Perth’s housing stock remains stubbornly low…

• All eyes are on Friday’s economic symposium in Jackson Hole Wyoming where the Fed’s chairman, Jerome Powell, will speak about the future of US interest rates with a backdrop of US inflation drifting downward, but the job market remaining robust.
• We are being warned Australia is facing a new era of slower growth and higher taxes as a result of an older population and less productive economy. A problem many countries are facing, however it’s here at home that must ultimately concern us.
• Our market has been down over the last few weeks with the S&P ASX-200 closing at 7,148 today.
• The recent Aussie dollar weakness is due to lower interest rates that we are seeing overseas and fears about China’s slowing economy affecting commodity prices.
• The Aussie dollar is slightly above US.64c.  For context, over the last 25 years, our Aussie dollar spent 75% of its time between US65c and US90c.
• Iron Ore is at $US108.63 and Gold at $US1,897.63.
• Troubling, Australia’s new housing stock has been growing at 1.5%, well short of the 2.5% growth in the Australian population.
• The number of properties available for sale in Perth is 5,205 this week, down from 8,479 the same week last year.
• Call me now to discuss how these factors can be worked into a successful personalised plan to get you moving …