Archive for July, 2014

Our Backyard

Lorne – Market Round Up As I continue to dissect the numbers of the past financial year for the Lorne office and present a truly indicative summary of the outcomes one of the best indicators is volume of transactions of which we measure in both dollars and by numbers. The performance of our market to June 30 saw a period of constrained volumes where the year ranked as number 10 … Continue Reading »

Our Backyard

Lorne – Market Round Up According to R. P. Data Rismark June home values results released earlier this month confirmed that Melbourne dwelling values rose by 1.8% over June but are still lower over the quarter with a 2.4% fall. This further highlights some very short term variability against a stable background with a 2.9% rise over the first half of the year. Accordingly the market is well placed for … Continue Reading »

Our Backyard

Market Round UP

The big news of the week has been the Reserve Bank of Australia leaving rates on hold at a record low for the 11th consecutive month, awaiting further signs that the tapering of the resource boom will not lift unemployment.

Since the board met a month ago, Australia’s annual economic growth rate has shot back up above 3 percent while the unemployment rate has stayed flat at 5.8 percent … Continue Reading »