When the RBA board had its last meeting in August, it studied a generally healthy economy with steady growth in both retail sales and employment, the heat coming out of the real estate market, and overall growth expected to be just above 3 percent for 2018 and 2019.  Inflation remains relatively subdued at 2.1 percent. The only concern was the ongoing drought in NSW and much of Queensland.

Last week Westpac and Suncorp applied an out of cycle 14 basis point increase to variable interest rates for owner-occupiers and investors.  It remains to be seen if (or when) the other major banks follow suit.

The real estate market in our area has produced some good solid results in the past week with a five-bedroom “entertainer” in Warrandyte with pool, cascading spa and fabulous alfresco decking with stunning views selling for $2,650,000.

If you’re thinking of selling before Christmas, now is the time to start planning. Talk to our team about a targeted marketing campaign for your home.

Sales this week include:

• 30/78 Manningham Road, Bulleen sold for $540,000
• 19 Keogh Street, Burwood
• 6 Sugarloaf Close, Burwood East sold for $887,000
• 14 Jolen Court, Donvale sold for $1,220,000
• 11 Thomas Street, Doncaster East sold for $1,220,000
• 86 Deep Creek Drive, Doncaster East sold for $1,575,000 (pictured above)
• 19A Martha Street, Donvale sold for $750,000
• 7 Kampman Street, Bulleen sold for $1,763,000
• 8 Cerberus Street, Donvale
• 43 Tracey Street, Doncaster East sold for $1,350,000
• 6 Bridgeford Avenue, Blackburn North sold for $1,007,000
• 8/51 McCulloch Street, Nunawading sold for $515,000
• 10 Inglis Street, Box Hill North sold for $1,160,000
• 411/1B Colombo Street, Mitcham

Currently under offer:

• 3 Crofton Terrace, Doncaster East
• 5 Melaleuca Avenue, Templestowe Lower
• 23 Campbell Court, Warrandyte
• 90 Tunstall Road, Donvale
• 6/117-119 Mitcham Road, Donvale
• 30 Heads Road, Donvale
• 1/69 Atkinson Street, Templestowe
• 12 Avon Street, Bulleen
• 1/2 Ada Street, Doncaster