Whitord – Geelong Property News: Australia's economic performance in the first quarter of 2025 has intensified pressure on the Reserve Bank of Australia (RBA) to consider further interest rate cuts at its upcoming meeting on July 8. Real GDP growth was a mere 0.2% for the quarter, down from 0.6% in the December quarter, and annual growth stagnated at 1.3%, well below the RBA's forecast of 1.6%. This slowdown was driven by weak consumer spending, flat government expenditure.
In response to these developments, the ASX financial markets are pricing in 86% probability of a 25 basis point rate cut in July, with some economists suggesting that more aggressive easing may be necessary to stimulate private sector demand and address structural weaknesses in business investment and productivity growth. However, the RBA faces a delicate balancing act. While further rate cuts could support economic activity, they may also exacerbate inflationary pressures and contribute to rising household debt levels. The RBA's decision will depend on its assessment of these competing risks and its commitment to achieving its dual mandate of price stability and full employment.
The team and I look forward to seeing you this weekend.
John Moran
Director
57 Preston Street Geelong West - Located in the heart of Blue-Chip Geelong West is this perfect example of modern day living. This stylish period home comprises of 3 bedrooms, one bathroom and good sized living space. Positioned on 471m2 (approx.) with rear lane access.
4 Jewell Plc Highton - Low-maintenance residence on a compact block, perfect for those who don’t want to spend time in a large garden. Great views from the living area and alfresco deck, three bedrooms, two bathrooms, and two living areas. Well designed for separation when needed, with master bedroom on the entry level and remaining bedrooms on the lower floor. Perfect for couples/single professionals or families with pre/teens looking for easy living.
6 Helen Street, Rippleside - Located in the Bayside suburb of Rippleside, this single-level home is a rare offering for those looking to reside by the bay and live an easy and quiet lifestyle. Three generous bedrooms, two beautiful bathrooms, a multiuse room perfect for an office/library, guest bedroom or playroom. Two living areas, one with the full-sized kitchen, meals and a cosy family area, and a second separate room with an open fireplace bringing a beautiful and relaxing ambiance. Just enough garden to entice those to have a green thumb.
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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