Archive for August, 2013

Our Backyard

‘Lorne – Market Round up’. One of the best financial indicators as to how our market is shaping business writing services for the upcoming summer selling months, is the trending of the Melbourne Residential property market. Historically our coastal market tends to run at a time lag of about six months depending on where we are in our seasonal cycle. You can imagine I was buoyed to read that … Continue Reading »

Our Backyard

LORNE – GENERAL MARKET ROUND UP

The big news of the week has been the Reserve Bank of Australia’s decision to cut the official cash rate by 25 basis points to its lowest point ever at 2.5%.

RBA Governor Glenn Stevens said the rate cut was a wise move for the board as data released earlier this month found headline inflation … Continue Reading »

Our Backyard – Lorne

‘Lorne – Market Round Up’ To round off my reviewing of the R P Data Barwon Region market review our attention this week focusses to Vendor discounting. The Vendor discounting figure tracks the difference between the price at which a home is initially listed for sale and the price at which it ultimately sells for, the figure is expressed as a percentage. A typical Barwon region house was discounted … Continue Reading »

Our Backyard

‘Lorne – Market Round up’. Last week I reported on the RP data report and the large reduction of transactions, specifically in our leisure markets and this week I thought it would be interesting to focus on some of the other demographic and dwelling types as reported in our region. At the time of the 2011 Census there were a total of 115,517 dwellings across the Barwon Region. Of … Continue Reading »