Australian house prices on the upswing again – seven things to bear in mind about the Australian property market

  Australian house prices on the upswing again – seven things to bear in mind about the Australian property market   Key points Expect average Australian home prices to rise 5-10% this year and next as ultra-low interest rates and economic recovery feed through. However, the outlook is divergent – with houses expected to outperform units and smaller cities and regional property expected to play catch up. The drivers of the long-term property bull market …

Econosights: The importance of domestic tourism for the Australian economy

Econosights: The importance of domestic tourism for the Australian economy   Key points Domestic tourism is worth more to the Australian economy (at over 4% of GDP) compared to how much international tourists bring into Australia (at 1.3%). And, Australian spending on overseas trips is worth twice the value of international tourist spending within Australia. So, there is potential to offset the loss of activity from international tourism (especially if the borders stay closed through …

Market Update 18 December 2020 | AMP Capital

Market Update 18 December 2020 Investment markets and key developments over the past week Global share markets pushed higher again over the last week as the roll out of vaccines and US stimulus optimism offset uncertainties about the near-term impact from lockdowns. While the latest coronavirus outbreak in Sydney weighed on Australian shares on Friday, the local share market still rose for a seventh week in a row helped by the positive global lead and stronger …

What could a Biden Presidency mean for market outcomes?

What could a Biden Presidency mean for market outcomes? Market performance in the wake of the US election has been overwhelmingly positive, with Australian and US shares up 11% in November, Japanese shares up 16% and Eurozone shares up 17%. It’s somewhat of an ironic note, given Donald Trump’s fondness to cite stock market strength as indicators of his own economic success, and yet it’s gone up on news of his election loss. There are …

Market Update 11 December 2020

Market Update 11 December 2020 Investment markets and key developments over the past week Global share markets had a slight pull back over the last week with the absence of a new stimulus deal and still rising new coronavirus cases in the US weighing. Despite this, Australian shares rose for the sixth week in a row, albeit it was only a small gain, with a surge in the iron ore price and higher oil prices pushing …

Market Update 04 December 2020

Market Update 04 December 2020 Investment markets and key developments over the past week Global share markets mostly pushed higher again over the last week helped by reasonably good economic data, renewed stimulus talk in the US and ongoing vaccine optimism. Eurozone shares slipped a bit, but other major markets rose with US shares reaching a new record high. Reflecting the strong global lead, stronger than expected Australian economic data and a surging iron ore price …

Market Update 27 November 2020

Market Update 27 November 2020 Investment markets and key developments over the past week Global share markets pushed higher again over the last week as positive vaccine news helped offset fears about the short-term economic impact of lockdowns in the US and Europe. US shares made it to a new record high as President elect Biden’s nomination of Janet Yellen as Treasury Secretary was seen as positive. Reflecting the positive global lead Australian shares had a …

Market Update 20 November 2020

Market Update 20 November 2020   Investment markets and key developments over the past week While the US S&P 500 fell slightly over the last week on the back of rising new coronavirus cases and tightening restrictions in the US, other major global share markets rose helped by good vaccine news. Australian shares continued to recover with hopes that quick action will limit a covid outbreak in South Australia and as economic data continued to surprise …

Market Update 13 November 2020

Market Update 13 November 2020 Investment markets and key developments over the past week Global share markets rose further over the last week helped by positive news regarding a vaccine for coronavirus but gains were reduced later in the week by rising US coronavirus cases and the threat this posed to the economy with no progress on more fiscal stimulus. Australia shares rose sharply again helped by the positive global lead, a surge in energy stocks …

Market Update 6 November 2020

Market Update 6 November 2020 Investment markets and key developments over the past week Global share markets rebounded over the last week as a resolution of the US election came into sight offering more fiscal stimulus, less trade wars and likely avoiding US tax hikes. While the rebound in shares may be surprising given that the election is not fully resolved yet, US shares typically rally after close elections as we move into the stronger …