Trend of city slickers moving to the country continues as latest data shows strong flows into Harvey
The trend of city slickers moving to the country is continuing with the latest Regional Movers Index data showing strong migration flows into Harvey.
The report — which uses Commonwealth Bank data — found net migration to regional Australia was sitting 40 per cent higher than the prevailing level pre-COVID, with people moving beyond the traditional commuter belt.
Those people are willing to travel further from the main cities for a lifestyle they prefer, with CBA's acting executive general manager of regional and agribusiness banking Josh Foster saying more investment into Harvey was driving growth.
There is also a trend of farming properties being subdivided into smaller lots, which are snapped up as lifestyle blocks and contributes to increased property prices, with Harvey benefiting from close proximity to Bunbury and Mandurah.
'(The key drivers are) attractive location, competitive housing prices, job opportunities, the ability to still commute if you wanted to, along with the fantastic location,' Mr Foster said.
'Harvey's definitely benefiting from the close proximity to Bunbury and Mandurah.'
It comes as new data from the Domain Sustainability in Property Report 2025 shows energy-efficient homes are not only fetching premium prices, but are massively growing in popularity across the State.
Across Australia, energy-efficient houses are selling for $118,000 more than their counterparts with WA having some of the highest premiums for efficient houses in the country.
Collie leads the way in WA for people looking to get a home offering lower energy bills with an energy-efficiency premium of 23.3 per cent added onto sustainable houses sold in the regional town.
Domain's chief of research and economics, Dr Nicola Powell said the data shows energy-efficient homes are no longer just an ethical choice.
'They're a smart financial choice, particularly given rising energy prices and mounting cost-of-living pressures,' she said.
'Features like solar panels and energy smart designs can add tens, even hundreds of thousands to a home's value, and while new developments have made energy-efficient homes more accessible, there's still more work to be done, especially when it comes to upgrading existing homes and reimagining sustainable living in our major cities.'
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The Advertiser
a day ago
- The Advertiser
Australian shares retreat from highs for second time
The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states. The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9. The top 200 gained roughly one per cent for the week but failed to hold above its record close of 8,555.8 for a second straight day, as investors took profits ahead of a trading break on Monday and two potentially volatile US sessions before the next ASX open. With the local bourse so close to its record, some investors were asking if they were looking at a high-water mark, Moomoo market strategist Jessica Amir said. "With US debt concerns getting louder, investors are questioning whether markets could be due for a haircut," she told AAP. "But I think that'll be tested tonight when we get US jobs data, and if it really is weaker than expected then that will smash sentiment." Nine of 11 local sectors finished lower but energy shares offered some relief, up 0.7 per cent as hopes of resumed US-China trade talks pushed oil prices higher. Brent crude prices are up more than 3.5 per cent for the week, to $US64.86 a barrel, after a phone call between Presidents Donald Trump and Xi Jinping raised hopes for global growth and crude demand from the world's two largest economies. Financials weighed on the bourse, down 0.4 per cent as investors took profits on the banks. CBA was the big four's worst performer on Friday, fading 0.8 per cent after hitting a fresh peak of $182 on Thursday. Zooming out, the sector was up 1.9 per cent for the week and holding above its record close in February. Liquidity rotation from the banks and glimmers of global trade hopes helped push BHP and Fortescue higher, but it was not enough to stop the materials sector from slipping 0.1 per cent after a 1.4 per cent gain for the week. The brighter trade horizon weighed on critical minerals miners after China's export controls pushed them higher on Thursday, leaving Pilbara Minerals (down 5.2 per cent) and Iluka Resources (down 3.8 per cent) among the top 200's worst performers on Friday. Goldminers were a mixed bag all week, as the precious metal continued to chop within a range, with futures at $US3,384 ($A5,210) an ounce. Cryptocurrency Bitcoin slipped almost five per cent overnight but has recovered some of its losses to trade about $US103,200 ($A158,860), with no fundamental catalyst behind the dip, trading platform OKX's Australian boss Kate Cooper said. "The modest 5.6 per cent dip in the global cryptocurrency market cap today reflects broader market volatility, as participants react to the European Central Bank's downward revision of inflation expectations and reassess growth prospects," she said. Qantas was among the ASX's best-performing large cap stocks, up 3.5 per cent to $10.76 as competitor Virgin Australia confirmed it would relist on the ASX on June 24 with an expected market cap of $2.3 billion. Gold explorer and developer Ora Banda took the wooden spoon, down 14 per cent after a production update failed to shine. The Australian dollar is buying 64.97 US cents, roughly on par with Thursday at 5pm, but at the upper end of its recent range against the greenback. ON THE ASX: * The benchmark S&P/ASX200 index finished Friday 23.2 points lower, down 0.27 per cent to 8,515.7 * The broader All Ordinaries fell 26.7 points, or 0.3 per cent, to 8,741.9 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.97 US cents, from 64.96 US cents on Thursday at 5pm * 93.56 Japanese yen, from 93.03 Japanese yen * 56.81 Euro cents, from 56.93 Euro cents * 47.95 British pence, from 47.95 pence * 107.58 NZ cents, from 107.70 NZ cents
News.com.au
a day ago
- News.com.au
‘Uncertain macro backdrop': ASX slips ahead of jobs figures
Cautious investors sold down the ASX on a quiet day of trading on Friday, despite the US and China resuming trade talks, as markets await critical jobs data out of the US. The benchmark ASX 200 index slipped for the second consecutive day of trading falling by 23.20 points or 0.27 per cent to 8,515.70. The ASX200 has now recorded four consecutive weekly gains. The broader All Ordinaries fell during Friday's trading, down 26.70 points or 0.30 power cent to 8,741.90. The Australian dollar also is down 0.21 per cent and is now buying 64.95 US cents. On an overall bleak day on the market, nine of the 11 sectors finished in the red with just energy, industrials and utilities gaining ground. Woodside Energy gained 0.97 per cent to $22.94, while Santos is up 0.61 per cent to $6.58 as the price of Brent crude oil continues to recover over the week's trading. Industrials also had a strong day led by Qantas Airways which jumped 3.46 per cent to $10.76 despite the news Virgin Australia is looking to re-list. Transurban shares also rose 0.63 per cent to $14.38, and Computershares Limited rose 0.83 per cent to $41.08. CBA shares slipped from its record highs down 0.79 per cent to $179.90, Westpac fell 0.24 per cent to $33.18 and ANZ traded 0.44 per cent lower to $29.50. NAB was the only big four bank to finish in the eking out a 0.18 per cent gain and to close Friday's trading at $38.58. eToro market analyst Josh Gilbert said initially there was optimism on the markets following 'very good' trade talks between Washington and Beijing. But this quickly changed after a public spat between former friends President Donald Trump and Tesla chief executive Elon Musk. 'This will provide a hit to overall market sentiment, particularly tech, but may not be long-lasting for anyone other than Tesla,' Mr Gilbert said. The overall lower volumes on the ASX comes as investors await the latest payroll data out of the US. 'The uncertain macro backdrop continues to provide a hurdle for risk-on sentiment, and cooling US economic data is leaving investors unassured,' Mr Gilbert said. 'With the labour market heavily in focus, the print this evening will be essential for market direction.' Mr Gilbert said negative economic data released throughout the week could actually help drive the ASX 200 higher. 'The weaker-than-expected GDP data this week also drives the expectation for further rate cuts, further supporting the market optimism,' he said. In corporate news, Worley shares fell 0.46 per cent to $13.08 despite the business announcing it had won a contract with Glenfarne to help support engineering work on its Alaska LNG pipeline. Shares in gold miner West Cobar Metals soared 60 per cent to $0.024 after announcing it has completed the acquisition of the Mystique Gold Project in Fraser Range, Western Australia.
AU Financial Review
a day ago
- AU Financial Review
Texan investment giant's $1b buy order pumps up CBA's share price
A Texas-headquartered investment manager has spent as much as $1 billion buying up Commonwealth Bank shares over the past fortnight, helping push the market capitalisation of the lending giant over $300 billion. Fisher Investments, founded by billionaire stockpicker Ken Fisher in 1979, manages more than $US299 billion ($459 billion) for thousands of clients. Sources said Fisher was buying on behalf of clients who wanted to increase the exposure of their share portfolios beyond volatile markets in the United States.
