Latrobe

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La Trobe Financial established a Disaster Relief Package which will pay loan interest and charges for 12 months for those who lost their homes to the bushfires.
They will also provide access to interest-free loans to help cover any gap between insurance payouts and the cost of rebuilding, and allow fee-free withdrawals from investments in the La Trobe Australian Credit Fund.
La Trobe Financial President &amp; CEO Greg O’Neill OAM says: “true to our philosophy of others before self, we are determined to look out for our customers and offer meaningful support to those affected through this very challenging time.”
For other customers experiencing hardship because of the bushfires, La Trobe Financial will defer loan repayments for up to 12 months, help with finance on discounted terms to cover property repair costs or support a small business, and make it easier to access investments in the La Trobe Australian Credit Fund without incurring fees.
For customers who are volunteer firefighters, La Trobe Financial will also offer financial help including deferral of home loan repayments for up to six months.
The Disaster Relief Package is in addition to La Trobe Financial’s recent $1 million donation to assist people affected by the bushfires across Australia.
The donation was split between The Salvation Army Disaster Appeal and the Australian Red Cross Disaster Relief and Recovery Fund.
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La Trobe Financial to pay loan interest for homes lost in the bushfires for a year

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Greg O'Neill, chief executive officer of La Trobe Financial, has spent $20 million plus to buy a Red Hill farm on Victoria's Mornington Peninsula. 
The 120-hectare Watermill Estate was previously home to the Watermill Murray Grey stud.
It continues farming operations, running a herd of about 200 Angus steers. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/18/la%20trobe%204.jpg" alt="">
Spread across 12 titles at 725 White Hill Road, the Watermill Estate had not changed hands for almost 30 years. 
It previously traded in 1982 for $69,750.
The vendor was Melbourne-based Samdee Nominees, whose sole director and shareholder is Wendy Olenick, according to the Australian Financial Review.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/18/la%20trobe%201.jpg" alt="">
Watermill was put up for sale in May with Cushman &amp; Wakefield.<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/18/la%20trobe%203.jpg" alt="">
The acquisition comes less than two years after O'Neill sold an 80% stake in La Trobe Financial to American private equity giant Blackstone.
O'Neill's late father, Ray O'Neill, founded La Trobe in 1952 and then handed the reins to his son in 1997. 
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La Trobe Financial CEO Greg O'Neill buys Watermill Estate at Red Hill

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Over the year to February 2019, dwelling sales were down -10 per cent across the Latrobe-Gippsland region, although current sales activity is in line with the five year average for the region, according to the latest CoreLogic regional report. 
Dwelling values across the Latrobe-Gippsland region increased year-on-year with house values increasing by 5.9 per cent over the 12 months to March 2019, while unit values were up by 7.9 per cent over the same period.
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<a href="https://www.propertyobserver.com.au/images/2019/6/5/geelong%202.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/geelong%202.jpg" alt="">
 
Source: CoreLogic 
 Renting is more expensive across the region with advertised rental rates up $20/week for houses and $15/week for units over the year to March.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/geelong%203.jpg" alt="">
 
<a href="https://www.propertyobserver.com.au/images/2019/6/5/geelong%204.jpg" target="_blank">Click here</a> to enlarge: 
 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/geelong%204.jpg" alt="">
Source: CoreLogic 
The time a home sits on the market across the region has improved with the average house selling 17 days faster, and the average unit selling 10 days faster when compared to February 2018. 
The average vendor is offering less of a discount to secure a sale over the same period.
<a href="https://www.propertyobserver.com.au/images/2019/6/5/cairns%205.jpg" target="_blank">Click here</a> to enlarge: 
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/cairns%205.jpg" alt="">
Source: CoreLogic 
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