Sell with Confidence
Read More
News

Bi Monthly Market Update | Tax cuts, rate cuts and an easing of loan rules – Ye-ha for property!

By Jody Fewster

Tax cuts, rate cuts and an easing of loan rules – Ye-ha for property!

  • The Australian Prudential Regulation Authority (APRA) has proposed removing the 7 to 7.2 % serviceability buffer on home loans to stimulate credit growth and ease the housing downturn.
  • The RBA is now widely expected to lower the cash rate at next month’s meeting after national unemployment rose in April to 5.2% even as hiring beat forecasts giving some mixed messages.
  • Growth in mining jobs in WA have some suggesting a skills shortage is looming.
  • Iron ore prices are in focus with the spot price cracking US$100 a tonne for the first time in 5 years on Friday.
  • With the Aussie dollar just under $US .69c our exporters will be jumping for joy.
  • Post-election euphoria continued on markets with the S&P ASX 200 hitting a 12-year high closing at 6500.1 yesterday. Continuing tension between China and the US and slower global trade growth suggest the excitement will subdue over the next few days.
  • With the election uncertainty out the way and a majority government in power, all eyes are turning to an upswing in the property market. Call me now for a plan to get you moving.
Authored by Jody Fewster
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