Our Backyard – Aireys Inlet

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The Reserve Bank has again decided to leave official interest rates a record low of 2%.  Rates have now been on hold for nine consecutive months following the last decrease in May last year.

Rates remain on hold despite recent economic data indicating a deterioration of activity both local and international.

Meanwhile the start of 2016 has been a positive one for Melbourne’s real estate, with figures from CoreLogic RP Data showing the Victorian capital is pulling ahead as Australias strongest market.

According to CoreLogic RP Datas latest Hedonic House Value Index, the 12 months to the end of January saw Melbourne become the nations leader in terms of capital growth.

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James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

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