Archive for October, 2014

Our Backyard – Lorne

General market update:

I’m sure you have followed my optimism over recent months with where the Lorne property market sits and how it is influenced by what happens in the blue moon Melbourne residential markets. Well to update you I can confirm that according to R.P data Melbourne’s residential have prices continue to gather momentum.The year to date records confirms that Melbourne has experienced on 8.4% increase in residential property values … Continue Reading »

Our Backyard – Lorne

General Market Update

Results reported last weekend in Melbourne were again really positive with a clearance rate of 74% from 843 Auctions. This is 15% higher than the same time 12 months ago. The flow on for the coast is more buyers in the market in a position to afford lifestyle properties or better still making the move permanently. We have this sold properties to people that have experienced the recent … Continue Reading »

Our Backyard Lorne

General – Market Roundup.

The big news of the week has been the Reserve Bank and their decision to keep interest rates at 2.5% for the 14th consecutive month, being the longest rate hold in more than 10 years. In a statement, RBA Governor Glenn Stevens said the Bank expected growth to be a little below trend for the next several quarters.

Furthermore Westpac Chief Economist Bill Evans has made the … Continue Reading »

Our Backyard Lorne

General – Market Round up’.

Over the past months I have been busy analyzing the Lorne property market statistically as I do each year at this time and there is one thing glaringly obvious to me – “Lorne has never represented better value than it does today”. Over the past decade we may have suffered from a “stigma” of opinion and attitude to things like the Erskine House redevelopment , … Continue Reading »