Our Backyard – Aireys Inlet

Finally some rain, with around 30mm recorded over two days although it has continued to remain dry since. Unfortunately for the weekenders, the rain all came on Saturday and Sunday.

In his first speech of 2020, RBA Governor Phillip Lowe reiterated that interest rates will likely remain low for an extended period of time while cautioning on their impact on house prices. Dr Lowe was concerned that the low interest rate environment could lead to ‘too much of a good thing’.

‘The lower interest rates have assisted with both sides of the balance sheet. They have allowed people to pay down their liabilities more easily and they have also boosted asset prices’ he said.

House prices started the year in the same fashion as they ended 2019, rising strongly across every capital city in Australia, with Sydney and Melbourne leading the charge.

Real estate transactions remain steady in our area. 31 Eagle Rock Parade sold for full price this week with other negotiations under way.

Also, see below to see a great new listing of front row Moggs Creek real estate. Last offered to the market in 1949.

6 Stephen Avenue Moggs Creek

Look out for a great new listing in the tightly held Moggs Creek area. 4 bed, full renovated on 836m2 $1.2 million.

James Worssam
james@greatoceanroadrealestate.com.au
0418 585 815

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