13th September 2019
Bank interest rates & savings accounts have been under the spot light this week, specifically with them being so low it’s hardly worth having cash in the account! With very little return on savings, older generations and pensioners in particular are complaining about how they can generate a return on their investment.
The Reserve Bank of Australia have made comment; saying an ageing population is actually partly to blame for ultra-low interest rates. RBA governor Philip Lowe has said ageing societies and high savings are contributing to low interest rates.
Previously undisclosed internal RBA research estimates that demographic change will cause interest rates to be 4 percentage points lower by 2050 compared with the 1950s when many Baby Boomers were born.
“The need to fund consumption in retirement creates a precautionary saving motive for workers,” note RBA economists Elizabeth Kendall and Daniel Rees.
“Uncertainty about the time of death ensures that retirees do not fully draw down on their accumulated assets in retirement.
“All else equal, higher household saving boosts the capital-to-labour ratio, reducing the marginal product of capital and the neutral interest rate.”
Source: https://www.afr.com/policy/economy/rba-blames-baby-boomers-for-low-interest-rates-20190909-p52pdu
With many traditional investment options such as the stock market, bonds and long term savings accounts making people feel uneasy, it really does reinforce that property offers security with tangible ‘bricks and mortar’. Buying property on the coast providing a solid investment for your financial future but more than that, it provides a beautiful environment to retire to or enjoy now!
If you are looking for a spiritual Saturday tomorrow, after you have visited us at all our open for inspections, you can then bed in your manifestations & visualisations at Point Roadknight Beach. Great Ocean Road Wellness are offering ‘Full Moon Yoga and Meditation’ from 5.30pm – 6.30pm (moonrise at 6.15). The experience is completely free and you are welcome to take along friends, all you need to take along is your yoga mat and some warm clothing. This month’s full moon is in Pisces, which is my sign and of course represents water!
UNDER CONTRACT
9/141 Great Ocean Road, Anglesea
ALMOST GONE!
8/105 Great Ocean Road, Anglesea – Ben has had incredible interest in this property and will be sold early next week!
JUST LISTED
12 Sixth Avenue, Anglesea – Private Sale $1,350,000
Prime Point Roadknight location – with an easy stroll to either the front or back beach, yacht club, walking tracks around to main beach / surf club. A great single level beach house / cottage style home with loads of character and charm. Beautiful built over 50 years ago with hard wood floors throughout and timber lined walls giving this property a lovely warm feel. The real opportunity is the perfectly flat block of approx. 1392 sqm ready for a new home site whilst offering to easily enjoy the existing home whilst getting your plans and permits in place. Speak to Kellie for further information.
Looking forward to seeing you at the open for inspections or private appointments. Have a lovely weekend.
Kind Regards
Kellie Saddington
Ph: 0488 980 994
kellie@greatoceanroadrealestate.com.au
http://kelliesaddington.com.au/
Open For Inspections
Saturday 14th September
8/105 Great Ocean Road Anglesea 11.00 – 11.30
5/4 Noble Street, Anglesea 11.45 – 12.15
12 Wray Street, Anglesea 11.00 – 11.30
210 Great Ocean Road Anglesea 12.00 – 12.30
8 Sparrow Ave, Anglesea 12.45 – 1.15
5 Fifth Ave, Anglesea 1.00 -1.30
