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2nd November 2023

It feels like Groundhog Day. Here we are waiting to see if we will we see a Melbourne Cup rate rise next week? The media says "yes", the bank economists say "yes", the market is split 50/50.

This is one decision I am less certain on. For housing, a rate rise would be a negative as it will impact buyer sentiment and I believe it will prolong the rental crisis. It will also do almost nothing to fuel and electricity prices. Construction costs are already starting to moderate, as has spending on holiday travel. At the same time, unemployment remains extremely low and the economy is not cooling down as quickly as hoped. Should the RBA have been more aggressive at the beginning of the rate rising cycle? Possibly.

Most recent economic forecasts from the Australian Construction Industry Forum (ACIF) suggest we are likely in for another rate rise but the timing of this is uncertain. As hard as it is we do need to bring inflation under control.

The team and I look forward to seeing you this weekend.

John Moran, Director

Sneak Peek

24 Teleta Crescent, Corio - Private sale

Minutes from the Corio Shopping Centre and positioned on 576sqm (approx.), this brick three-bedroom home refreshed throughout is an ideal match for first home buyers or investors.

43 Strachan Avenue, Manifold Heights - Private sale

Located in one of Geelong’s most beautiful and tightly held suburbs, this property is located on a corner allotment of approx. 991m2 and with three street frontages, offers the new owner’s the opportunity to purchase their dream home site or renovate and extend the existing home and enjoy the Northern rear aspect and family friendly location. Three bedrooms, one bathroom and double garage.

21/20 Ficinia Mews, Highton - Private sale

Get ready for this sleek one-bedroom apartment that embodies modern, low-maintenance living. Strategically located near the Waurn Ponds Shopping Centre, Train Station, Deakin University, and Epworth Hospital. It's the ideal investment opportunity, promising an attractive rental yield with stable demand from professionals and students.

186 Autumn Street, Geelong West - Forthcoming auction

Set on approx 900m2 and with both front and rear access, this beautiful period home offers large family accommodation. 4-5 bedrooms, study, open plan living and updated bathrooms and kitchen. Set up for entertaining, the large rear garden offers multiple spaces for BBQ’s, gatherings and children’s play area. Double carport plus 3 car garaging from the rear. Walking distance to Newtown’s private schools, local schools and Pakington Street shops & café/restaurants.

7 Coquette Street, Geelong West - Private sale

This Interwar 1930s brick beauty has been fully renovated and now offers a wonderful home for todays busy families. 4 bedrooms, 3 bathrooms, office, and two beautiful living areas. Low maintenance gardens, pool, great alfresco area and 4 car garaging! Walk to schools, Pakington Street shops, train station & the CBD.

10 Coronation Street, Geelong West - Private sale

An exceptionally rare opportunity presents itself with two-history rich c1850’s solid brick terrace homes coming to market at the same time. Elegant in feel and timeless in their immaculately preserved original features with modern amenities. Number 10 comprising of three bedrooms and one bathroom. Number 12 on the market now. What an opportunity, purchase one or both.

5/91 Shell Road, Ocean Grove - Private sale

Modern single level home in quiet and secure development, featuring three bedrooms, main with walk in robe and ensuite, family bathroom, open plan living , sunny courtyard and lock up garage. Well located to the beach , shopping and parkland.

2202/ 2-4 Yarra Street, Geelong - Private sale

Well appointed and generous apartment featuring two bedrooms both with ensuites, open open plan living and balcony, overlooking parkland and waterfront, access to Novotels indoor pool, community garden and secure car parking.

25 Trigg Street, Geelong West - Private sale

Set on 443sqm (approx.) with side access off Baker St, this two-bedroom updated brick home is the perfect entry opportunity to Geelong West or an easy investment in any portfolio.

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