Travelling in Retirement – 4CRB April Show
Market Wrap
It’s been a month since our last show and inflation continues to be a big issue. However, there has been a halt to rising interest rates for now.
Freight cost has also continued to drop and remain low and building companies are struggling under the huge increase in wage costs. Materials have stabilised but wages are now an issue; we have seen lumber back down to 387 after a spike to 1,500, which means we’re finally back to pre-2021 prices.
Governments are still trying to either stop or slow spending, or increase taxes. In Australia they will cease the rebate for incomes up to $120,000.
Most commodities have decreased in the last 12 months and we believe that mortgage stress in Australia could be on its way once we see many households coming off fixed rates towards the end of the year.
See below for further market commentary and graphs.
