Bi Monthly Market Update | On the precipice of demand – we remain Australia’s most affordable market… - News

On the precipice of demand – we remain Australia’s most affordable market…

After a big sell-off over the last two weeks, equity markets recovered as fears and uncertainty over Omicron eased. The S&P ASX – 200 is up another 1.25% today at 7,405.
The RBA kept interest rates on hold in their last meeting of the year. The economy is rising faster than expected and with wages only rising 2.2% in 2021 they will wait for 3% wages growth and inflation sustainably within their 2-3% target range before lifting rates. They are patient – the RBA last raised rates 11 years ago!
After falling below $US 70c for the first time in a year, the Aussie dollar has risen to $US 71c.
The IMF has put pressure on Treasurer Frydenberg to undertake serious tax reform including cutting the corporate tax rate, increasing and/or broadening GST whilst compensating low-income earners and switching from stamp suty to an annual land tax to encourage people to move for jobs.
The latest Ray White Now is out with Nerida Conisbee providing great advice on Why to Sell in Summer.
REIWA is forecasting a 10% rise in Perth property prices for 2022.
Increased supply of homes for sale on the East Coast has not been replicated in Perth and we are anticipating a sizeable increase in interstate demand when our borders reopen.
Call me to see how this demand and supply scenario plays out for your personal advantage.

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 | On the precipice of demand – we remain Australia’s most affordable market…