• US markets were firmer with the nomination of Jerome Powell for a second term as US Fed Chair with Dr Lael Brainard nominated vice-chair. The team are seen as steady hands with inflation running at 31 year high and rates expected to rise mid next year.
• WA continues to surge ahead with Woodside’s announcement of the Scarborough gas field.
• China hinting at further stimulus pushed the miners up yesterday. The ASX-200 closed today at 7,399. The Aussie dollar is down at $US .72.
• WA is expecting a huge pick up in immigration once our borders re-open that will further fuel housing demand, right at a time when supply is already struggling to keep up due to other labour shortages in the building industry.
• Rising interest rates will calm the East Coast property market but WA is in such a strong position coming off a lower base, with the supply of properties for both rent and sale so low, we will continue to see increases in prices.
• Most importantly, my fabulous team Monica Cherry, Tammy Howard and Ethan Siegmund and I are all still hard at work and will be all the way up to Christmas so call me to see how we can assist you; needing to move – just looking – pondering the market – we are all here for you – 24/7 so never hesitate to call.

Authored by Jody Fewster