Sell with Confidence
Read More

Bi Monthly Market Update | Perth house prices still growing..

By Katy O'Shea

Perth house prices still growing…

  • Inflation figures out today showed CPI grew 2.1% in the March quarter and 1.8% in the June quarter with the annual figure coming in at 6.1% to June. With the rate of increase falling some are now calling inflation has peaked.
  • The RBA is still expected to raise the cash rate by 50 basis points at their next meeting and all eyes are on the Federal Reserve to see what they do next week.
  • The S&P ASX-200 closed up today at 6827.0 and the Aussie dollar fell on the CPI news – now at $US .694c
  • Walmart, a bellwether for US consumption (a key driver of economic growth) surprised markets with a cut to its profit forecast. On the plus side for reporting season 75% of US companies have reported profits higher than expected.
  • Perth CBD retail vacancy hits record highs of 20.6%.
  • The Australian is reporting housing prices across the nation are set to fall by as much as 15% by the end of 2023. The correction follows a 34% increase in housing values from February 2020 to June. Perth is the stand-out which is still growing.
  • With school holidays over, it’s time to think on your next move. So, call me for a confidential discussion on where to next!
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