Sell with Confidence
Read More
News

Bi Monthly Market Update | Mixed messages from the worlds 2 largest economies…

By Katy O'Shea

Mixed messages from the worlds 2 largest economies…

  • China had weaker than expected growth of 4.9% in the third quarter down from 7.9% the quarter before. The downturn in the real estate sector and power shortages are held to blame.
  • S&P ASX-200 is up today after strong earnings reports boosted Wall Street overnight. Now at 7,429.5.
  • Energy shortages have driven supply cuts that have pushed base metals to record highs. The price of Iron Ore fell 0.5% to $US123.5 per tonne. The Aussie dollar is up at $US .746
  • The RBA Minutes released yesterday show they won’t be lifting interest rates before 2024 but financial markets are increasingly at odds with this in the face of global inflation pressures.
  • WTI crude oil was up 0.5% at $US 82.85 per barrel last night and all eyes are looking to our inflation figures due out next week.
  • ANZ Roy Morgan consumer confidence index – pointed to future household spending – released yesterday is up 1.3% buoyed by the reopening of Greater Sydney.
  • On the property front, Westpac is forecasting total price growth for Perth of 15% by the end of this year and another 8% next year before prices fall 1% in 2023. A smaller correction than expected interstate.
  • Call me for a perfectly tailored plan ensuring you take every advantage of the current market.

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