Our Backyard

‘Lorne – Market Round Up' Another week has passed without the erosion of the past weeks gains and a continuing showing of increased confidence across most major market sectors. The Melbourne residential property market last weekend experienced its strongest clearance rate over such a large volume of stock as at any stage of the past two years. The Australian all ordinaries index continues to hold ground on excess of 5000 points and Clive Palmer has set out to rebuild the Titanic!!

I think it is fair to say that all the ducks seem well and truly aligned and market well poised for the months that lay ahead.

‘Lorne – Weekly report’. The summer of 2013 is now behind and the lines in the sand beginning to dry. The three high sales volume months of December, January and February have combined to produce levels of turnover not consistently experienced through the past two summers. There has however been one major underpinning factor to these results – PRICE!! These results have not been by accident but as a result of the “tough decisions” between agents and vendors, and the subsequent re-alignment of asking prices very tightly echoing the sale prices of today.

In the majority, those who have been guided