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Whitford – Geelong Property News:
There’s a welcome dose of good news for mortgage holders this month, with inflation figures moving in the right direction and putting rate relief firmly on the table. The latest data shows Australia’s trimmed mean inflation has dropped to 2.7% over the past year—comfortably within the Reserve Bank’s target range of 2–3% for the second quarter in a row.
While it’s still slightly above the RBA’s forecast of 2.6%, economists say it’s unlikely to derail plans for a rate cut, with many tipping it could come as early as August. In fact, three of the four major banks are predicting the current inflation trend is enough to justify easing the official cash rate.
For homeowners and buyers alike, this could be a turning point. Lower interest rates would bring relief to borrowers and may spark a fresh wave of buyer activity, especially in the more affordable segments of the market. Investors, too, may benefit from improved lending conditions and renewed confidence.
The Reserve Bank’s next meeting is set for August 11–12, and all eyes will be on whether they decide to make a move. If inflation continues to track as expected, this could be the moment Australia begins to pivot out of the high-rate environment we’ve been navigating.
37 Upper Skene Street, Newtown - Classic period style home offering excellent craftsmanship throughout. Four bedrooms include main with ensuite/WIR, home office, two living areas, large kitchen, alfresco area, pool, garage and carport, and walkable access to top schools, supermarket, and the easy access to the Ring Road.
308 Autumn Street, Herne Hill - C1920 brick home on approx. 442m2. Offering a flexible floorplan of 3 bedrooms, central bathroom, kitchen/meals/sitting area and separate living room. Garage for storage & side drive parking. Neat as a pin and ready to move straight into!
21 Aberdeen Street, Newtown - This stunning historic brick home on approx 981m2 offers something a little different and allows the owner flexibility to use the floorplan to their needs. Currently configured as six bedrooms, three bathrooms, a beautiful multi use room (office/sewing/games) three reception rooms and a kitchen that looks about to the large rear yard. Great rear access with undercover secure parking for four cars.
1 Pilrig Avenue, Newtown - This neat home in the heart of Newtown is walking distance to schools, shops, transport and much more. Features includes three good sized bedrooms and two bathrooms. Land of 554m2 (approx.).
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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