5th April 2013
Lorne – General Market Round-Up
According to Dr Andrew Wilson, senior economist at Australian Property Monitors, the Australian housing markets have started 2013 encouragingly with solid indications of rising buyer activity and increased confidence from sellers. Historically low interest rates are the fuel of this emerging fire which is no real surprise given the typical impact of low mortgage rates on buyer activity in previous housing growth cycles.
The biggest difference we have noticed on the coast is that buyers are beginning to “re – open their wallets” after having them securely closed over the past two years. Albeit
reduction on Apartment 5 Point Grey has seen it released
for private sale at $450,000. This 2b/r as new apartment represents a fantastic entry level buying opportunity in Lorne. This is one you must check out – have a look.
‘Great Local Slang’ One foot in the grave and the other on a banana skin –“Not going to well”
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