunday, March 28 and most predictions are for a 20% rise in rents.
• The combination of the rental shortage and rises in property prices will encourage investors back into the market.
• So, have a happy and safe Easter next week.
• It’s time to call me for your personalised plan to maximise the competition vying for your home.

Authored by Jody Fewster