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Bi Monthly Market Update | What a year!

By Jody Fewster

What a year!

  • After a 1.4% rebound yesterday, the S&P ASX-200 ended the financial year down only 10.9%. Although it was the worst year since 2012, it was saved by a great June quarter which is giving analysts hope for a positive start to the new year with higher returns forecast than for bonds or cash.
  • Last week Moody’s kept Australia’s AAA credit rating which means Australia is one of only 10 countries to maintain a AAA rating with all three rating agencies. This illustrious group includes Germany, Singapore, Canada, and Norway.
  • Continuing C-19 outbreaks have driven the safe-haven gold price to an 8 year high $US 1,780.50 (up 12% in just the last quarter).
  • The Australian dollar is trading well on our relative health and economic success at $US .69c
  • Positive signs with construction employment in WA rising 1.5% since April (sitting as the second highest rise in the country behind Tasmania).
  • Housing values declined slightly for a second consecutive month in June (at just -1.1% in Perth) as turnover recovered from April lows weekly property sales transactions reaching over 1000 for the first time since June 2013.
  • After selling over $65 million worth of property last financial year I’m here to get you great results!
  • Call me anytime for a personalised strategic 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.
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