Our Backyard – Apollo Bay

APOLLO BAY – MARKET ROUNDUP
What a week for the future of our coastal real estate market. After months of speculating and forecasting that the “line in the sand” had been drawn and that the “smart money” had started to trickle back into the property market, that trickle is now likely to be more free flowing over the coming months.
After Tuesday’s decision of the Reserve Bank of Australia to reduce interest rates by a further 25 basis points to 3.25% the balance of the “smart money” is likely to be more forthcoming than the past six months. Property that is priced to the market, is well positioned to move, while stock that is not needs to be re-aligned if a sale is the desired result. While most forecasters are now predicting upward, albeit not aggressive movements in price, the current period is likely to signal the end of bargain based opportunities.

See you in Our Backyard

Darren Brimacombe
darren@greatoceanroadrealestate.com.au
0418 317 424

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