Supply chain disruptions as Omicron affects our workforce…

2 years ago•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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