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Bi Monthly Market Update | WA remains ‘key’ to our country’s success…

By Katy O'Shea

WA remains ‘key’ to our country’s success…

  • Globally there are some concerns that economic growth may be slowing.
  • After a big sell-off last week, the S&P ASX 200 is rebounding with investors “buying the dip”. It closed trading at 7,532 and the Aussie dollar buying $US .723.
  • Although rising last night, Iron Ore has fallen 42% from a record high of US$ 237.57 it reached on May 12. However, at US$145 a tonne it is still well above the long-term average of $70. It’s important to remember that BHP, Rio Tinto and FMG are all built to withstand much lower prices with cash costs for the trio all in the range of $US15 – $20 a tonne.
  • There is no surprise in the latest ANZ Roy Morgan survey showing WA has the highest consumer confidence in the country.
  • I am so very proud of our company for winning multiple honours at the Ray White Awards for client satisfaction, business growth, and sales excellence. To my fantastic team who all work so diligently every day “WELL DONE” in particular for being named Number 2 in the WA network.
  • The number of homes available for sale in the Western Suburbs remains stubbornly low.
  • Don’t hesitate to give me a call and see if your home suits one of my many eager buyers; especially now that Spring is in the air!

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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