Archive for October, 2013

Our Backyard – Torquay

Greetings from the team at Great Ocean Road Real Estate, Torquay
How Negative Gearing Works
Negative gearing is a part of life for Australian investors, and a property buzz word. So what is it?  Gearing simply means borrowing money to buy an asset. In the case of property, you have taken out a loan to purchase a property.

Negative gearing means that the interest you are paying on the loan is more than the … Continue Reading »

Our Backyard – Torquay

Greetings from the team at Great Ocean Road Real Estate, Torquay
 
Interest Rates Remain on Hold
With the distractions of the federal election now behind the nation, the Reserve Bank has decided, as expected, to leave interest rates on hold again this month and are still at 2.5 percent. Despite the decision by the Bank to leave rates on hold, signs continue to grow of a weakening national economy. The unemployment rate … Continue Reading »