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Our Backyard – Torquay!

Greetings from Great Ocean Road Real Estate, Torquay

A touch of Spring in the air this week as we move through the last days of winter!  The Torquay and district markets continue to move along nicely with enquiry strong and availabilities low. In particular, we note the strength of the rental market with just 35 availabilities in Torquay and 7 in Jan Juc. The quality of applicants is excellent and in … Continue Reading »

Greetings from Great Ocean Road Real Estate, Torquay.

Another great week for property here with a further three houses going under contract. Current lending rates are certainly supporting ongoing confidence in the local market, and it is clear that stock levels are quite low regardless of the time of year. Some nice properties open for inspection this weekend and for those seeking a great buy, check out 17 Attunga Drive in … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

The federal treasurer has reiterated that his Government will not remove or limit negative gearing, as this would increase the tax burden on Australians trying to provide a future for their families. The capital gains tax was also left unchanged.

This decision which was supported by the REIV, recognises that the current arrangements increase the supply of housing for the growing population, maintain rents … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay!

Ok, so the weather has not exactly been ideal for the beach though rest assured, if you go for a stroll on our beautiful beaches at present, you will have them pretty much to yourself!

Regardless, the market just keeps on keeping on here. Availabilities across both the selling and permanent rental markets are as low as we have seen them for several years despite … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay!

This week we are pleased to report the forthcoming listing of a brand new top quality townhouse in Old Torquay. The property offers 3 bedrooms plus a study nook, 2 bathrooms, 2 powder rooms, a sensational kitchen, living areas over two levels and a stunning feature atrium / light well. Further features include highly polished concrete floors, hardwood timber flooring and double glazed windows … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

Despite the weather, the buyers are out and about in Torquay and districts with sales achieved across all sectors over the last few weeks. We have noticed a bit of a drop in enquiry from the investor / developer sector and I suspect this may be due to the election and associated discussions such as negative gearing, capital gains tax and changes to … Continue Reading »

Our Backyard – Torquay

Review Your Property Position

It’s that time of year again – that is, the end of the financial year. While many of us will be focusing on our tax returns and considering whether (or not) we may be receiving a refund, it also provides a good chance to review our financial planning. This includes considering our position in the property market.

The new financial year is a great time to plan changes … Continue Reading »

Our Backyard – Torquay!

Greetings from Great Ocean Road Real Estate, Torquay

Some welcome rain this week and things starting to green up smartly!

Two great new listings this week in the Ocean Sunrise Estate off Briody Drive in Torquay. 2 Sunrise Drive presents a 632m2 flat corner allotment and 9 Brooker Place of approximately 590m2 is also a corner block and flat. The best thing about both of these blocks is that neither have single … Continue Reading »

Our Backyard – Torquay!

Greetings from Great Ocean Road Real Estate, Torquay!

The Election for 2016 has been announced and a lot of policy debate about, including plenty of talk relative to super, negative gearing and capital gains tax! All big issues for real estate. In relation to negative gearing, it would seem that a lot of people seem to think it is a benefit for the rich when in fact the majority of people … Continue Reading »

Our Backyard – Torquay!

GREETINGS FROM GREAT OCEAN ROAD REAL ESTATE – TORQUAY

Compliments of Domain.com.au :

‘On Tuesday The Reserve Bank decided to cut official interest rates to a new record low of 1.75 per cent – the first change in rates since May last year and surely further great news for real estate for the most part!

The Bank has acted in part to stimulate an underperforming local economy. Low interest rates continue to support housing market activity, … Continue Reading »