by Marshall Cobb - Principal
Tuesday was plenty of fun for the punters, lunchers and anyone else who could take a sneaky afternoon off work. What we all nearly missed was the RBA announcement to hold interest rates steady for yet another month, on the back of positive economic data.
“The Reserve Bank has pre-empted its own quarterly report by revealing new forecasts,” wrote CommSec’s Craig James. “The economy is now tipped to grow by 3.5% in 2018 and 2019. As a result, the unemployment rate is expected to fall to 4.75% per cent by 2020. Having said that – unemployment could hit this target in the next few months!”
Peter Switzer then chimed in, "the only argument that doomsday merchants can offer to explain why they expect a property crash, a stock market collapse or a recession sooner rather than later is that the RBA Governor Dr. Phil Lowe is a dope and his team of markets watchers are a bunch of clowns". Peter certainly doesn't think that they are a bunch of clowns, and says that they are doing an excellent job managing he economy, given the future growth prediction. For a complete list of the economy’s good news - click here.
This weekend we launch the balance of the apartments in Vision by Northpoint, which is now completed and ready for occupation. Vision has been built with meticulous attention to detail. The apartments have oversize living areas and bedrooms, and some even have wintergarden/sunroom balconies. If you have been waiting for an executive apartment in a boutique building, where rents will be high and strata fees will stay low due to the quality of the materials and thoughtful workmanship, then this is the one for you.