Congratulations 🙌🏽 to St. James’s Place (SJP) Asia and Middle East for your highly successful launch in the dynamic market of the United Arab Emirates. Even the heavens opening couldn't dampen the spirits and excitement that filled the atmosphere in the vibrant city of Dubai. Like SJP Asia/UAE, the event was fluid and inventive; therefore, they had a backup plan for rain, even in the desert! The event was swiftly moved indoors; sadly, the fireworks 🎇were cancelled, but the party 🥳 continued. We wish SJP Asia/UAE all the best on your new journey in the region; keep an eye out for more SJP events.

If you are based in the UAE and would like to connect with the SJP Team, feel free to reach out to our UAE Financial Planning Specialists, Sharon Calderini and David Gardner. They’d love to hear from you.

If you missed the THE EXPATRIATE Team in London, Dubai and Abu Dhabi and would like access to the slide deck, please email the team, and we will share it with you. Remember, you don’t know what you don’t know.

The jet-setting Adam, our TE Mortgage Specialist, touched down in Australia for a week. He is currently in Hong Kong and Singapore for face-to-face appointments with his clients and to connect with the Australian Expat Community.

Next is the Australian Property Market Update for the 1st of November, 2023.

Thank you, CoreLogic Australia, for sharing your national Home Value Index (HVI) report and critical insights on the Australian Housing market with our community.

The 1st November report recorded that the national HVI rose a further 0.9% in October, accelerating from a 0.7% rise in September (revised down from 0.8%).

Does this mean the Australian housing market has fully rebounded from its recent losses in January? The report found the national HVI has increased 7.6%, leaving the index only half a per cent below the historic high recorded in April last year.

CoreLogic’s research director, Tim Lawless, noted a nominal recovery in the national index is likely to be just around the corner.  

“At this rate of growth, we will see the national HVI reach a new record high mid-way through November, recovering from the -7.5% drop in values recorded over the recent downturn between May 2022 and January 2023.”

CoreLogic’s research director, Tim Lawless

To learn more and to access the link to CoreLogic’s full report, click on the link below;

Stanford Brown released their In the SB Quarterly Report that covers the following key points;

• The unusual phenomenon is known as bear steepening

• Oil prices on the rise…AGAIN!

• Recession fears are on the way down. However, a bumpy ride awaits

• In-depth Asset Class reviews

• Current portfolio positioning as per the end of Q3 2023

We hope you enjoy it!

SB October Market Report

This month, SB tackled the following points;

• What happened over the month

• Performance of major financial markets

• Current investment outlook and portfolio positioning

• Views on major asset classes

• Current portfolios allocations

For the full report click on the link below

 October Monthly Market Report 

Finally SB Talks

Stanford Brown shared their latest SB Talks with our community. In the latest edition of our SB Talks podcast, your presenters explore the important elements of your financial world – from investments to strategy, retirement planning to intergenerational wealth.

In this episode of SB Talks, CEO Vincent O'Neill is joined by Chief Investment Officer Nick Ryder. They discuss the US’s 10-year Treasury Note breaking the 5 per cent barrier for the first time in 16 years. They delve into the reasons behind this surge in long-term yields and how much further they might rise. They also discuss the upcoming September quarter CPI data and its impact on the Reserve Bank of Australia’s interest rate decisions.

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