Archive for January, 2014

Our Backyard

Lorne – Market Round Up
According to R. P. Data’s Robert Larocca, Melbourne renters have seen only moderate rises in rents over the past year, especially when compared to Sydney. At the same time investors have seen static yields but potentially benefited from improved capital growth.
Over the past year the median rent for a house in Melbourne has risen by $10 and by $8 for units. Currently the median rent for … Continue Reading »

Our Backyard

Lorne – Market Round Up
The Australian Bureau of Statistics (A.B.S.) released the Consumer Price Index results for the December quarter during the week. The December results provide a timely summary of consumer price rises up to the end of last year.
Headline inflation was recorded at 8% over the final quarter of the year and was 2.7% over the year. According to R. P. Data’s Cameron Kusher the most interesting fact … Continue Reading »

Our Backyard

Lorne – Market Round Up
R. P. Data’s Robert Larocca reported on the Victorian property market for the year ended 2013 and the message was clear – The year ended December 31, 2013 was certainly healthier than the previous year ended 2012; however the market still remains below its peak despite being supported by record low interest rates. The high volumes of auctions were, along with moderate rises in value, a … Continue Reading »

Our Backyard

Lorne – Market Round Up
According to the latest market report released by R. P. Data home prices across Australia rose by 1.4% according to the Capital Cities home price index. It was the seventh consecutive month that this index has shown an increase albeit that the rate of growth has been less through December and the previous five months.
The residential housing market of almost all our capital cities have performed … Continue Reading »