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Bi Monthly Market Update | Fast-Tracked Infrastructure Spending a Boon for WA

ByJody Fewster

Fast-Tracked Infrastructure Spending a Boon for WA

  • The Prime Minister will today announce an $868 million injection into roads over the next four years to boost our local economy.
  • The S&P ASX-200 climbed higher yesterday to close at 6,814.2 (up 20.7% year-on-year to date) after the RBA minutes revealed a rate cut was closer than first thought at the November meeting. Financial sector economists are now predicting another cut in February.
  • All eyes will be on the September quarter growth figures out 4 December.
  • The Aussie dollar is at US 67.97c.
  • US markets continue at record levels while awaiting the minutes of the Fed’s latest policy meeting where the US Central Bank cut interest rates for the third time this year.
  • With east coast house prices increasing, there is some anecdotal evidence that bargain hunters are looking West for cheap opportunity. (Chris Joye AFR)
  • REIWA stats are showing stock levels of houses for sale are down 18.4% year on year.  No wonder buyers are complaining of lack of stock.
  • On a lighter note, if your pampered pooch is the king of the house check out these dog baths and stations.
  • Christmas is coming, call me for a plan to get you moving…
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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