RBA On Summer Holiday as the Perth property market remains subdued – Matt Garmony, Licensed Valuer
Saturday, January 22nd, 2011The Financial Review reported the RBA is content with its current interest rate policy and moderate inflation as it takes a break over the Christmas period, however is moderately concerned about the European Sovereign Debt crisis. If inflation grows in early 2011, we believe there may be further interest rate rises in early to mid 2011, which may continue the subdued property market conditions. The only positive factor is economist are predicting low unemployment and housing shortages which may have a positive influence on the property market.
Read moreWestern Australian Economy slows – Matt Garmony, Licensed Valuer
Tuesday, January 18th, 2011Economists are reporting the Australian economy is slowing with a narrowing trade surplus and a high Australian Dollar, despite the rising job ads for the eighth consecutive month. With the recent flood crisis in Queensland and eastern Australia, Gross Domestic Product (GDP) is predicted to fall in the early part of 2011. As a consequence, we are of the opinion the Perth property market will continue the subdued market conditions into the early part of 2011, with local agents reporting less first home buyer’s activity, even with a slight increase in the number of new home loans in the ...
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