Archive for February, 2014

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

Good News On Rate Hold..

Enzo Raimondo, CEO of the REIV writes… “Despite all the optimism which accompanied the growth in Melbourne’ house prices late last year, there have been signs that the market may slow in 2014. So it was good news that the Reserve Bank maintained interest rates at their record low, as announced earlier this month. Low interest  rates … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

No doubt you have all heart about Chinese investment in Australia with the Foreign Investment Review Board recently reporting that the Chinese are buying more property in Australian than ever before. The trend to date according to the largest Chinese based property website has been investment in the major centres of Sydney, the Gold Coast, Brisbane and Melbourne. However, in recent months there … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

How To Apply For a First Home Buyer Grant

If you’re a first home buyer you probably know that you’re eligible for government assistance, commonly known as first home owner grants.  But how exactly does this work? And how much do you get?

Differences across Australia

The process is similar across Australia, but there are differences between jurisdictions. In all states and mainland territories, you … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

In line with economist predictions, the Reserve Bank has chosen to keep the official cash rate on hold at 2.50% p.a. following their first meeting of the year.

Governor Glenn Stevens flagged stability was needed to continue to foster growth in 2014, calling overall conditions “very accommodative.”

“Commodity prices have declined from their peaks but in historical terms remain high,” said Mr Stevens.

“In Australia, information becoming available … Continue Reading »