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Bi Monthly Market Update | With our borders soon to be opened – greater demand is at your front door!

By Katy O'Shea

With our borders soon to be opened – greater demand is at your front door!

  • 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

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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