The financial planners at Purely Finance are here to help people in the Perth area use investment properties as a vehicle for financial independence. We are here because we believe that property investing provides an unbeatable combination of market stability and the possibility of high returns for those who invest aggressively.
Our Economy So Far in 2016
The year started out with a falling Australian dollar, a stagnant Chinese economy and a falling Australian sharemarket. The All Ordinaries Index gave both investors and consumers cause for concern when it fell 5.4%. This market shrinkage was largely due to falling prices for commodities such as oil, iron ore, wheat and coal.
Since 50% of the Australian foreign earnings in the share market come from commodities, this hit both the market and our foreign trade balance hard. This created mixed results for Australians. Supers took a hit due to so many of them being invested in the sharemarket but petrol has been cheap. This is a trend that has been going on for three years and is expected to carry through to the end of 2016.
The Australian dollar continues to stay around 70 cents compared to the US dollar. This helps our exports, tourism and education industries. Our unemployment rate is still low, hovering around 5.8%. The Chinese economy continues to create many of our economic problems as a close trade partner.
Why Homebuyers and Homeowners Love This Economy
The bottom line: our economy is solid but still exhibits slow growth. This creates low interest rates, which are great for homeowners and property investors. The market for buying homes, whether as an owner-occupier or an investor, is in a large “sweet spot.” Prices are staying relatively flat, while interest rates continue to remain at record lows.
Call the Most Trusted Investment Home Loan Brokers in Perth Today
To learn more or for a free consult, call us today: (08) 9453 8888.