Archive for September, 2014

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

YOU’VE FOUND THE PERFECT PROPERTY – WHAT NEXT…?

1. Know that negotiation is a process

Acknowledging the reality that negotiation is a two-way street can help make the process less daunting. Each party – the buyer and the seller – need to gain something from the transaction and feel happy with the outcome. So expect some give and take.

Putting yourself in the seller’s … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate

Thought we would touch on the local rental market this week with a huge take up of permanent rental properties over the last six weeks. In Torquay, availabilities have dropped from 83 to 35 with our lettings indicating the majority of tenants coming from Melbourne seeking the ‘ trial ‘ sea change or relocating with work or business. A good percentage are self employed … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

The Reserve Bank announced this week a continuation of the current setting for official interest rates over the month of September.

Interest rates have now been on hold for 13 consecutive months, the longest steady sequence since 1998.  The previous movement on official rates was August last year when rates were out to the current 60 year low of 2.5%.

Mortgage rates however remain competitive … Continue Reading »