Menu
Sell with Confidence
Read More
CloseCottesloe Mosman Park
Loading...
Contact Us
News

It’s all about the US Bond Market…

•By Jody Fewster
  • US bond yields are up on expectations of further interest rate tightening – the “higher-rates-longer” narrative has the 10-year Treasury yield up to 4.78% which is the highest level since 2007.
  • As expected, the RBA kept rates on hold at 4.1% in their first meeting under new Governor, Michelle Bullock.
  • The S&P ASX-200 hit a 6-month low yesterday to close at 6943.4 and has now given up all this year’s gains.
  • The Aussie dollar fell nearly 7% to hit an 11-month low against the Greenback on the interest rate differential.
  • Interestingly, for all the talk around Lithium, prices are actually “spiralling down towards the lowest level in 2 years on concerns over Chinese demand”.
  • The unemployment rate has held steady at a near 5-month low of 3.7% in August.
  • Cygnetwest research shows our population growth continues to go from strength to strength with Perth now boasting a population of 2.86 million with 78,000 new residents in the last quarter.
  • However, WA builders only managed to complete 15,000 homes last year down from the 10-year average of 22,000-24,000.
  • ABS data out yesterday saw investor loans in WA increase 14.1% over the month compared with 2.2% nationally. I hope this translates to more rental stock.
  • Notably, according to CoreLogic, Perth property prices are up 8.8% over the past year.
  • Property listings have hit a 30-month low plunging below the 5,000 mark (4,931) for the first time since the 1990’s (that’s 39.5% lower than a year ago). For context, when I started selling in 2009, there were 17,000 properties for sale.
  • Call me today for a customised plan to maximise your sale price and take advantage of these tight market conditions.
Share:
Back to all news
Up to Date

Latest News

  • •By Jody Fewster

    Residential property leads real estate for investment returns…

    Residential property leads real estate for investment returns… Nothing has cleared on the geopolitical front, with tensions in the Middle East, Russia, and Ukraine, as well as between China and Australia. Commodity prices are still very strong, with Copper close to US $10,000/tn, Gold US $2,323/oz, Silver US $27,455/oz, and Iron Ore US $119/tn. All … Read more

    Read Full Post

  • •By Jody Fewster

    The markets are hopping… Happy Easter!

    Renewed rate cut expectations triggered a global rally in equities that pushed benchmarks from the US to Japan and Europe to record highs last week. The S&P ASX/200 is within 51 points of its record. Now trading at 7,802 as I type. I suspect there will be some profit taking … Read more

    Read Full Post