Perth buyers desperate for homes…

5 months ago•By Jody Fewster

China’s growth is showing signs of slowing – a 27% drop in sales in the property sector in the six months to June isn’t helping. That said, the IMF has upgraded its growth forecast for China to an impressive 5%, second only to India, which is expected to grow at 7%.
Despite emerging signs of weakness in the US economy, the IMF is still forecasting the US to grow at 2.6% (double the anticipated growth in the next strongest G7 nation – Canada at 1.3%). The IMF has slightly cut the Australian growth forecast for 2024 to 1.4%.
Expectations around future interest rate cuts are driving US and Australian equity markets to new highs.
The S&P/ASX 200 is trading close to its all-time high at 8,075 as I type. Aussie Dollar is at US 67.4c with forecasts for US 70c in the coming months
Gold is at an all-time high of $US 2,466 – up 21% this year.
Perth’s rental vacancy rate has eased due to high investor activity (up to 1.25%). Some are saying the standard market vacancy sits between 2.5% and 3.5%.
Perth has run against the national upward trend with new sales listings down year on year by 5.7%
Proptrack’s director of economic research has stated, “Price growth has moderated from recent peaks, but the lack of stock coming to market is likely to result in persistent strong price increases.”
Wondering how all this affects you? Call me for a confidential, obligation-free conversation about the value of your home or investment property.

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. Please click here to read some of my testimonials.

Share:

No rate rise, despite inflation…

Tech stocks drive the US market to new highs*

Back to all news

Up to Date

Latest News

3 days ago•By Matthew Smith
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
1 month ago•By Matthew Smith
Is the Trump Rally coming to an end?…
With all the goodwill around the world, there is sadly little relief in sight in the Middle East and Ukraine right now. The US election result has produced a “Trump Rally” on markets, with the S&P 500 hitting new all-time high on Tuesday and recording +25.34% year to date. The NASDAQ … Read more
Read Full Post