Our Backyard – Aireys Inlet

Westpac this week moved to raise its mortgage rate and experts believe it’s inevitable that the other big banks will follow its lead.  Indeed, many claim it’s been inevitable for the past six months.

Prime Minister Scott Morrison has suggested Westpac customers should change banks if they are not happy.  Prime Minister Scott Morrison?  Yes, that’s right.  We also changed Prime Ministers this week.  Yes, I hear you saying ‘I didn’t vote for Scott Morrison’.  Well it seems that doesn’t matter so much now.  We saw it with Rudd-Gillard-Rudd and now it’s happening again…

I doubt Scott Morrison, Kevin Rudd or Malcolm Turnbull will be greatly affected by the rate rise but it will be interesting to see if this signals an end to the low rates we have been enjoying for quite some time.

You will often read me banging on about the low levels of property for sale in our area so I thought I would have a look at what was for sale this week in 2013 versus what is being publicly advertised now.

In Aireys Inlet alone in 2013 there were seventeen houses for sale.  Today there are only five.  In 2013 there were fourteen blocks of land for sale, today there are only three.  This shows a marked decrease in property for sale.  It is also contributing to keeping prices strong due to supply and demand laws.

Please see below for an upcoming ‘quiet’ listing in Moggs Creek available to the readers of this blog.  Please phone for further details.

JAMES28280218013200.02.18.jpg  Ben28.02.18.jpg

James Worssam                                                             Ben Jackson

james@greatoceanroadrealestate.com.au                ben@greatoceanroadrealestate.com.au

0418 585 815                                                                  0437 380 706

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