Our Response to COVID-19
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 | Real estate to outperform in the medium term

    Real estate to outperform in the medium term Capital and equity markets rallied yesterday on the back of extraordinary Government stimuli across the globe ($123.7 billion in Australia alone). Having dropped 36.8% in the last 22 days, the S&P ASX-200 is up another 3.08% as I type at 4,881. Whilst not calling the bottom, it … Read more

    Read Full Post

  • We’re here for you

    From Deb’s Desk Like everyone else I don’t have a crystal ball to peer into the near future but of course, just like everyone else we at Ray White Cottesloe have been reading and watching all the news in relation to the coronavirus. Things are moving so fast, but we … Read more

    Read Full Post