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Real Estate Market News

Dash to Christmas

With the Grand Final now a distant memory (apart from the Richmond fans still celebrating) and the Cup run and won, we now move into a sprint to Christmas. Judging from buyer’s activity in the market place this week and today, there are those (just like the Tigers and Twilight Payment) who are desperately trying to win their “trophy” property prior to Christmas.
Other good news this week was the Reserve Bank’s decision on Cup Day to further stimulate the economy by again reducing interest rates to a new record low. With all the major banks slicing their fixed rate home loans and some business loans, this will provide further assistance to homeowners and small businesses that have done it extremely tough since March.
On another note, we look forward to this week’s “ring of steel” being removed so that Victorians can become “one” again and move freely around the state for their property hunting. Our Mornington Peninsula office has a backlog of Melbourne clients wanting to make a sea/country change who have been patiently waiting to arrange inspections to see the magnificent properties we have on offer.

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