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The guessing game of when the interest rates will start to fall has officially begun. Australia’s economy is experiencing another “very soft quarter” of growth, all but ruling out another interest rate rise by the Reserve Bank despite inflation easing at a slower pace. The RBA board meets for a second time in 2024 next Monday and Tuesday.
Financial markets were rating a 25 basis-point cut in the cash rate to 4.1% as about a one-in-10 chance. CBA continues to pencil the first rate cut to land in September. I heard an economist on the radio yesterday predict a rate cut in April (wouldn’t that be nice!). Australia’s economy expanded 0.2% in the December quarter, slowing from 0.3% in the previous three months so it will need some stimulating very soon that’s for sure.
Callum is a highly knowledgeable real estate sales agent, and he is a rising star on the Geelong real estate scene. Watch the video and get to know Callum a little better.
The team and I look forward to seeing you this weekend.
John Moran
Director
2/61 Austin Street, Newtown - This beautiful townhouse offers the perfect blend of convenience and comfort. With four bedrooms or three bedrooms and a study, two bathrooms, and a single garage. Perfectly located just off Pakington Street.
43 Clarke Street, Newtown - Architecturally designed, this home offers four bedrooms including master bedroom with walk-in robe and ensuite, large family bathroom and laundry and second living room, great for the kids play room. The hub of the home is the spacious open plan area that looks directly out into the large yard of approx.704m2, and a luxurious solar heated pool and spa.
130 Elizabeth Street, Geelong West - This gorgeous Californian Bungalow offers a 3 bedroom, 2 bathroom family home. Timeless in appeal, this classic weatherboard home offers a stylish renovation with undercover off- street parking and a bonus separate bungalow perfect for a multitude of options including home office, play-room or studio.
27 Swanbourne Avenue, Highton - This modern build boasts a large family sized home that offers room for everyone and a quality build. Four large bedrooms (two with ensuites), office, three living zones and a triple car garage.
5 Hilltop Street, Herne Hill - Arguably the best street in Herne Hill, this brick three bedroom home on 622sqm (approx.) is an ideal opportunity to get a foothold in a great suburb or a canvas to create your dream family home.
62 St Georges Road, Corio – Shopfront / Showroom / Factory this commercial property has you covered. Showroom 150m2 + Factory 300m2 all sited on a generous 642m2.
46B Trigg Street, Geelong West – Low maintenance executive living, comprising 4 bedrooms , 2 bathrooms and double car accommodation.
27 Carbine Drive, St Albans Park - In a suburb growing in popularity, this brick three bedroom, two bathroom home sitting on 577sqm (approx.) makes for the ideal first home or investment property.
20 Stubbs Avenue, North Geelong – An adorable 3 bedroom Californian Bungalow in a location that is more convenient than it gets credit for, walking distance to all amenities including North Geelong train station as well as the Geelong waterfront. Updated throughout while maintaining many of its character features, this is an opportunity not to be missed.
114 Sunset Strip, Jan Juc - Just under 1 acre of privacy this brick home comprises 4 bedrooms, the main with ensuite and dressing room, multiple living areas including open plan kitchen, dining and family room.
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