We still may get a Santa Rally…

1 year ago•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.

Share:

Up to Date

Latest News

1 month 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
2 months 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