Sell with Confidence
Read More
News

Bi Monthly Market Update | Perth’s housing stock remains stubbornly low…

By Jody Fewster

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 …
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. Please click here to read some of my testimonials.
Up to Date

Latest News

  • We are so lucky to live here…

    US consumer prices rose 3.1% in the year through January cooling less than had been expected. The S&P 500 was above 5,000 for the first time on Monday putting it into “nosebleed territory” but has since come off after that hotter than expected inflation figure, which has clouded rate cut expectations. … Read more

    Read Full Post