Menu
Sell with Confidence
Read More
CloseCottesloe Mosman Park
Loading...
Contact Us
News

It’s all about the US Bond Market…

•By Jody Fewster
  • US bond yields are up on expectations of further interest rate tightening – the “higher-rates-longer” narrative has the 10-year Treasury yield up to 4.78% which is the highest level since 2007.
  • As expected, the RBA kept rates on hold at 4.1% in their first meeting under new Governor, Michelle Bullock.
  • The S&P ASX-200 hit a 6-month low yesterday to close at 6943.4 and has now given up all this year’s gains.
  • The Aussie dollar fell nearly 7% to hit an 11-month low against the Greenback on the interest rate differential.
  • Interestingly, for all the talk around Lithium, prices are actually “spiralling down towards the lowest level in 2 years on concerns over Chinese demand”.
  • The unemployment rate has held steady at a near 5-month low of 3.7% in August.
  • Cygnetwest research shows our population growth continues to go from strength to strength with Perth now boasting a population of 2.86 million with 78,000 new residents in the last quarter.
  • However, WA builders only managed to complete 15,000 homes last year down from the 10-year average of 22,000-24,000.
  • ABS data out yesterday saw investor loans in WA increase 14.1% over the month compared with 2.2% nationally. I hope this translates to more rental stock.
  • Notably, according to CoreLogic, Perth property prices are up 8.8% over the past year.
  • Property listings have hit a 30-month low plunging below the 5,000 mark (4,931) for the first time since the 1990’s (that’s 39.5% lower than a year ago). For context, when I started selling in 2009, there were 17,000 properties for sale.
  • Call me today for a customised plan to maximise your sale price and take advantage of these tight market conditions.
Share:
Back to all news
Up to Date

Latest News

  • •By Jody Fewster

    Is there “fog on a runway”?

    The S&P/ASX 200 hit a fresh intraday record this morning at 8639.1 on encouraging news of a trade truce between the US and China. Trump now seems focused on the Art of Distraction over the Art of the Deal. The Aussie dollar is now at US .651c (up 8% since April) and … Read more

    Read Full Post

  • •By Jody Fewster

    It’s all eyes on the US for 2025!

    Anti-incumbent sentiment has seen the leadership of the world’s richest economies in turmoil. After France, came the collapse of the German government. Both Canada and South Korea are in turmoil. Italy, of all places, looks stable. Go figure! Geopolitical tensions in the Middle East are continuing with the initial joy over the freedom … Read more

    Read Full Post