Great Ocean Report – End of financial year roundup 2023-2024
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The 2023/24 financial year was influenced by interest rate and Land Tax rises which has had a dampening effect on the Surfcoast property market. When we say a dampening effect, we are really comparing the performance to the Covid period where we saw unsustainable capital gains and high sales volumes. With those drivers having dissipated…
Great Ocean Report – Winter 2024
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Welcome to our Winter 2024 report. Obviously being winter the coastal market is quieter in terms of foot traffic however, interest in the coast from an emotional and lifestyle aspect point remains high. What a lot of market participants, both buyers and sellers, are looking for is increased economic clarity in the path ahead to…
Great Ocean Properties Report – Autumn 2024
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Welcome to our Autumn 2024 report. There is a lot happening in the world of property and as usual we will do our best to demystify what is happening. Currently there are many layers to the performance of Australia’s property markets and it very much depends on where you are, what type of property you…
Great Ocean Report – Summer 2023-4
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Welcome to our early Summer Great Ocean Report. It is a fascinating time in the Australian property markets at present with different markets performing at different levels and even different styles of properties within those markets achieving different results depending on their price and appeal. Most metropolitan markets have been fairly robust through 2023, despite…
Great Ocean Report – Spring 2023
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Welcome to our Spring Great Ocean Report. There is a lot happening in the property markets at present with plenty of mixed messages in the commentary so as is our usual mission with our Great Ocean Reports, let’s try and uncover what’s really happening. One of the simplest ways to understand a property market is…
Great Ocean Report – End of financial year roundup
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The 2022/23 financial year was dominated by interest rate rises which reduced sales volumes along the Surfcoast. While the volumes were down the values were remarkably steady from the previous financial year in most areas. So, let’s look at the performance of each of the towns during this period. As a reference, these sales are…
Great Ocean Report – Autumn
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Welcome to our Autumn Great Ocean Report. As real estate agents, we get asked a lot “how is the market?” But lately it’s reached heightened levels as both potential buyers and sellers try and work out what is happening. As usual with our reports we will try and deconstruct this. The easiest way to deconstruct…
Great Ocean Report – Summer 2022
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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…
Great Ocean Report – Spring 2022
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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…
End of Financial Year Roundup 2021/2022
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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…
Great Ocean Report – April 2022
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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…
Great Ocean Report – February 2022
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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…
Great Ocean Report – December 2021
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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…
Great Ocean Report October 2021
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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…
Justification for purchase
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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 –…
The wealth effect
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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…
End of Financial Year Roundup 2020/2021
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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…
Metaphors for life
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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…
Great Ocean Report May 2021
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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…
Buyer Fatigue
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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…
Great Ocean Report February 2021
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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,…