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

1 year ago•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:

We are so lucky to live here…

A seller’s market…

Back to all news

Up to Date

Latest News

2 weeks ago•By Jody Fewster
Is it a market “melt-up”?
There is still little clarity on the geopolitical front. The S&P 500 hit another all-time high and closed above 6,300 for the first time yesterday. Sell signals are starting to flash as valuations are stretched (26 times forward earnings!). Having successfully sold a business to a NASDAQ-listed company in 1998, I … Read more
Read Full Post
1 month ago•By Janelle Drew
RBA Holds Rates Steady as Global Uncertainty Persists and Housing Momentum Builds
The Reserve Bank of Australia (RBA) has chosen to keep the cash rate on hold at 3.85 per cent in its July meeting, defying widespread market expectations of a rate cut. With global trade tensions easing slightly and domestic inflation showing signs of stabilisation, the central bank appears to be … Read more
Read Full Post