Talk Around Town

To all our clients living outside of Victoria, congratulations you have done extremely well to date with the balance of handling this pandemic and keeping your State working, jobs safe and the economy bubbling along.

To all of us Victorians bunkered down in Mexico, it has been a tough time for all of us. Lockdowns 1,2 and 3, business recovery halted, business shutdowns and a general feeling of jealousy when looking at other States, watching how they have handled outbreaks as we hover around our kitchen tables.

The vaccine has finally arrived on our shores and has begun rollout. Whilst this may take a few months to complete hopefully this is the beginning of the end of these lockdowns.

When I was in Ireland a few years back, I experienced Lock-ins, where those inside the pub at closing time where locked in and the constabulary locked out as the party continued long into the night. Give me an Ireland Lock-in over a Victorian Lock-down any day of the week.

Interest rates are holding steady at the lowest levels on record and some pundits say this will eb the case for the next 2 years, I say no that is not the case, if property in Sydney & Melbourne continues to raise towards the projected 18% increase over the next 2 years – I can see the RBA increasing interest rates in the second half of this year to tamper demand in the housing sector and slow the burners a little. The Banks are doing their best to slow the markets, given the average home loan is now taking 6-8 weeks for approval – if you are considering looking at purchasing a home or bidding at an auction, start the loan application well before you bid or buy a home. Get pre-approved early on.

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