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Bi Monthly Market Update | OECD lifts our Global Growth Forecast…

By Jody Fewster

OECD lifts our Global Growth Forecast…

  • The OECD has upgraded its growth forecast for Australia to 4.5%, whilst forecasting the world’s economy to grow at 5.6% this year – “Global economic prospects have improved markedly in the recent months”
  • China has forecast 6% GDP growth, which bodes well for WA exports.
  • The NASDAQ and our own All Tech index have been hit hard as “ ‘growth’ stock momentum fades as the spectre of higher interest rates looms, favouring value stocks and dividend payers” AFR
  • Interestingly, the S&P ASX 200 has been little affected by the tech drama and is trading at 6771. The Aussie dollar is at $US .766
  • Nationally business confidence rose to its highest level since 2010.
  • As Vaccine rollouts gather momentum around the world, we are looking to a global travel boom – will this further open the door to Australia as a preferred destination both to live and visit?
  • After the 75% fall in investor finance over the last 5 years the rental market remains below 1% vacancy.
  • Activity in the residential property market is frenetic with home opens well attended and competition pushing prices.
  • Call me for a plan to get buyers competing for your home.

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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