Our Backyard – Aireys Inlet

Welcome to Aireys Inlet

Another long weekend is upon us with the Queen’s Birthday weekend. Republican or Monarchist, I am sure no one is going to argue about another public holiday!

With the federal election now less than a month away, the debate around negative gearing and housing affordability shows no signs of abating. The Labor party is currently campaigning on a platform that from July 1, 2017 would see negative gearing restricted to new builds only and reduce the capital gains tax discount to 25%. Labor has framed its policy as a means to boost the economy and improve housing affordability, but not everyone agrees.

Meanwhile at its meeting this week, the Reserve Bank of Australia decided to keep the cash rate on hold at 1.75 per cent.

Taking account of the available information, and having eased monetary policy at its May meeting, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and inflation returning to target over time.

Another sale under contract this week includes the vacant land at 45 Hopkins Street. Following the sale in February of 47 Hopkins Street, this block hasn’t lasted long at all. These acre blocks are highly sought after as shown by the speed of this sale.

Have a safe weekend and we hope to see you at the Open for Viewings of some of our recent listings.

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James Worssam

0418 585 815

james@greatoceanroadrealestate.com.au

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