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November 2024

November 28, 2024

In November 2024, the Australian and the US share market demonstrated a strong upward trend, largely influenced by positive economic indicators and a rally in US markets following Donald Trump's election victory, which boosted investor confidence in anticipated pro-business policies. Conversely, the Australian residential property market showed signs of cooling, with a modest increase in home values and declining sales activity attributed to rising borrowing costs and affordability challenges. The Reserve Bank of Australia maintained its cash rate amid ongoing inflation concerns, while mixed forecasts regarding future interest rate movements highlight uncertainty about economic growth and the potential impact of US policies on Australia’s economy.


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October 2024 January 2025

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0424 969 228
andrew.potts@pottsfinancialservices.com
1910/15 Caravel Lane Docklands VIC 3008
PO Box 23017 Docklands VIC 8012

Licence Details

Andrew Brian Potts is an authorised representative (468035) of Shartru Wealth Management Pty Ltd (ABN 46158 536 871 | AFSL 422409).

Potts Financial Services Pty Ltd is a corporate authorised representative (470850) of Shartru Wealth Management Pty Ltd (ABN 46158 536 871 | AFSL 422409).

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