Quick search


7th December 2023

Australia’s economy surprisingly slowed in the September quarter, as the toll of higher interest rates hit consumers and trade turned negative. Gross domestic product (GDP) expanded 0.2% in the September quarter compared with the previous three months, marking an eighth consecutive quarter of growth.

Economists had forecast GDP growth would quicken to 0.5% from 0.4% in the June quarter. The RBA opted to keep its key interest rate unchanged at 4.35% at its final board meeting for 2023.

The weak GDP figures suggest the economy was losing momentum even before the RBA snapped a run of four months of holding its cash rate steady by raising its cash rate to 12-year high of 4.35% in November. The GDP figures justify Tuesday’s rate pause by the RBA and must question whether further rate rises are needed. Here is hoping we have seen the last of the rate rises and we can look optimistically to a positive 2024.

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

John Moran


Coming soon

2/3-5 Lomond Terrace, East Geelong - Single level, generous in size and meticulously maintained, this 3-bedroom, 2-bathroom townhouse offers a private and secure lifestyle. Double garage with 2 entertaining areas and a lovely garden.

34 Stinton Avenue, Newtown - Positioned in one of Newtown’s best streets. Three bedrooms, two bathrooms and a double tandem garage.

5/91 Shell Road, Ocean Grove - Superb location, near new condition, on trend design, featuring three bedrooms, two bathrooms and parking for two cars.

2202/ 2-4 Yarra Street, Geelong - Two bedroom apartment both with ensuites, open plan living and balcony.

Stay informed and connected

Subscribe to our newsletter for the most up-to-date information on current properties for sale, including Off Market listings.