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Harry Predicts Fall in Interest Rates

Wednesday, 30th November 2011

Billionaire property developer, Harry Triguboff expects only one decision when the Reserve Bank meets next week - a further drop in interest rates.

Billionaire property developer, Harry Triguboff expects only one decision when the Reserve Bank meets next week - a further drop in interest rates.

"This is the last opportunity for the Reserve Bank to drop interest rates this year as as they don't meet again until February, I believe this is the decision they need to make, and should make," Mr Triguboff said.

"I don't believe the Reserve Bank will keep rates at the present levels," he said.

And we should listen to the man.  Back in July 2009, pundits laughed when Harry Triguboff bullishly predicted interest rates would drop by one percent.  He stood alone in that prediction and he was the only one who got it right.

"If you want to see the economy improve, we must do more to help people invest in property," Mr Triguboff said.

"Keeping interest rates low is a very good place to start.

"Investing in the stock market should be secondary to investing in the property market because when the stock market crashes, you need something 'concrete' to fall back on.

"To build a better economy, we need to build more housing.  We need to make it easier for young people and investors to enter the property market and councils must make the approval process faster so we can build more, sooner.

"Help people get started, help them invest, help them use their superannuation for property.  Get them into bricks and mortar," he said.

And Meriton do their part by providing the right location, the best product and world-class facilities.

"I am thrilled we have now been able to release our first stage at Oceanvale at Warriewood," Mr Triguboff said.

"It took time but eventually we won against the objections of Pittwater Council and now the Northern Beaches will have a stunning development like no other in the area.

"Surrounded by the best beaches in the world and stunning National Parks, the location could not be better," he said.

In an area that has been screaming out for a low maintenance alternative for empty nesters leaving their larger homes, for young couples and families wanting to enjoy the spoils of the gorgeous Northern Beaches and for investors looking for that perfect beachside investment, Meriton has certainly found the very best position.

"The Northern Beaches is the soul of Australia and Oceanvale will capture the essence of the Australian dream," Mr Triguboff said.

"It will be an investment in life, for life.

"This is the optimum lifestyle in a secluded piece of Australian paradise in a still undiscovered property hotspot.

"All the essential ingredients for a perfect investment," he said.

OCEANVALE AT A GLIMPSE

Oceanvale lifestyle offers:

  • Resort lifestyle with pool and gym
  • On-site management
  • State of the art security
  • Extensive landscaped grounds
  • 10-minute level stroll to Warriewood Shopping Square
  • Surrounded by famous beaches, sporting facilities, golf clubs, shopping villages, restaurant and cafes
The apartments offer:

  • Stunning backdrop of the natural surrounds
  • Extensive use of glass
  • Single level floor plan
  • Open-plan living areas
  • Own terrace, balcony or courtyard
  • Air-conditioning
  • Internal laundry
  • Single or double parking
  • Storage
Priced from:

  • One-bedroom units - $425,000
  • One-bedroom plus study - $440,000
  • Two-bedroom - $525,000
  • Two-bedroom plus study - $565,000
  • Three-bedroom - $640,000
For more information about Oceanvale, visit www.oceanvalewarriewood.com.au


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