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Bi Monthly Market Update | The Bulls are running and the Rat is coming….

By Jody Fewster

The Bulls are running and the Rat is coming….

  • The S&P ASX-200 closed slightly lower yesterday (7,066) after a bull run that saw record highs being recorded day after day. We are now the world’s most expensive with PE ratios at more than 18 times (20% above the long term average). With multiples at record highs will investors look to real property? Cash is certainly not an option.
  • After rising 18.4% last year (it’s best performance since 2009), the ASX 200 is up nearly 6% already this year.
  • Financial markets see a 55% chance of the cash rate being cut to 0.5% on February 4.
  • All eyes will be on key employment figures released on Thursday. Most economists expect the unemployment rate to remain unchanged at 5.2%.
  • The Aussie dollar is at $US .686c
  • We’re entering into the Chinese Year of the Rat, so a happy Lunar New Year to everyone and have a great and safe Australia Day this weekend.
  • There are 12,562 properties for sale in Perth at present which is 24% lower than levels seen a year ago; so no wonder buyers are complaining of a lack of stock.
  • Call me to see if I have your Buyer in my extensive database.
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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