• Geopolitical tensions in the Middle East and Europe continue, and much of the world’s shipping is now redirected through the Suez Canal, which is increasing costs (i.e. inflationary!).
• China’s more modest-than-expected stimulus plans announced Tuesday saw the Iron Ore price retreat, with futures now trading at $US104 a tonne.
• Gold, considered a safe-haven asset, also moderated after hitting an all-time high of $2,708.7 nine days ago with strength in the US dollar and revised expectations for a lower speed of US rate cuts being the causes.
• Strength in the US market was evident in September, with 254,000 jobs added and the unemployment rate dipping back to 4.1%.
• The Reserve Bank of New Zealand has cut its cash rate by 50 basis points to 4.75% in line with expectations, as inflation figures returned to the bank’s target range of 1-2%.
• I was intrigued to learn from the ABS that 71.5% of investment property owners own 1 investment property, and 18.9% own 2. That means less than 10% of property investors have more than two properties— it’s still very much the domain of everyday mum and dad investors trying to get ahead.
• WA bricklaying prices have jumped to $3 a brick, which is another sign of sticky inflation.
• The number of houses for sale in Perth has increased to just under 2,700, but total stock levels are still at historic lows.
• I can’t believe it is already October! So, call me today for a plan to make the most of the run up to Christmas and getting you the best price for your home.

by Jody Fewster