Putin went to China, Biden is in Israel – still some good news…

6 months ago•By Jody Fewster

War in the Middle East and Putin’s recent visit to China has the geopolitical front is in flux.
The release of the RBA minutes with a “Hawkish” tone caused our market to pause, however, it recovered throughout yesterday with the S&P ASX-200 closing at 7056.1.
The Aussie dollar is trading at $US 63.5.
Labour market data out tomorrow is expected to show the unemployment rate holding steady at 3.7% in September.
The RBA will be watching the September CPI figures out next week with economists forecasting a rate rise at their November 7 meeting should CPI be stronger than estimated.
Sweeping changes are proposed to overhaul WA’s planning laws designed to fast-track the supply of new homes. The threshold is being lowered from $10m to $2m so that development approvals for a minimum of 2 lots can be sent straight to DAP thus bypassing local councils.
Stock levels in both the rental and sale market remain stubbornly low.
Call me today to discuss how these tight market conditions are affecting the value of your home or investment property.

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