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Whitord – Geelong Property News: The inflation figure has fallen again which is a step in the right direction. The monthly CPI indicator was 3.5% in the 12 months to July 2024, falling from 3.8% in June, the second monthly drop in a row. This is the lowest result since March 2024. The most significant price rises were Housing (+4.0%), food and non-alcoholic beverages (+3.8%), alcohol and tobacco (+7.2%) and transport (+3.4%).
Annual trimmed mean inflation, the RBA’s preferred measure, which smooths out the impact of temporary or irregular price changes, which was 3.8% in July, from 4.1% in June. While inflation is moving in the right direction, Governor Bullock has made it clear it is “premature to be thinking about rate cuts”. The RBA realises that electricity subsidies drove the fallback, excluding electricity, year on year inflation would have been stable.
John Moran
Director
*Potential impact of cash rate cuts if each of the big four banks' cash rate forecast is realised
Based on a $600,000 debt today with 25 years remaining
Grovedale - This immaculately kept single-level brick property is the perfect family home. Sitting on 748sqm(approx.) and boasting four generous bedrooms, main with ensuite and walk-in robe, two living areas plus a study, providing additional flexibility in what is already a great floorplan.
1a College Court, Newtown - Low maintenance, brick home on its own allotment. Offers two bedrooms, bathroom, kitchen, living/meals and full laundry. Garage plus driveway parking. The perfect first home, ‘downsizer’ or low maintenance investment.
119 North Valley Road, Highton - Nestled in a coveted blue chip pocket of Highton, this four bedroom home offers a rare opportunity to indulge in breathtaking views of Geelong.
5 Riverglen Court, Belmont – Location, location, location! Literally 250m from the Barwon River and its beautiful walking tracks, this is the perfect downsizer or ideal property for that busy family who needs low maintenance living. Single level, 4 bedrooms, multi purpose room (gym, studio, TV room, office) 2 bathrooms, and an open plan modern kitchen, dining and living area. Three inviting garden areas with an abundance of greenery to enjoy. Double garage.
107 Camden Road, Newtown - Positioned only metres from the Barwon River is this neat as a pin home. Situated on 615m2 of land the possibilities are endless. Move in, rent out or redevelop. The house has 4 bedrooms plus a study and 2 bathrooms.
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