Introducing Christine Mount from Luxe Coastal Property Buyers Noosa and SSC. Last chance to catch Adam from Australian Expatriate Finance in HK and Singapore, SJP, Send updates +more
It’s almost Spring! It’s time to think about Aussie Holidays on our stunning Coast. Therefore, we are excited to introduce our latest contributor, Christine Mount, our Sunshine Coast Property Specialist from Luxe Coastal Property Buyers, Noosa's and Sunshine Coast Premier Buyers agent. Christine and her team have 30 years of experience and local knowledge in the Sunshine Coast Region. She has a deep, heartfelt love for her community, Noosa, and the Sunshine Coast, which shines through her podcasts Living Your Luxe Life.
Christine is backed by a Business Degree in Property (Valuations), and began her real estate career selling inner-city homes in Melbourne. She specialised in historic warehouse shells, which allowed buyers to design their dream abode from a blank canvas.
Expanding her career to investment sales, she seized an opportunity to manage strategic property investments in Singapore. Initially overseeing the purchase of $380m in property for private equity investors in Europe and Asia and an SGX-listed fund, she was instrumental in achieving impressive capital growth. By the time she returned to Australia, she had executed over $1.7bn in transactions.
Now embracing her luxe life on the Sunshine Coast, Christine is excited to offer her 30 years of industry expertise to help others do the same
If you’d like to get to know Christine a little bit more, you can read her Bio
For those of you who can’t make it to Australia and need to connect with a Mortgage Broker who specialises in helping Aussie Expats, Adam Kington, from Australian Expatriate Finance, is in Hong Kong and Singapore this week to meet face-to-face with his clients. If you’d like to catch Adam in HK, please email him directly; he might have some space for you. Or book a complimentary meet and greet session for when he returns to Australia.
Adam has also written a blog with five tips on why now is a great time to get organised and chat with your mortgage broker.
Financial Markets
St James’s Place shared its valuable market insights with our community in the SJP “Week Watch.” This week, SJP will delve into the intricacies of the global financial markets, share practical tips to enhance your wealth management strategies and present the week's informative graph, which offers crucial data for consideration. This week’s blog covers the following points;
Potential US recession, recovery and inflation.
UK GDP growth, inflation and interest rate cuts.
Japanese Equities.
Wealth Check: Why do start-ups fail?
Limited companies: separate your personal and business finances
Graph of the week: Past performance is not indicative of future performance
Property Insights
Lauren Staley, our Melbourne Property Specialist from Infolio Property Advisors, also shared her expert opinion on why valuing a property in the current property market is so hard.
Valuing property in today's market is extremely challenging, even for real estate agents, who are sometimes accused of underquoting. So, is it underquoting? We would argue it isn't. Rather, it results from undersupply and high demand in certain market pockets. For instance, last week in Surrey Hills, a property with a quoted range of $2,000,000 to $2,200,000 saw a heated auction with over 20 bids, ultimately selling for $2,737,000. While the property sold well above the quoted range, the real estate agent wasn’t intentionally underquoting; they underestimated how fiercely contested it would be at auction. Examples like this underscore the importance of seeking professional advice before buying property in today’s market. It’s often the biggest financial decision of your life, and it's crucial to make it wisely.
We are excited to have the latest Send Payments International Currency Update on 26th August 2024.
In the news! 🌏 – Market conditions and what to look out for this week 🗓️
AUD/USD
Fed Chair Jerome Powell said the "time has come" for interest rate cuts.
The US Dollar (USD) will likely remain under pressure after US Federal Reserve Chairman Jerome Powell’s dovish Jackson Hole speech.
The US Durable Goods Orders for July are due later on Monday.
Fed Chair Powell spoke at the Kansas City Fed's annual economic symposium in Jackson Hole on Friday, stating, "The time has come for policy to adjust.” Powell did not specify when rate cuts would start or how large they might be, but the markets expect the Fed to announce a quarter-point rate cut in the September meeting.
The FOMC Minutes from the July meeting showed that a “vast majority” of Fed officials believe a September cut would be appropriate as long as there were no data surprises.
Following Powell’s speech, Philadelphia Fed President Patrick Harker said that the US central bank needs to lower rates methodically. Meanwhile, Chicago Fed President Austan Goolsbee noted that monetary policy is currently at its most restrictive level, and the Fed’s focus is shifting towards achieving its employment mandate.
The RBA’s hawkish comments might cap the AUD's downside soon.
The expectation of the Fed rate cut is likely to exert some selling pressure on the USD and create a tailwind for AUD/USD.
The Expatriate always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.
