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Whitford – Geelong Property News: On Tuesday, the RBA reduced the official cash rate from 4.10% to 3.85%, marking the second rate cut this year. This move aims to support economic stability while keeping inflation within target. Major banks, including NAB, ANZ, Commonwealth Bank, and Westpac, have announced they will pass on the full 0.25% reduction to mortgage holders, with most cuts effective from May 30.
Geelong's property market is showing signs of recovery, particularly in affordable suburbs with average prices around $750,000. Industry experts predict increased buyer activity in these areas in the latter half of 2025. The rate cut enhances borrowing capacity, potentially increasing buyer interest in Geelong's middle-market properties.
However, affordability remains a concern, with 60% of Australian mortgage holders still facing financial strain despite the recent rate cuts. While the rate cut may provide short-term relief, property prices are expected to rise by the end of the year, according to SQM Research. Prospective buyers should act promptly to capitalize on current market conditions.
The team and I look forward to seeing you this weekend.
John Moran
Director
Landmark St Albans Park Stud - This striking single story mansion circa 1873, famously known for its direct lineage to 10 Melbourne Cup winners, including the great Phar Lap.
34 Marshall street, Newtown - North facing rear, flat allotment of 567 m2 (approx.)complete with a very nicely presented 4 bedroom home with spacious living areas and renovated bathroom and kitchen. A gas heater in the lounge and split systems in the living zone and the main bedroom make for cosy living. Retain and enjoy or a fabulous new home/s site.
509/146 Bellerine St, Geelong - A bay view off the balcony and two car spaces are a rarity in the G1 complex and an absolute bonus for anyone considering a purchase here. The apartment itself featuring two bedrooms and two bathrooms.
Lovely Banks - Exceptional luxury combines with spectacular spaces to offer you this unique residence that is private, exclusive and quite simply breathtaking. Six bedrooms, four bathrooms, multiple living and entertaining zones, pool, jacuzzi, sauna, cinema room, tennis court and three car garage. This home has it all.
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