Our Backyard – Anglesea

Welcome to Anglesea.

Sydney property prices are up almost 12% over the past year and Melbourne prices are almost 8% higher.  Some agents are blaming foreign buyers, other agents claim it’s the trustees of the self managed super funds.

Yet mortgage data from the Australian Bureau of statistics supports the view it is domestic investors, with would be first home buyers on the sidelines.  With record low interest rates, low returns on term deposits and investors prepared to take more risk with their money for the first time since the global financial crisis.

For the first home buyers, the state based incentives have been wound back.  Investors are not only piling into property, but also into Australian shares, where prices are at five year highs.

 

OPEN FOR INSPECTION

Saturday November 9

50A Jackson Street, Anglesea  1.00 – 1.30

12 Arinya Street, Anglesea  2.00 – 2.30

 

Sunday November 10

2/17 Walker Street, Anglesea 12.00 – 12.30

15 Frederick Street, Anglesea 1.00 – 1.30 

 

Geoff Lewtas                                                                       Ian Lewtas

0417 552 522                                                                       0419 511 428

geoff@greatoceanroadrealestate.com.au                      ianl@greatoceanroadrealestate.com.au

Leave a Reply

Your email address will not be published. Required fields are marked *