Sell with Confidence
Read More
News

Bi Monthly Market Update | Perth’s median house price hits a new high!

By Jody Fewster
  • The RBA kept rates on hold at 4.1% yesterday, which saw the S&P ASX-200 climb .54% to 7,450.
  • Today our market is down after “Fitch downgraded the US sovereign debt rating to AA+ from AAA on an “erosion of governance”, because of “the repeated debt-limit political standoffs and last minute resolutions””. (The Australian)
  • It wasn’t great news for the Aussie dollar, which fell to US .66 (down 1.54%).
  • The Bureau of Statistics has reported a 20% annual slump in new home loans for both owner occupiers and investors, showing the market for mortgages remains weak and that borrowers are doing it tough.
  • Perth’s median house price rose to a new high of $560,000 in July, up 0.9% higher than in June and 4.7% higher than a year ago. The previous peak was $545,000, set in 2014.
  • Now is the day to call me for the perfect plan to get you sold in Spring.

Authored 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.

Up to Date

Latest News

  • No rate rise, despite inflation…

    Geopolitical tensions have only intensified over the last few weeks plus trade friction is also a concern between China, Europe and the US. There has been a global market sell off with investors unsettled by rising interest rates in Japan and a weakening US economy as signalled by their rising unemployment rate … Read more

    Read Full Post

  • Perth buyers desperate for homes…

    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 … Read more

    Read Full Post