Interests Rates “ON HOLD”, Magellan Update, Core Logic March Report, What to Look for when purchasing a property, Solidarity with Ukraine.
What a week we have had. The unprovoked Ukraine War has gone from unbelievable to horrific, Russia now attacking a nuclear power plant and one million Ukraine refugees. Innocent people are dying. Potential War Crimes have been committed. It is one sad time that I am sure many of us would never see. Yet it is happening.
The Global leaders are trying everything to stop the Russian Advance to save Ukraine, both governments and the private sector. Russian Sanctions, global companies are pulling out of Russia, Super Yachts being seized, Chelsea Football Team to be sold and the funds donated to the Ukrainian refugees and the rebuilding of Ukraine. We’ve asked our Financial Planning Specialist to give us some insight into how they see it affecting the global markets. Russian stock exchange is closed, it is the fifth-largest economy in the world, the oil prices will rise, as will energy prices. In the State of the Union Address, Joe Biden assured that “We will be Okay,” as world leaders pull together to think their way out of a looming economic crisis. It will be one interesting few months. We will do our best to keep you informed and up to date. Expect an update from our Financial Specialists over the next week.
The Reserve Bank Of Australia announced that it would put interest rates on hold. The Cash Interest rate will remain at 0.10 percent. The News of Interest Rates being put on hold will be a relief for many. However, we have been warned there is an interest rate rise coming, which we are predicting be in the July or October Quarter.
Magellan is one of Australia's preeminent International Equities Fund managers.
On Monday morning (7/2/2022) Magellan announced to the ASX that effective immediately, Hamish Douglas, their Chairman, and Head of Investments, will take a medical leave of absence to prioritise his health.
His departure follows a well-documented period of intense pressure and focuses on his professional and personal life. Cris Abellar our Financial Planning Specialist Australian Based has written a great update about the Company. To read her full report click on the button below;
Housing Value Index March Report
As promised, we got the March Core Logic Housing Value Index Stats for you. We also obtained obtained information about the stock available in each state or regional areas. The blog is great insight into why the prices are still hot in Brisbane and Adelaide and easing in Sydney and Melbourne.
We caught up with our Property Specialist, Jack Baily, a Property Growth Manager at Milk Chocolate Property. We asked Jack what we should look for when buying an Australian Property?
Here are his five essential Tips for purchasing an Australian Property.
Ask Yourself, is this Australian property a Unique Asset?
Is this Australian Property in the best possible location?
Does this property have character archetypal and charm?
Is it considered a generous block of land for an Australian property in the Area ?
If we're purchasing an apartment, think small
Has the Australian Property been built to a high standard?
We hope your families in Australia are all safe during these unprecedented Super Storm Cells that have ravaged South East Queensland and now New South Wales. Take Care
Take Care, THE EXPATRIATE
The Expatriate always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.
