- The latest US jobs data shows their?economy is losing momentum, but this has done little to halt markets.?
- The ABS has just announced that real GPD expanded just 0.1% for the March quarter, dragging annual growth to 1.1%, its weakest since the recession of 1992. The big difference back then, in my mind,?was trying to find a job fresh out of MBA school with an unemployment rate of nearly 11 percent.
- Oil is at a 4-month low of $US 77.5 a barrel after OPEC+'s?decision to taper production. Iron Ore is below $US 108/tonne.?Gold has also trended down over the last ten days.
- This weakness in commodities has weighed on the S&P/ASX 200, which closed back up at 7,769.
- I'm sure the WA government will closely watch the impact of South Australia's removal of stamp duty for first-home buyers on all new builds and existing stock. It's a demand-side policy, and we are more desperately?in need of supply-side?housing incentives.
- Sellers often ask me, should we wait until Spring to sell? The answer is no, not unless you've got 100+?rose bushes. Stock levels are still incredibly low (less than 1,900 houses for sale), so there's a lot?of buyers for your home.?
- Call me today for a confidential discussion on how to maximise the value of your home in the winter months through skilled professional presentation, customised to your?property.
State Manager, Elders Real Estate
9 个月Always enjoy reading your update Jody.