Ray White Mordialloc

What’s happening in our market? We’re into those lazy, hazy and some might say crazy days of summer! It’s been a turbulent fewmonths for property, but it seems that we might have finally seen the bottom of the market, with the media recently reporting an uptick in the market nationally, driven by a number of interest rate drops and loosening of borrowing regulations. The ABC has reported that the speed at which the housing market has bounced back had stunned many observers. So much so in fact that there is already talk of first home buyers being priced out of the market again, and investors are returning from their 12+ month hibernation thanks to the prospect of decent capital gains and relaxed lending restrictions. If the current pace is maintained, we will be back to record levels – particularly in the capital cities – before the middle of next year. The Treasurer Josh Frydenberg has been applying pressure to banks, directing the ACCC to immediately commence an inquiry into home loan pricing following the bank’s refusal to pass on rate cuts in full. But given the signs, awaiting an outcome (inMarch 2020 at the earliest) before deciding to buy is likely to offer little benefit. Take advantage of our household name to get your household successfully on the move! We’d love to show you the award-winning RayWhite difference, and have the know how and experience to help you maximise your sale price. Greg Scherwinski Director 0418 108 771 greg.scherwinski @raywhite.com Jim Kalogerakis Licensed Estate Agent 0407 446 606 jim.kalogerakis @raywhite.com