• Lorenzo Pagnan / Lorenzo’s Diner
    “As a successful restaurateur doing business in a fast-paced world, I need to focus on what I do best – creating beautiful food. A key aspect of my success is knowing that my accounting and finances are being taken care of. I choose the DRB Group for growing and protecting my assets. They understand my needs, save me time and provide me with a winning business recipe. I trust the DRB Group. You should too.”
  • David & Erika Keyssecker
    “We have been with the DRB Group for many years now and genuinely believe we couldn’t find a more personal service anywhere else."
  • Jessica, Manuel & Christina / ITRS
    "The DRB Group has helped us understand the business of our business. They have made planning, working, and growing easy – helping our business go beyond a small family operation."
  • Todd & Amanda Prestage
    “Our lives are so busy; we really need to know that someone reliable is looking after our financial interests. The DRB Group are proactive and very involved in finding the right solutions for us. Their care gives our family security.”
Print this page

About the DRB Group

Peter Blackett's Economic Update - Oct 2009

Economic update to end October 2009.

Australian share values have continued to improve In October 2009 with the ASX 200 Index (as measured by the S&P/ASX 200 index) rising by 0.93%. Again the annual return has been positive, with a gain of 15.56% over the 12 months from beginning of November 2008 to end of October 2009. During the August to October 2009 period, the Australian share market fell 2.12%.

In world markets, there was a fall of around 1.69% over the month of October 2009, a slowing of the recovery that saw a rise over the August to October 2009 period of 5.63%. The annual return for the 12 months to the end of October 2009 shows a positive return of 14.57% (as measured by the MSCI ex Aus World Index).

Property markets are back to negative territory with a fall over the month of October 2009 of 9.03%, wiping the gains made in September 2009. The quarter from July to September 2009 saw a rise of 34.97%, however, the annual position remains an overall loss of approximately 15% (as measured by the S&P/ASX 200 AREIT).

The cash rate has risen for the second month in a row with the Reserve Bank of Australia raising the cash rate by 0.25 basis points to 3.50% pa. Economists generally expect further rate rises in the coming months as the RBA moves to push the cash rate to a more neutral setting. Inflation is running at 1.3% pa to the end of September 2009.

The Gold price has risen to $1095 US per ounce. The spot gold price has risen 5.44% over the last 30 days (to November 8, 2009) and has risen 49.51% over the 12 months to November 8, 2009.