While some soon-to-be first home owners may have groaned when their hopes of an interest rate cut this month were dashed by the RBA’s Governor Glenn Stevens, many in the finance community noted the decision to hold our interest rates steady at 3% as a step in the right direction, and an indication of stability. Today, C&G write on the positive stance taken by the RBA in anticipation of a strong market for 2013.
2012 was a year that involved watching and waiting for many aspirant and current property-owners. Who would move first? Market expectations or market forces? The RBA observed the economy carefully last year, responding with a series of interest rate drops from 4.25% down to our current (historic) low of 3%. The Australian dollar remains high – something unlikely to change until our northern neighbours in America and Europe fully address the economic challenges they face. That said, both Europe and the US are working through their issues – America in particular bringing down deficits effectively. China is beginning to re-invest in Australian iron, with exports strong for the last quarter paired with a 6% increase in price per tonne. Inflation is controlled at 2-3% (acceptably within forecast) – the RBA’s major concern is in relation to employment. Australia’s wages continue to be high, making our exports far from competitive and restricting the growth of small business growth. It’s not all bad news though – happily, residential investments have grown (particularly for units) in capital cities across the board. The RBA’s ‘wait and see’ approach for February should be interpreted as a sign of confidence. Although the economy has improved, the RBA will wait to see the full ‘trickle down’ effect of 2012’s rate cuts before considering any further discounts to the cash rate.
More locally, the bayside areas of Melbourne are enjoying strong consumer demand. With the property market far from over-supplied, Chisholm & Gamon are anticipating a busy and successful tail end to summer real estate sales. Many economists suggest a further two rate cuts over 2013, whilst UBS predict a rate cut in March (touting a 62% chance of one, in fact!) Regardless of further cuts, the home buyer has returned to market in 2013 hungry for the opportunity to purchase before rates begin their inexorable climb upwards, locking them out of blue chip suburbs which grow in value annually. Remember – it’s not about timing the market – rather, investment successfully centers around purchasing intelligently and spending time in the market.
Melbourne’s a city that loves a festival – and we’re starting things off on the right foot in 2013 with the 14th Sustainable Living Festival in February. Rather than greenwashing with eco-babble, the SLF aims to raise awareness and provide tools for change when it comes to the ecological and social challenges we face in Australia. Today’s Chisholm & Gamon blog highlights the best of the festival, comprising of a festival ‘Big Weekend’, talks, exhibits, films and workshops. Just remember – being eco-conscious and living mindfully doesn’t mean moving to the country – there’s lots of ways for urbanites to up their sustainability.
Thinking about a makeover for your garden as we come into autumn? Come along to the Australian Garden, Royal Botanical Gardens on the 9th and 10th of February and hear tailored advice from experts on how best to sustainably incorporate native Australian flora into your small city garden. There’ll be info for those who have only a balcony or rooftop to green, as well as tips for keeping native urban backyards flourishing year-round.
SBS favourite and lover of small gardens Indira Naidoo will be at the Green House on Birrarung Marr, Sunday 17th February from 1-2pm along with Mat and Fabian from The Little Veggie Patch Co. Hear Indira speak on her new book on balcony gardening, and have find out more about creating your own mini-veggie patch with the help of urban gardening pioneers The Little Veggie Patch Co.
- The Better Block Project Australian Tour
On Sunday 17th February from 1-2pm at The Edge Federation Square, meet Jason Roberts and Andrew Howard – the brains behind community-led project ‘America’s Better Block’. The Better Block project has brought about rapid urban revitalisation in cities across the US, changing formerly downtrodden environments into thriving, creative and economically sustainable towns. In the video below, Jason Roberts explains the Better Block project and how positive urban revitalisation can take place quickly. Raingardens, flower shops, coffee spots – it’s all good and it’s all sustainable!
- Guru Dudu’s Silent Disco
- Guru Dudu takes top-tapping Melbournites on a Silent Disco around the city’s most sustainable sites! Wear comfy shoes and leave your inhibitions at home – Guru Dudu will have you touring shops, streets, laneways and statues, interspersed with creative dance and your own silent disco flash-mobs. Headsets are provided, so you can ‘cut the rug’ or look on in bemusement – the choice is up to you! For further details and booking, click here.Click hereto download the complete festival program.
Trivia enthusiasts rejoice!
The time has come for another good old get together filled with games, laughter & prizes to be won!
Please find the detail below for this year’s Annual Trivia Night.
Date: Saturday 9th February
Time – 7pm onwards
Tickets – $10 per person, please contact Rachael at Elwood Life Saving Club on 9531 5755 for payment.
BYO food & drinks, alcoholic beverages can be consumed by members over the age of 18 providing it is done responsibly.
So come along, bring a friend or two and let’s help raise some money for our club!
Please RSVP no later than Wednesday 6th February
The 18th Annual Pride March is on this Sunday 3rd of February at 2pm
This highly anticipated annual event promises to be filled with music, food and atmosphere. Come and support the GLBTI community and march! All welcome, including family and friends.
Assembly cnr Lakeside Dve & Fitzroy St from 12 Noon
The march starts at 2:00PM
After-march entertainment in the Catani Gardens!
Click here for more information
With our very own Sam Gamon having tied the knot over the Australia Day long weekend and Valentine’s Day swiftly approaching, romance is certainly in the air all ‘round Melbourne. What better way for singletons to overcome the stigma of dating then, than with the nifty Five in Five project – put simply, it’s five dates in five weeks for charity. A great way to meet a potential new beau who shares your interests in the community and a fun way to raise funds for a cause you care about. Love is in the air, indeed!
As the Five in Five website says – ‘Be Bold! Be Strong!’ Go outside your comfort zone and meet some new people from your community to participate in the Five in Five project, running from the 2nd of February ‘till the 8th of March. If you’ve been holding a flame for someone you’re too nervous to ask out – now you’ve a BONA FIDE and socially responsible excuse to do so! Now, before you start with nightmare images of RSVP-style failed online dating experiences – know that Five in Five is ol’ skool dating at its best. That’s right, it’s about meeting people through friends, family, colleagues. Put the word out and see what your network of well-meaning pals will come up with. The rules are pretty simple.
- Make sure you’re single (of course)!
- Register your pledge to Five in Five
- Find a date (and then four more)!
Register by clicking here and pledging to go on five dates in five weeks – then spread the word and tell all your mates about your daring dating intentions. Once you sign up, you’ll be given your own fundraising page, which your peers can then contribute to – cheering you on as you seek the ‘special one’ – or at the very least, a good companion for a casual meal and a gig. Funds raised by Five in Five go to charities that support our local community, including the St Kilda Gatehouse-Drop In Centre which assists people exit the sex-work industry. They offer material help (food, shelter) in addition to emergency crisis care and counselling – an average of 18 women a day are assisted by this charity.
Best of all, the proof is in the pudding – last year’s Five in Five raised 46,000 for charity and resulted in a number of relationships and evening a wedding. Love to love you, baby!