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Whitord – Geelong Property News: Are we closer to interest rate reductions than we think? The national economy has ground to a halt, propped up by government cash and immigration while households slash spending as they experience recession-like conditions that may force the Reserve Bank to re-think its position on interest rates.
The poor result is being driven by households who cut spending by 0.2 per cent in the three months to the end of June. Expenditure on food, alcohol, clothing, footwear, cafes, hotels and the purchase of new cars all fell with spending on discretionary goods down by 1.1 per cent. Something needs to be done to stimulate more growth in the economy. Does the RBA agree with that thinking? Time will tell.
John Moran
Director
56 Western Beach Road, Geelong - Positioned on the front row of Geelong’s prized waterfront. Boasting a sizeable block of 1,222m2 (approx.) with rear lane access. Six bedrooms and two bathrooms.
East Geelong - Classic Californian with rear street access. Whilst the home needs some improvements, it is livable in its current state and boasts an updated kitchen and bathroom but lends itself to renovation and extension in the future on this generous block of approximately 484m².
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.
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.
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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