Archive for August, 2013

Our Backyard – Lorne

‘Lorne – Market Round up’.
One of the best financial indicators as to how our market is shaping for the upcoming summer selling months, is the trending of the Melbourne Residential property market. Historically our coastal market tends to run at a time lag of about six months depending on where we are in our seasonal cycle.
You can imagine I was buoyed to read that the current year to date clearance … Continue Reading »

Our Backyard – Lorne

LORNE – GENERAL MARKET ROUND UP

The big news of the week has been the Reserve Bank of Australia’s decision to cut the official cash rate by 25 basis points to its lowest point ever at 2.5%.

RBA Governor Glenn Stevens said the rate cut was a wise move for the board as data released earlier this month found headline inflation … Continue Reading »

Our Backyard – Lorne

‘Lorne – Market Round Up’

To round off my reviewing of the R P Data Barwon Region market review our attention this week focusses to Vendor discounting. The Vendor discounting figure tracks the difference between the price at which a home is initially listed for sale and the price at which it ultimately sells for, the figure is expressed as a percentage. A typical Barwon region house was discounted by 8.1 … Continue Reading »