Archive for March, 2014

Our Backyard – Lorne

Lorne – Market Round Up
Consumer confidence has fallen to a ten month low in March, with pessimists now outnumbering optimists.
The Westpac – Melbourne Institute of Consumer Sentiment has now fallen 10.9 percent from its recent post-election high of 110.3 to read 99.5 in March. A reading below 100 means that pessimists outnumber optimists in the consumer survey.
Westpac’s senior economist Matthew Hassan says initial falls in the index appeared related to … Continue Reading »

Our Backyard – Lorne

Lorne – Market Round Up
The Melbourne residential real estate market continues to build good momentum on the back of the second consecutive weekend with in excess of 1,000 residential auctions and a strong clearance rate of 73% from the 1,127 auctions.
With the Labour Day long weekend this weekend there are 280 auctions scheduled as opposed to 206 that have been flagged for the same time last year. According to R.E.I.V. … Continue Reading »