Sell with Confidence
Read More
News

Bi Monthly Market Update | Tax cuts, rate cuts and an easing of loan rules – Ye-ha for property!

By Jody Fewster

Tax cuts, rate cuts and an easing of loan rules – Ye-ha for property!

  • The Australian Prudential Regulation Authority (APRA) has proposed removing the 7 to 7.2 % serviceability buffer on home loans to stimulate credit growth and ease the housing downturn.
  • The RBA is now widely expected to lower the cash rate at next month’s meeting after national unemployment rose in April to 5.2% even as hiring beat forecasts giving some mixed messages.
  • Growth in mining jobs in WA have some suggesting a skills shortage is looming.
  • Iron ore prices are in focus with the spot price cracking US$100 a tonne for the first time in 5 years on Friday.
  • With the Aussie dollar just under $US .69c our exporters will be jumping for joy.
  • Post-election euphoria continued on markets with the S&P ASX 200 hitting a 12-year high closing at 6500.1 yesterday. Continuing tension between China and the US and slower global trade growth suggest the excitement will subdue over the next few days.
  • With the election uncertainty out the way and a majority government in power, all eyes are turning to an upswing in the property market. Call me now for a plan to get you moving.
Authored by Jody Fewster
Up to Date

Latest News

  • Bi Monthly Market Update | It’s all about Supply… or lack thereof!

    It’s all about Supply… or lack thereof! There’s been little action on markets with the S&P ASX-200 at 6,778.8 and the Aussie down at $US .769. The latest figures on the national unemployment rate are a positive surprise at 5.8%. With housing approvals up 131.9% compared with the same time last year, trade … Read more

    Read Full Post

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

    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 … Read more

    Read Full Post