The markets are hopping… Happy Easter!

1 year ago•By Jody Fewster

Renewed rate cut expectations triggered a global rally in equities that pushed benchmarks from the US to Japan and Europe to record highs last week.
The S&P ASX/200 is within 51 points of its record. Now trading at 7,802 as I type. I suspect there will be some profit taking later in the week.
I am less bullish on the chances of our interest rates coming down before the end of the year end due to our “sticky” services inflation and low unemployment rate of 3.7%.
Today’s AFR reports that, “Perth posted the sharpest increase in the share of profit-making sales at 91.6%, reflecting the city’s strong showing over the past 12 months. At this level, the Perth market is now more profitable than Melbourne”.
We are still under 4,000 properties for sale in Perth, and this time last year it was 7,335.

Call me today for a personalised plan to get you moving.

Share:

Up to Date

Latest News

1 week ago•By Janelle Drew
RBA Holds Rates Amidst Economic Uncertainty
The Reserve Bank of Australia held the cash rate steady at 3.60 per cent on Tuesday, adopting a cautious stance as mixed economic signals create uncertainty about the appropriate policy response. Balancing Inflation and Employment The decision to hold reflects the central bank’s careful approach when facing conflicting economic indicators. … Read more
Read Full Post
4 weeks ago•By Property Management
Building Insurance: Protecting Your Investment Property
As a landlord, protecting your investment property is about more than just securing tenants and collecting rent. Ensuring you have the right building insurance in place is essential to safeguard your asset against unexpected events such as fire, storm damage, or structural issues. At Ray White Cottesloe | Mosman Park, … Read more
Read Full Post