Our Backyard – Aireys Inlet

Welcome to Aireys Inlet

The Reserve Bank has decided to leave interest rates on hold over June with the likely prospect that the current settings will remain throughout the remainder of 2014 at least.

The bank has indicated it is taking a wait and see approach and that rates are likely to stay at current levels reflecting recent mixed economic news.

Unemployment rates have remained steady with solid jobs growth although jobless levels in some states are still stubbornly high.  Latest wage growth data is benign reflecting the low inflation economy with the level of real wages generally declining.

Housing markets are providing signs of reinvigorating following a softening of growth rates over the March quarter.  Strengthening auction clearance rates over May in both Melbourne and Sydney from record listings together with rising buyer activity now in Brisbane and Adelaide indicate upside potential for solid prices growth over winter although not at the strong levels of 2013.

Although official interest rates remain on hold at the lowest levels for 60 years, indicative mortgage rates remain higher than the levels of 2009.  This indicates scope for downward mortgage rate movements from competition between banks for market share.  Low and falling mortgage rates will continue to fuel housing market activity.

In Anglesea this Saturday we have two properties up for auction at 11 and 13A Second Avenue.

11 Second Avenue is a prime flat block of around 1507m2 with ocean and coastline views.

http://www.realestateanglesea.com.au/1545690/

13A Second Avenue is adjoining the vacant block and consists of a double storey brick house with ocean and coastline views on around 1317m2.

http://www.realestateanglesea.com.au/1545445/

To be auctioned from 12.00 noon Saturday.

OPEN FOR INSPECTION

Saturday June 7, 2014

21 She Oak Crescent, Fairhaven  2.00 – 2.30

29 Yandanah Road, Fairhaven 3.00 – 3.30

Sunday June 8, 2014

10 Amaroo Crescent, Aireys Inlet  11.30 – 12.00

44 Aireys Street, Aireys Inlet 12.00 – 12.30

Lot 24 Narani Way, Fairhaven  1.00 – 1.30

Monday June 9, 2014

Lot 24 Narani Way, Fairhaven  1.00 – 1.30

James.jpg

James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

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