Our Backyard – Aireys Inlet

Welcome to Aireys Inlet.

Sydney property prices are up almost 12% over the past year and Melbourne prices are almost 8% higher.  Some agents are blaming foreign buyers, other agents claim it’s the trustees of the self managed super funds.

Yet mortgage data from the Australian Bureau of statistics supports the view it is domestic investors, with would be first home buyers on the sidelines.  With record low interest rates, low returns on term deposits and investors prepared to take more risk with their money for the first time since the global financial crisis.

For the first home buyers, the state based incentives have been wound back.  Investors are not only piling into property, but also into Australian shares, where prices are at five year highs.

OPEN FOR INSPECTION

Saturday November 9

44 Aireys Street, Aireys Inlet 12.00 -12.30

12 Philip Street, Aireys Inlet 1.00 – 1.30

29 Yandanah Road, Fairhaven 3.00 – 3.30

Sunday November 10

4 Taroona Road, Aireys Inlet 11.30 – 12.00

105 Boundary Road, Aireys Inlet 12.00 – 12.30

1 Painkalac Court, Aireys Inlet 1.00 – 1.30

James.jpg

James Worssam

0418 585 815

james@greatoceanroadrealestate.com.au

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