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 »

In our current COVID climate, it’s easy to see a heightened sense of anxiety all around us. Anxiety is a terrible condition to live with and through necessity I’ve found it really helps if you can understand it and develop some tools that can assist in its management.

Anxiety and fear are mostly caused by our perception of what may or may … Read the full post »

As we draw towards the end of the financial year, we can look back at what has been an incredible period for most real estate markets in Australia, in particular regional property markets. For many years we have provided a breakdown of the performance of the Great Ocean Road towns at the conclusion of each financial year. We can already see there will … Read the full post »

In our last Great Ocean Report (published in the Surfcoast Times on March 4) we explored what we thought would bring this incredibly buoyant real estate cycle to an end.

Asset markets run in cycles, whether it be shares or property. When you are in the middle of the buoyant phase of the cycles, it feels like the new normal but history … Read the full post »

This report is being written during Dan Andrew’s “circuit breaker” lockdown and it has given us time to reflect on what has been the most incredibly busy summer on the Surfcoast.

In our last Great Ocean Report, we spoke about both the psychological factors (response to being locked down, people escalating their plans forward, etc) that were driving the property market and the … Read the full post »