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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

<strong>‘Lorne – Market Round Up’</strong>
The Real Estate Institute of Victoria reported that after lowering the cash rate last month, the Reserve Bank has decided to hold rates steady last week at 2.5%. In its statement, the Bank notes that the current cycle of easing in the monetary policy has “supported interest – sensitive spending and asset values”. The bank also stated that there are “signs of increased demand for finance … Continue 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’
When the final siren sounds to signal the end of tomorrows AFL Grand Final, history tells us that from the following weekend our coast starts to come alive again and momentum begins to return to our coastal leisure markets which are well poised to build all last years numbers.
Our visitors will cruise down the coast with the Melbourne residential market having “soared up” existing equity in … Continue Reading »

Our Backyard

Lorne – Market Round up

Last week I was fortunate enough to be able to attend the Victorian Real Estate Institute annual conference and with just over 1,000 delegates in attendance it was a great opportunity to get a state-wide perspective of the market. What was very interesting to me being what I was hearing was so similar to the coast in that volumes of transactions have increased marginally, but without … 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 »