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Whitford - Geelong Property News: With a long weekend this coming weekend a quieter weekend on the real estate landscape can be expected. The low level of new listings is holding the prices steady.
Canada has become the first G7 nation to cut their interest rates. Leading economies around the world are drastically slowing. Our economy only received 0.1% GDP growth in the first quarter of 2024 showing that our economy is struggling. Inflation remains sticky but that isn’t due to consumer spending which is pretty much non existent. England and the USA have indicated that interest rate reductions are not far off for them either. Nationally the real estate sector is still seeing growth despite thirteen interest rate rises, when we do receive our first interest rate cut the marketing is going to see strong growth.
John Moran
Director
79 Gheringhap Street, Geelong - Expressions of interest for sale or lease. A three level building of (approx.) 625m2 in a prime CBD location. Generous land area of 792m2. Ample onsite parking.
19 The Esplanade, North Shore - With direct water views and within a short stroll to the Moorpanyal Beach & Playground area, this is truly rare opportunity in a tightly held location. Boasting a fantastic allotment of 650m² (approx.), this property is the perfect chance to renovate, develop, or build your dream family home (STCA).
20 Stubbs Avenue, North Geelong – An adorable 3 bedroom Californian Bungalow in a location that is more convenient than it gets credit for, walking distance to all amenities including North Geelong train station as well as the Geelong waterfront. Updated throughout while maintaining many of its character features, this is an opportunity not to be missed.
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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