Archive for November, 2013

Lorne – Market Round Up
A recent survey has found the majority of Australians are comfortable with their finances and are saving money at record levels.
The tenth annual National Consumer Sentiment Survey from Mortgage Choice tapped 1,015 Australians and discovered that 56.9% were either “very comfortable” or “reasonably comfortable” with their individual financial situations.
When asked “how often do you worry about your finances”, just 16.2% said they worry on a … Continue Reading »

Our Backyard – Lorne

Lorne – Market Roundup
An interesting wake up reminder of the Melbourne Auction results last weekend with clearance rates back in the 60’s and buyer numbers noticeably lower than past months. On the back of our building optimism and reported increases in consumer confidence what does all this mean?
A great midweek article by Property Observer made two very good points that are soooo relevant in our current market place. According to … Continue Reading »

Our Backyard – Lorne

GENERAL MARKET ROUNDUP
Economists believe rising property prices have helped boost a closely watched consumer confidence measure to its highest level in almost three years. The Westpac-Melbourne Consumer confidence index for November has climbed by 1.9 to 110 points.

A result above 100 indicates that there is a growing number of optimistic consumers. Westpac’s Bill Evans says the index shows people expect home prices to continue to rise in the short term. … Continue Reading »

Our Backyard – Lorne

Lorne – Market Roundup
R P Data released the October housing market results and confirmed a 1.3 per cent rise across the combined capital cities index over the month with the rolling 12 month combined capital cities index growth rate recording its fastest pace in three years.
Combined capital city dwelling values increased by 7.9 per cent over the last 12 months and are up 8.2 per cent year to date. R … Continue Reading »

Our Backyard – Lorne

‘Lorne – Market Roundup’

The continued talk appears to be around the ongoing performance of the Melbourne Residential property market following last weekend’s massive auction offering. With an offering just in excess of 1500 properties, it was the largest recorded display of Melbourne property.
Equally impressive was the clearance rate on the day of almost 75% which was almost 15% higher than the corresponding time five years ago. This continued market … Continue Reading »