Archive for February, 2015

Our Backyard – Torquay

Greetings From Great Ocean Road, Torquay

Back-to-back interest rate cut on the cards..

Home owners enjoying the recent interest rate decrease may soon have another reason to celebrate. Finance gurus are tipping another rate cut may be on the cards in March. Last month the Reserve Bank of Australia reduced interest rates to 2.25% in a move predicted by some, but not all, economists. AMP Capital Head of Investment … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

‘Overcapitalising?‘

Overcapitalising – spending money which would not be recouped by an increase in a property’s value – is a risk for both investors and owner occupiers. While most experienced investors are wary about overspending and wise to avoid this trap, that’s not always so for newcomers to the investment market, or when improving on our own homes.

Creating Your Own “Home Sweet Home”

While some … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

‘ Costs every home buyer should be aware of ‘

On top of your deposit, there are a number of expenses associated with buying a home, including:

Home loan application fees.
Lenders Mortgage Insurance (LMI) : Lenders Mortgage Insurance (LMI), which insures your lender against any loss incurred if you default on your home loan, is payable on all home loans when you borrow approx 80 per cent … Continue Reading »

Our Backyard – Torquay

Greetings from Great Ocean Road Real Estate, Torquay

How great has the Autumn to date been ! Clear skies, balmy days and pleasant conditions all round. The last week has seen more sales in the Attunga Estate with only six of these affordable, flat residential allotments now available. In all March has been a great month for us and the year to date records clearly show more sales to March 20 … Continue Reading »

Our Backyard Torquay

Greetings from Great Ocean Road Real Estate, Torquay

Cash Rate reduced!  Great news! Or is it? While economic data continues to show weakness and after months of speculation on whether the cash rate (and subsequently interest rates) will drop, the Reserve Bank announced this week it has actually decided to drop the cash rate to 2.25% – the lowest in Australian recorded history. Prior to 1990 the Reserve Bank … Continue Reading »