15th February 2013
LORNE – GENERAL MARKET ROUND UP.
All the pointers of a changing fortune in the coastal real estate markets are continuing to align themselves. Australian shares have risen to their highest levels in intra-day trade for nearly three year, with the key S&P/ASX200 index breaking through the 5,000 point barrier.
There was also a nice kick up from the Westpac/Melbourne instate consumer sentiment index. The measures of consumer’s confidenceof agents have failed to paint the true picture of what the market is saying. Those professionals that are prepared to have the hard discussions with their vendors and have prices aligned to where the market sits today are the ones that are getting results.
While every seller may not want to “meet the market”, that’s OK but if you want a result it’s a must! I had a great discussion with my stock broker during the week as we overviewed my portfolio with specific mention about my B.H.P shares and wanting to re-coup what I paid for them back in 1997, I have two choices – accept the market price today or revisit the stock when the market improves.
We can report good volumes in the first half of February with a vacant block in Dorman Street being contracted and a brilliant modern dwelling in Tradewinds Ave selling for in excess of $1.5m being the highlights of the past week.
YOU MUST HAVE A LOOK AT THIS!
A renovated holiday house with a view for $665,000 – Yes
you had better believe it. Behind the original facade of this two bedroom fibro beachside dwelling unfolds a freshly rejuvenated residence for your immediate enjoyment.
It must be inspected to be believed!
25 Dorman Street, Lorne – https://www.lornerealestate.com.au/4930
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