Archive for December, 2013

Our Backyard

Lorne – Market Round Up
As many of our visitors arrive for their summer vacation it is always a great opportunity to catch up and see what has been going on in the “big smoke”. With me, my topic of interest is of course real estate and the property market and it is always good to get a report for my colleagues working at the coal face.
There appears to be a … Continue Reading »

Our Backyard

Lorne – Market Round Up
In a recent article in the Age newspaper it was reported that Melbourne’s recovering property market has helped the State Government maintain its surplus target and credit rating with revenue from stamp duty exceeding expectations this year.
On Friday last, Treasurer Michael O’Brien released the Governments mid-year budget update, which revealed higher than expected stamp duty had helped off-set lower than expected gambling and payroll tax collection.
The … Continue Reading »

Our Backyard

General Market Roundup According to a National Australia Bank survey the number of new owner-occupier housing loans rose by 1.0 percent in October, the ninth increase in the past 10 months. First home buyers accounted for just 12.6 percent of all loans, up from the record low of 12.5 percent in September. Business conditions at 15 month high: The NAB business confidence index eased from +6.1 percent to +5.3 percent … Continue Reading »

Our Backyard

Lorne – Market Round Up
The Reserve Bank has again decided to leave the cash rate unchanged at 2.5 percent in December. In its statement the bank notes that there are “reasonable prospects” of a pick up next year in global growth. The bank notes that the housing and equities market have “strengthened further” in recent months which should eventually support investment.
The improvement in the national housing market continues to be … Continue Reading »