‘Lorne – Market Round up’. According to the recent post by R.P Data dwelling values across the country contracted – 0.5% over the month of April after posting a solid 2.5% gain over the first three months of 2013.

Based on the April R.P Data Rismark Home value index, capital city dwelling values recorded their first month on month decline since December, posting a -0.5% fall across the combined capital cities index.

The April decline in dwelling values partly reverses the growth seen over the first quarter of the year where capital city dwellings rose by 2.8 per cent.

The positive is that according to R.P Data’s director of research, Tim Lawles, the April results represent more of a stumble along the path to recovery than a sign of a renewed trend in value falls.

‘Lorne – Weekly report’. The last week of April produced a flurry of real estate activity that started with the auction at 8 Kerrie Court, Aireys Inlet. The brilliantly located two storey dwelling was promoted in the $760 – $800k price range and after being announced “on the market” in this range eventually sold after vigorous bidding for $850.000. A further three Lorne contracts were concluded in the week following the auction to continue the demand for well priced stock.

The month of May is “marathon month” – The Great Ocean Road Real Estate – International marathon which this year being its ninth running. With just over 5000 entries, 100 from overseas, this year’s event will be the biggest yet. to whether you want to stay up to date with the latest coastal real estate news or just the “goss” on what’s happening in and around Lorne. Follow me which ever way you like.
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Ian Stewart
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