Archive for January, 2014

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

Aussie Global Leader

Australian house prices have grown faster than those in any other major economy and are forecast to outstrip even countries recovering from the GFC in 2014. But low interest rates, high incomes and only modest employment declines mean Australian houses are still relatively affordable, says credit ratings agency Fitch.

Australian house prices have more than tripled since 1997, accelerating past other countries … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

Look beyond the figures for signs of a resurgence in 2014.

First-home buyers were a rare commodity in the property markets in Melbourne last year, with the ending of state government incentives for buyers of existing properties and ongoing competition from investors leaving them on the outer.

Figures from the Australian Bureau of Statistics last week showed that the number of first-home buyers as a … Continue Reading »