Sell with Confidence
Read More

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

By Katy O'Shea

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.
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