Kiki’s Monthly Market Update – August 2017
| As we come to the end of August, those cold winter days should hopefully start to subside and Sydneysiders can start looking forward to some warmer weather! I’ve been fortunate enough to miss a large chunk of the colder months, having taken a five week break to visit some of my family over in the US and relax on some Caribbean beaches. As is often the case at this time of year, the property market has been fairly quiet with fewer properties for sale and auction clearance rates steady around 70%. These clearance rates are lower than the start of the year so it will be interesting to see how the spring market proceeds. We can now expect the number of listings to start to rise, which typically happens as we move into spring, and I will now be starting to send some of my own listings live.
Turning to the most recent economic information put out by the analysts and although there are some escalating geopolitical situations around the world, activity in the Australian share market has been unusually steady with the market trading in a very narrow channel. We are nearing the end of reporting season and whilst listed companies have generally been releasing stronger profits and increased dividends, the commentators aren’t convinced it is a true reflection of the economy improving. The results are however supported by improvements reported in the labour market with more people in jobs and increases in the number of full-time positions being taken. |
| This newsletter contains general information only as of 29 August 2017. Before making any decision or taking any action that may affect your finances, you should consult a qualified professional adviser. Kiki Bermudez or Mint360property shall not be responsible for any loss whatsoever sustained by any person who relies on the information in this newsletter. To unsubscribe click here |
