Welcome to our Summer 22/23 Great Ocean Report
As 2022 ends and we launch into a new year it’s a great time to take stock of what’s happening in the property markets and try to explain what is likely to happen as we move into 2023.
As we have all seen, interest rates have risen steadily, and this has softened what was the unsustainable … Read the full post »
Welcome to our Spring Great Ocean Report.
There is a lot of media reporting and predictions about the state of the property market at present, so as is our usual mission in our reports, we will do our best to help you understand what’s happening.
Obviously, we are seeing that the Reserve Bank has a clear objective to bring inflation under control and they … Read the full post »
The 2021/22 financial year was, in many ways, a tale of two halves. The June to December period was the end period of FOMO (fear of missing out) that was the overriding sentiment of the previous financial year. Whereas the January to June period saw FOMO dissipate as interest rate rises dampened the overall buyer activity but with still some … Read the full post »
Welcome to our Great Ocean Report for April 2022 and as usual, there is a lot of commentary around what is happening in the property markets so let’s try and work out what is actually happening.
As we suggested in our previous Great Ocean Report, the return to the normality of life post peak COVID has taken the FOMO (fear of missing … Read the full post »
Our first report for 2022 and as usual there is a lot of reporting in the media about the real estate market so let’s try and make sense of what is happening.
Typically in February there is a lot of reporting about what happened in the previous calendar year as all the results are collated and presented. Needless to say, it was an … Read the full post »
As usual there is a lot being written about the property market at present and plenty of predictions as to what may occur. As is our usual mission, let’s see if we can break down what is actually happening and see if we can work out what lays ahead.
The most publicised indicator of the property market performance is the metropolitan property market … Read the full post »
Welcome to our Spring Great Ocean Report. Currently there is no amount of superlatives that can do justice to the active state of the property market at present and in particular, the coastal property market.
If you have dealt with us at Great Ocean Properties previously, either as a buyer or seller, you will know that the methods of sale that we use … Read the full post »
Possibly the most discussed subject in real estate at present is the level of prices being paid and how much they have increased over the past 18 months.
The rate of increase varies from area to area, however as agents working at the coalface, we have been genuinely surprised – and at times shocked – at the prices being paid for some … Read the full post »
An interesting by product of a buoyant real estate market is a phenomenon called the wealth effect.
You hear it used by economists as a term to explain favourable economic data, particularly in regard to consumer spending and it usually always coincides with rising house prices.
The premise is quite simple. As property owners see the value of their main asset (their home) … Read the full post »
The 2020/21 financial year was an incredible year for real estate activity on the Great Ocean Road. Both in terms of the volume of transactions and price increases across the entire coast. Much of this was initiated by a psychological response to COVID lockdowns and buyers seeking lifestyle and then progressed to a FOMO (Fear Of Missing Out) market as prices … Read the full post »
