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Whitord – Geelong Property News: Inflation has sunk to a three-and-a-half year low of 2.8%, though mortgage holders anticipating imminent interest rate cuts will likely be left hanging by the Reserve Bank. Australian Bureau of Statistics’ (ABS) September data showed inflation was officially back within the Reserve Bank of Australia’s (RBA) 2-3% target range, after a small rise of 0.2% in the quarter. It is the lowest annual inflation rate since the March 2021 quarter, adding the 0.2% rise is the lowest outcome since the June 2020 quarter fall which occurred during the COVID-19 outbreak, driven by free childcare.
While inflation had moderated substantially, it will unlikely pave the way for a much-desired rate cut. Trimmed mean inflation – an alternative measure which discounts certain major prices changes – came in at 3.5% in September. This is the RBA’s preferred measure of the state-of-play, and despite falling for the seventh consecutive quarter, it remains outside the bank’s target. Commonwealth Bank has changed it’s forecast of a rate cut from December to February now with all of the big four banks predicting a 0.25% rate reduction in February. Bring on February I say!
John Moran
Director
5 North valley Road, Highton - Generous land of approx. 775m2 on a corner allotment, in prime exposure location! Built in 1965, the large double story 5 bedroom brick home is ready for a full renovation or S.T.C.A take advantage of this location and block size and develop.
5 Perennial Rise, Grovedale - Situated on 691sqm (approx.), this charming brick home features three bedrooms, two bathrooms, a double garage, and a generous rear shed – ideal for extra storage or workspace. With nearby amenities, it’s perfect for families or tradespeople seeking both convenience and space
64 South Valley Road, Highton (corner Vanessa Ave) – Feel like you're on holiday every day of the year in this report-style home built for family living. Offers a versatile floorplan with 4 bedrooms, 3 bathrooms, an office, a dining area, and three living areas. The kitchen is well-equipped and is the hub of the home. With several entertaining areas, you have the choice of a large balcony with stunning views, a generous pool area, or numerous spots to relax and escape in the beautiful gardens. Plenty of parking for cars, trailer, caravan or boat.
2/57 Waratah Street, Geelong West - This sleek two storey home in the heart of Geelong West screams low maintenance and convenience. Built in 2015 with quality finishes, featuring three bedrooms, two bathrooms, two living areas, outdoor courtyard and a single car garage, this one is sure to impress.
324 Autumn Street, Herne Hill - Your own private oasis minutes from the CBD. A large contemporary family home which boasts four bedrooms, two bathrooms, an in ground pool and great outdoor entertaining area and a double garage. You won’t be disappointed.
1 Michael Court, 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.
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.
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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