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We still may get a Santa Rally…

By Jody Fewster
  • Corporate America is in good shape with third quarter earnings season showing a better-than-expected +5.4% change in the S&P 500 year-on-year.
  • We are not the only country suffering a housing shortage. The US is also in crisis with vacancies at all-time low of 0.8%.
  • If data on the economy and inflation prove hotter than expected, the RBA minutes have flagged the potential for another rate rise (most likely in February if at all).
  • Yesterday the Aussie dollar hit a four-month high of US 65.8c off the weaker greenback as investors bet that US rates have peaked.
  • Iron Ore hit a nine-month high (above $US 130/tonne) on expectations of more economic stimulus in China.
  • Resource and energy stocks pushed the S&P/ASX 200 up yesterday to 7,078. We are down today.
  • On the local housing front, stock levels remain extremely tight. There are only 2,500 homes for sale in Perth and there are only 1,300 houses you can rent.
  • Call me today to see how this skin-tight market affects you and your home value.
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    Geopolitical tensions remain high, with flare-ups in several countries and new uncertainty in the Middle East. China announced moves to shore up its property market by removing the floor on mortgage rates, cutting the minimum down payment requirements for individual home buyers, and encouraging local governments to acquire homes and convert them … Read more

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  • Residential property leads real estate for investment returns…

    Residential property leads real estate for investment returns… Nothing has cleared on the geopolitical front, with tensions in the Middle East, Russia, and Ukraine, as well as between China and Australia. Commodity prices are still very strong, with Copper close to US $10,000/tn, Gold US $2,323/oz, Silver US $27,455/oz, and Iron Ore US $119/tn. All … Read more

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