Sell with Confidence
Read More

The markets are hopping… Happy Easter!

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.

Up to Date

Latest News

  • We are so lucky to live here…

    US consumer prices rose 3.1% in the year through January cooling less than had been expected. The S&P 500 was above 5,000 for the first time on Monday putting it into “nosebleed territory” but has since come off after that hotter than expected inflation figure, which has clouded rate cut expectations. … Read more

    Read Full Post