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This is why the property market isn’t slowing down

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According to the PropTrack’s Property Market Outlook August 2023 Report, the national property market in Australia is expected to witness an increase of up to 5% by the end of 2023.

The report analyzes consumer behavior by extracting property market data from the 12.1 million Australians who visit realestate.com.au each month. It indicates that the property prices have already experienced a 2.3% increase in the first six months of 2023.

Despite rising interest rates and relatively low wage growth, the property market has shown resilience this year.

The report attributes the price growth to a lack of supply of available properties for sale, leading to buyer competition. The forecast suggests that larger capital cities are expected to witness greater growth.

Houses in Brisbane and Adelaide have experienced the strongest gains so far, and the report projects prices to increase between 3% and 6% across the combined capital cities on an annual basis.

With the exception of Hobart and Darwin, all capital cities are expected to see positive price growth in the remainder of 2023.

Looking ahead, the report acknowledges challenges in forecasting the direction of the property market beyond 2023.

2024 uncertainty

A significant number of fixed-rate borrowers’ mortgages are set to expire from current interest rates of around 2%, potentially resetting to around 6%, which could impact borrower repayments in 2024. The outlook for 2024 remains uncertain, and the report forecasts modest price growth in that year.

Unemployment remains a key risk to the property market’s stability, as people’s ability to pay off housing largely depends on having a job and income. Official forecasts predict a rise in the unemployment rate, although the jobs market has been resilient so far.

The report highlights the need for a supply-side response to improve affordability, emphasizing the importance of structural fiscal and monetary policy reform in shaping the property market’s future.

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Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

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Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.


Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

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U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.


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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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