Sell with Confidence
Read More
News

Bi Monthly Market Update | Shares surge…..what trade war?

By Jody Fewster

Shares surge…..what trade war?

  • Our share market has recovered from last week’s correction amid reassurances of extra stimulus from global central banks and fewer concerns of a US recession.
  • The ASX – 200 closed at 6,545 yesterday and is now trading down at 6,481.7 as I type.  Gold was down.
  • The Aussie dollar is at 67.78 cents.
  • As much as Trump is trying to talk down the risk of recession, 74% of US business economists believe the risks emerging from his economic policies mean there will be a recession by the end of 2021.
  • There is no further clarity in the US-China trade negotiations nor on Brexit.
  • Realestate.com.au’s chief economist Nerida Conisbee has been in Perth sharing her thoughts on the Perth market’s positive green shoots of recovery. Nerida assures us we are on the path to a slow uptick. Mining is again at the forefront of the recovery with house prices in Karratha growing by 30%.
  • The Sydney property market is now down 11% from its peak and indicators are suggesting it is bottoming out.
  • We have 15 current off market listings ranging from $1.6 million to $12 million. Call me now to see if we have your next home.
Authored by Jody Fewster | 0414 688 988
Up to Date

Latest News

  • Bi Monthly Market Update | It’s all about Supply… or lack thereof!

    It’s all about Supply… or lack thereof! There’s been little action on markets with the S&P ASX-200 at 6,778.8 and the Aussie down at $US .769. The latest figures on the national unemployment rate are a positive surprise at 5.8%. With housing approvals up 131.9% compared with the same time last year, trade … Read more

    Read Full Post

  • Bi Monthly Market Update | OECD lifts our Global Growth Forecast…

    OECD lifts our Global Growth Forecast… The OECD has upgraded its growth forecast for Australia to 4.5%, whilst forecasting the world’s economy to grow at 5.6% this year – “Global economic prospects have improved markedly in the recent months” China has forecast 6% GDP growth, which bodes well for WA exports. The NASDAQ and … Read more

    Read Full Post