Our Backyard Aireys Inlet

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There were two big auctions in the area on Saturday with both properties selling on the day following negotiations after the auctions, whilst in Melbourne the auction rates have spent their 14th week above a clearance rate of 70%, held aloft by exceptional results in Melbourne and Sydney.

The result of a nationwide auction clearance rate of 77.6% on the weekend is a significant improvement on the corresponding week last year, where only 61% of properties sold at auction.

Also this week the Reserve Bank of Australia decided to leave the cash rate unchanged at 1.5%.

Meanwhile an unseasonal sprinkling of snow hit the Otways on Monday, only one month from summer.  It’s more of the same in what has been a cool, wet October across the state.

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James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

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