Sell with Confidence
Read More
News

Bi Monthly Market Update | Real Estate Institute calls bottom of market

By Jody Fewster

Real Estate Institute calls bottom of market

  • After hitting record highs last week our market fell 2.2 % yesterday amid a new trade war battle between the US and Brazil and Argentina. The S&P ASX 200 is trading at 6,612 as I type.
  • As expected the RBA kept interest rates on hold at their record low of 0.75% while they watch to see if consumer spending improves over the Christmas period.
  • Australia has recorded is second consecutive current account surplus for the first time in 46 years.
  • All eyes are on tomorrow’s GDP figures which are expected to show a 1.7% year on year gain. This would be a rise but still below the RBA’s target of 2.6% for mid-2020.
  • Corelogic has revealed parts of Sydney have climbed as much as 9.3 % over the last three months. The Real Estate Institute of WA has predicted we have seen the bottom of our market with the 0.4% uptick in median prices in November.
  • This morning’s Financial Review quoted my recent sale at 8A Mosman Terrace, Mosman Park as a benchmark for land values in the area.
  • With Christmas fast approaching we are still receiving requests for marketing plans for the new year.
  • Call me for your plan to get 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.
Up to Date

Latest News

  • Bi Monthly Market Update | What a year!

    What a year! After a 1.4% rebound yesterday, the S&P ASX-200 ended the financial year down only 10.9%. Although it was the worst year since 2012, it was saved by a great June quarter which is giving analysts hope for a positive start to the new year with higher returns forecast than … Read more

    Read Full Post

  • Bi Monthly Market Update | Equities soar on the Feds private debt buying

    Equities soar on the Feds private debt buying Concerns of a secondary surge C-19 in the US and China agitated markets last week, only to rebound yesterday with news the Federal Reserve increased stimulus measures through the buying of private debt. The S&P ASX 200 closed up 3.9% to 5,942.3 and the Aussie … Read more

    Read Full Post