With real estate listings at the best point since 2015, is this the higher interest rates finally coming home to roost?

MARKET WRAP:

• ASX200: up 0.13%, 8,187
• GOLD: $2,632 US/oz
• BITCOIN: $93,780 AUD

• With the materials sector hampered by falling iron prices yet again, Fortescue dropped by 1.5% to $18.97  & Rio Tinto slid by 2.2%, Mineral Resources tanked a whopping 6.4% and BHP fell 1.16% to $43.28
• Brent Crude fell more than 4% overnight, now buying around $77 US a barrel, which saw Woodside and Santos both weaker.
• Elsewhere and Pilbara minerals lost 5% to $2.85
• Whitehaven coal lost just under 3% to $7.01
• Goodman Group and James Hardie both taking a tumble.
• REA Group, which closed up 2% to $216.50 with national listings in September at their highest since 2015.
• By association Domain Holdings also closed up 1.5% to $3.29
• ZIP closed up 6% to $2.89 a fresh 52 week high maintaining its momentum in the buy now pay later space
• And Pro Medicus lifted 4% to $186.63.

   

CURRENCY UPDATE:

• AUD/USD: 67.30 US cents
• AUD/GBP: 51.5 pence
• AUD/EUR: 61 Euro cents
• AUD/JPY: 99 Japanese yen
• AUD/NZD: 1.10 NZ dollars