Our Backyard – Aireys Inlet

Welcome to Aireys Inlet

The Reserve Bank of Australia announced the results of its monthly board meeting earlier this week to a backdrop of record house price growth and restricted lending policies.

 As was widely expected, it was resolved to leave the cash rate at its current record low of 2 per cent.

 After the busy month of July in terms of sales activity, it looks like August will begin as July left off with a number of negotiations on transactions continuing.  Also there are a couple of new listings about to hit the market on the beach side of the Great Ocean Road in Aireys Inlet in the sought after price range of under $700,000.

 Also I was lax not to mention in last weeks blog, the outcome of the activity on the new listing at 7 Inlet Court which I referred to in my blog of July 17.  Sure enough the multiple interest resulted in a sale price of $742,000 against an asking price of $710,000.  All of the competing parties were treated equally and fairly and naturally the vendor was delighted with the result.

James Portrait for weekly blog 19.05.12

 

James Worssam

james@greatoceanroadrealestate.com.au

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