Archive for February, 2014

Our Backyard

Lorne – Market Round Up
According to an R.P. Data report yesterday Melbourne has 46 suburbs with a median house price in excess of one million dollars. Toorak had the highest value at $2.756 million and Ormond the lowest at $1.005 million.
Values may range between Toorak and Ormond, however if you are a buyer it will be numerically easier to purchase in a suburb with a larger number of houses on … Continue Reading »

Our Backyard

Lorne – Market Round Up
During the week the Reserve Bank left interest rates on hold, and said that that is where they are likely to stay for some time.
The official cash rate target has now been steady at 2.5 percent for the past six months, after the RBA cut its benchmark rate by 25 basis points in August, The decision during the week marks the longest period of interest … Continue Reading »