Uncategorised Archives - Page 2 of 3 - Raiz Invest

Raiz is thrilled to announce the addition of our first Tasmanian property to the Raiz Property Fund (RPF)! This modern home in Geilston Bay marks the 13th property in our expanding portfolio, furthering our commitment to providing Raiz investors with access to quality residential properties across Australia. The Raiz Property Fund offers a unique opportunity to invest in Australian real estate—a market known for its stability and growth potential—alongside a balanced mix of other assets. 

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By Thomas Stelzer

Raiz Invest has claimed the Investment Innovation award in the 2024 Finder Innovation Awards thanks to the launch of its Raiz Plus Portfolios. 

The Finder Innovation Awards look to recognise the companies, brands and platforms that seek to put the customer first by delivering disruptive products or services and it’s hard to think of a product that better fits that brief than Raiz’s Plus Portfolios. 

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The ASX 200 had a slightly challenging week, slipping 0.9%, but there were some positives—Consumer Staples held steady, and Australia’s strong jobs data suggests the economy is staying resilient. The Reserve Bank of Australia  is now less likely to cut rates soon, but all eyes are on next week’s inflation report. Economists expect inflation to slow to 0.4% for the quarter, which could keep rate cut discussions alive.

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The ASX 200 closed the week 0.8% higher, buoyed by strong results in the Financials (+4.1%) and Healthcare (+1.0%) sectors. Australia’s job market exceeded expectations, adding 64,000 jobs in September suggesting the Reserve Bank of Australia may hold off on rate cuts for longer. However, Friday ended on a softer note (-0.9%) as the Resources sector continued to face pressure after China’s fiscal stimulus package fell short of expectations. 

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Owning a home is a major life goal for many Australians (and particularly Raiz users), but the road to the property ladder can feel confusing and overwhelming. With careful planning and a clear understanding of each step—from saving a deposit to managing your mortgage—you can approach the process with confidence. Not everyone will need professional services like brokers or buyer’s agents, but understanding their roles can help you decide if they’re right for you. Additionally, the Raiz Property Fund and tools like in-app savings goals with recurring investments provide smart ways to stay connected to the property market while you build toward your dream home. 

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Australian market update

The ASX 200 delivered a positive return of 0.79% over the past week, despite the mixed performance of its constituents. Commonwealth Bank of Australia, CSL Limited, National Australia Bank, Westpac Banking Corporation, and Australia and New Zealand Banking Group all posted strong gains, ranging from 2.18% to 2.53%. However, heavy-weights like BHP Group (-2.58%), Rio Tinto Group (-3.32%), and Fortescue Metals Group (-1.47%) dragged on the index’s performance, reflecting the ongoing challenges in the global commodities market.

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The Australian markets had a challenging week, with the ASX 200 index declining by 1.45%. Major banking stocks like Commonwealth Bank of Australia (-1.96%), National Australia Bank (-2.46%), Westpac Banking Corporation (-4.98%), and Australia and New Zealand Banking Group (-2.76%) were among the top losers. Mining giants BHP Group (-3.00%) and Rio Tinto Group (-4.22%) also faced significant losses, likely due to concerns over the Chinese economy. 

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In the past few months, iron ore prices have surged from $90 to $105 per tonne, sparking a rally in Australian mining stocks. For companies like BHP and Rio Tinto, this price rebound could mean billions in additional revenue. Given that China imports over 44% of global iron ore, any fluctuation in Chinese demand sends immediate ripples through the market. But how sustainable is this price surge? And more importantly, how should Australian investors navigate the intertwined complexities of China’s credit expansion and its impact on commodity markets?

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Australian Market Update: 

The ASX 200 remained relatively flat over the past week, posting a modest 0.03% gain. However, there was significant rotation amongst sectors. The materials sector, led by mining giants BHP Group (10.91%) and Rio Tinto (12.77%), was the top performer, buoyed by rising commodity prices. Fortescue also saw impressive gains of 14.01%. However, the financial sector faced significant selling pressures, with major banks such as Commonwealth Bank of Australia (-7.16%), National Australia Bank (-6.88%), Westpac Banking Corporation (-5.27%), and Australia and New Zealand Banking Group (-4.55%) all recording falling stock prices. 

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