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Supply chain disruptions as Omicron affects our workforce…

By Katy O'Shea
  • It has been a volatile couple of weeks on global and Australian equity markets as the impacts of staff shortages are having an effect on productivity and the supply chains.
  • The US Fed is expected to raise rates sooner after the release of December’s meeting Minutes. With inflation figures due out tonight expected to show a jump of 7.1% in growth over the past 12 months, most economists are forecasting at least 3 rate rises in 2022.
  • After soaring in November (up 7.7% for the month), Australian consumer spending has stalled in recent weeks.
  • Goldman Sachs has trimmed its economic forecast to 2% from 2.6% for the March quarter before an expected rebound in spending fuels some “catch-up” in the second quarter.
  • ASX 200 is up today at 7,438 as I type. The Aussie dollar is at $US .72c.
  • ANZ has reported that the rapid rise in the supply of houses for sale in Sydney has reduced prices and they are expecting an overall rise of just 6% this year, which is a sharp decline from last year’s growth of 23.5%.
  • Perth property prices increased 0.4% in December, less than half the national average of 1% and slowing from their August peak.
  • The Western Suburbs has not seen an increase in housing or rental supply, and we remain in a seller’s market which I expect to continue on the back of interstate migration when our borders open soon.
  • Call me to see how much your home or investment property has increased in value.
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.
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