Archive for June, 2014

Our Backyard – Lorne

Lorne – Market Round UP
The last week of the fiscal year is always a busy time of the financial year and a great time for the numbers to be entering the spreadsheets and the K.P.I’s coming out the other end to point the picture on the data. Our forecasts have been that the average house price is likely to have softened through the past twelve months but increased volumes of … Continue Reading »

Our Backyard – Lorne

Lorne – Market Round UP
The next twelve months according to all reports is likely to be “steady as she goes” but being a glass half full type of person, I am hoping that we may see a bit more activity in the next twelve months than what we have in the past twelve. The murmurings of the Federal Budget are now behind us and there appears to be an undercurrent … Continue Reading »

Our Backyard – Lorne

Lorne – Market Round UP
This week my attention turns to the holiday rental market in Lorne and the proposed increase from the Surfcoast Shire with regard to rates. The intention of the Shire has been to raise the rate of a holiday property that is utilised for commercial purposes from 100% to 170% and reduce the commercial rate from 190% to 170%. As you can well imagine this caused an … Continue Reading »

Our Backyard – Lorne

Lorne – Market Round UP
Big news of the week was the Reserve Bank of Australia keeping the cash rate at 2.5% as they continue to endeavour to kick start the economy. On the back of last month’s Federal Budget and the weakening of consumer confidence the Reserve Bank appears to be concerned by the lack of stimulus across most sectors.
The Melbourne property market according to R. P. Data saw Melbourne’s … Continue Reading »