Author Archive

Our Backyard

‘Lorne – Market Round up’. According to the latest RP data weekly report Melbourne house prices have increased 2.9% from January 2013 until now. Albeit that this increase is only minor the positive is that negative growth appears to have been confirmed as “bottomed out”. If history is our guide it will take some time before we return to double digit average house price growth but we are gradually heading … Continue Reading »

Our Backyard

Open Houses this weekend

LORNE
Saturday 10th April
12:00pm – 12:30pm 73 Grant Street, Forrest
12:00pm – 12:30pm 5/3-9 Armytage Street, Lorne
1:00pm – 1:30pm 15 Grant Street, Forrest
2:00pm – 2:30pm 2630 Colac-Forrest Road, Forrest
4:00pm – 4:30pm 30 Bambra-School Road, Bambra

Auction this Sunday

10-14 Hendy Road LORNE Sun 11th of Apr @ 2:00 pm… Continue Reading »

add title

Open houses this weekend

LORNE
Saturday 4th September
11:30am – 12:00pm 23 Pennyroyal Valley Road, Deans Marsh
12:00pm – 1 Road, Bellbrae
2:00pm – 2:30pm 3 Nestor Court, Torquay
Sunday 5th September
12:00pm – 12:30pm 7 Loch Lomond Crescent, Torquay
1:00pm – 1:30pm 2/153 The Esplanade, Torquay
1:00pm – 5:00pm 25 Longshore Street, Torquay
2:00pm – 2:30pm 2/3 Hoylake Avenue, Jan Juc

Forthcoming Auctions
27 Longshore Street, TORQUAYContinue Reading »

Our Backyard

‘Lorne – Market Round up’. RP data have released an interesting article on “why aren’t dwelling values increasing at the same pace as the last growth cycle”, comparing the growth after the Global Financial Crisis in 2009 as opposed to the period post June 30 2012 when there were positive signs returning to the market. The lower rate of capital gains over That, large http://smart-trip.ro/index.php?zestril was time have. Good … Continue Reading »

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 »

Our Backyard – Lorne

‘Lorne – Market Round up’.
Over the past couple of weeks I have been studying with interest R.P Data’s Barwon Market Review report which includes the five municipal areas of Great Geelong, Queenscliff, Colac Otway, Golden Plains and Surfcoast Shires.
This report highlights on the final stage of the Geelong Ring Road which has been officially opened at the beginning of the year and the maximum benefit to our region yet to … Continue Reading »

Our Backyard – Lorne

‘Lorne – Market Round up’.
The big news of the week was the Reserve Bank of Australia keeping the cash rate on hold as we break into the new financial year. The cash rate remained at 2.75 precent, a 53 year low after the last RBA cut in May.
“At the latest RBA board meeting the board judged that the easier financial conditions now in place will contribute to a strengthening of … Continue Reading »