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

Overseas interest in Perth’s property surges – from new sources…

•By Jody Fewster
  • The IMF has upgraded its forecasts for world growth to 3.1% this year, although Australia’s is expected to be 1.4% in 2024 and 2.1% in 2025.
  • With annualised growth coming in at 3.1% for the US – the strongest of any major advanced economy – it doesn’t look like the Fed will cut their rates any time soon. Interestingly, 3.1% is still slower than the 3.8% average global growth over the past two decades (Axios).
  • The S&P 500 reset its record on Tuesday.
  • Unphased by sluggish retail sales, the Aussie dollar was up yesterday at $US .657.
  • Just out, CPI shows inflation has slowed to 4.1% in the year to December quarter from 5.4% in September. Whilst moving in the right direction it’s still well above the RBA’s target of 2-3% so I don’t think our rates will change at their next meeting next Tuesday.
  • The S&P/ASX 200 is up on the news and within reach of a record high as I type. All eyes on February’s reporting season with expectations of flat interim earnings growth.
  • Supply of rental properties have plummeted to half the 10 year average of properties that would normally be available. This is a bigger proportion than any other state (REA PropTrack).
  • The Government has quietly abandoned the Significant Investor Visa or “888” which had bought property investors from China.
  • Overseas interest in WA’s property market surged 20% in 2023 with most searches coming from Britain, NZ, USA, Singapore and Indonesia.
  • Call me today to create a totally personalised plan to get your home or investment property in front of these buyers.
Share:
Back to all news
Up to Date

Latest News

  • •By Property Management

    Building Insurance: Protecting Your Investment Property

    As a landlord, protecting your investment property is about more than just securing tenants and collecting rent. Ensuring you have the right building insurance in place is essential to safeguard your asset against unexpected events such as fire, storm damage, or structural issues. At Ray White Cottesloe | Mosman Park, … Read more

    Read Full Post

  • •By Property Management

    Tax Depreciation: An Untapped Benefit for Property Investors

    Owning an investment property is not just about collecting rent, it is also about making the most of the financial benefits available to you as a landlord. One of the most valuable yet often overlooked opportunities is tax depreciation. By claiming depreciation, landlords can significantly reduce their taxable income and … Read more

    Read Full Post