Lorne Open Inspections and Market Round Up Nov 5-6

‘Lorne Property – Market Round up’.  A great week in the financial world with the Reserve Bank lowering the cash rate 25 basis points to 4.5 percent. It is now exactly 12 months since it was increased from 4.5 percent.

The Australian dollar has risen again in October, posting its biggest one month gain in almost 40 years, trading at around 1.0683 US dollars in early trading on the 31^st October 2011. The current jump in the Australian dollar is on speculation that there will be a solution to the European debt crisis.

The All Groups C.P.I. rose 0.6 percent in the September quarter 2011 and rose 3.5 percent through the year. Melbourne C.P.I. rose 0.6 percent for the quarter and 3.6 percent for the year, following the Australian trend.

‘Lorne – Weekly report’. The Melbourne Cup weekend saw great numbers descend on the town and a vibrant atmosphere all weekend. We conducted two home auctions through the weekend with a sale under the hammer at 48 Charles Street (The former post mistresses’ residence) for $770,000 while the vacant land allotment in Albert Street was passed in and now available for private sale at $510,000.

There continues to be a surge of well priced stock being listed for the summer period at prices aligned to the current real estate market conditions. Again all the pointers continue to reinforce all forecasts of there being no better time to buy properties than right now.

Good luck to our colleagues at Torquay who are participating in the 24 hour Relay For Life at the Bob Pettit Reserve, Jan Juc..

‘Lorne – You must have a look at this’. The last weekend of the Lorne Sculpture – an amazing array of exhibits in a world class environment. Make sure you check it out before it closes on Sunday.

‘Lorne – No better place in the world’. It’s the final chance to walk along our beautiful coastline and view the Sculptures, with the fantastic weather forecasted for the weekend, there’s no place I’d rather be.

www.surfcoastimages.com.au

‘Lorne – Quote of the week’.

“You can have anything you want – if you want it badly enough. You can be anything you want to be, do anything you set out to accomplish if you hold to that desire with singleness of purpose”. Abraham Lincoln.

See you in Our Backyard.

Ian Stewart Lorne Real Estate

Ian Stewart

ian@greatoceanroadrealestate.com.au

0418 522 571

Lorne Real Estate Open Inspections October 22 – 23

‘Follow us – A complimentary service’. Free! – Daily reports from Lorne and you can take your pick as 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.

	www.facebook.com/ianstewartlorne
	www.facebook.com/lornerealestate
	www.twitter.com@IanStewartLorne
	www.twitter.com@lornerealestate

AVAILABLE FREE EVERY DAY – ALSO FEATURES DAILY TIDES FOR THE OCEAN ENTHUSIAST

‘Lorne – Property Market Round up’.

According to R. P. Data Australia’s gross value of real estate transactions fell by just over 18% over the 2010/2011 financial year, the largest fall in the value of real estate sales for at least ten years.

Here in Lorne for the corresponding period, property volumes were down 22% which was some what in line with the national trend.

The total value of dwelling sales over the 2010/2011 financial year equated to $193.5 million. Although this sounds impressive, the total value was the lowest over a financial year since 2008/2009 and the total value fell by 18.2% from the previous financial year.

The early indicators are reinforcing our forecasts of a resurgence in volumes through the 3^rd and 4^th quarters of the current financial year.

‘Lorne – Real Estate Weekly report’.

 The week was highlighted by a quick sale of apartment no. 1 in the Pacific Apartments building overlooking the pier. The apartment was well priced and reinforced that buyers are still active but need to see value to make the commitment.

As the market continues to maintain seasonal momentum it is interesting to follow the market segments that perform better than others at various times of the year. There currently is great interest in the leisure rural sector with Peter Boyce being very active “over the hill” in putting together multiple transactions for the week – well done Pete!

‘Lorne – No better place in the world’. The picture says it all; there is no better place in the world!

Lorne – Quote of the week’. “The harder I work, the luckier I get” – Lee Trevino Lee Trevino.

See you in Our Backyard.

Ian Stewart Lorne Real Estate

Lorne Real Estate Weekly Report September 16

‘Lorne Real Estate Market round up’. Another great early Spring result during the week with the full price home sale of a Grand Parade Lorne residence. The centrally located house boasted a great outlook and was only minutes to the main street. This great result further strengthens our beliefs and forecasts as to Lorne representing no better value than right now. As we press further into Spring and with a number of sellers having re-aligned their asking prices to meet the current market, there will continue to be buyer activity with the “astute buyers” now starting to recognise the opportunity.

To keep abreast of the daily news and Lorne real estate activity I invite you to follow me on twitter and facebook.

‘Lorne – Weekly report’. A fantastic forecast of weather for the upcoming weekend to showcase our fantastic coastline. Amy’s Grand Fondo commences early morning on Sunday and with in excess of 3,000 cyclists preparing to hit the road, the town will again be abuzz! The event commences in Lorne and the riders have the use and enjoyment of the Great Ocean Road to themselves to Skenes Creek. From here the route takes the participants over the Otway’s to Forrest through to Deans Marsh and back to Lorne. Another great event for the town following the inaugural Lorne Performing Arts Festival last weekend. The Great Ocean Road coming into Lorne will not be closed at any stage, but between Lorne and Apollo Bay the road will be closed between Lorne and Skenes Creek from 7:00am to 11:00am.

Lorne Real Estate Open Houses

‘Lorne – No better place in the world’. Enjoy this fantastic image from Kevan Way from Surfcoast Images of the sun wakening for another day. A magnificent site to inspire any one to get motivated for the day!!!

‘Lorne – You must have a look at this’. For anyone looking for one of the most desirable 2 bedroom apartments with a brilliant ocean view at a realistic price – you can’t afford not to look at Apartment 29 at the Lorne Chalet. This modern open plan apartment with lift access and undercover securing parking is priced to sell at $549,000

‘Lorne – A little secret’. Two weeks ago I reported how at a recent gym session my “winter coat” had been identified as being too thick and in need of attention. You will also recall myself making a statement about parting with 1 dozen bottles of good wine should I not reach my target goal of 100kg or less by December 25. I am happy to report that after adding a couple of extra exercise sessions to my week that in the 16 days since September 1, I have lost 2.3 kg. On track to lose another 10.7 kg in 105 days – I hope!!

‘Lorne – Quote of the week’. “Believe that life is worth living, and your belief will help create the fact” – William James.

See you in Our Backyard.

Lorne Real Estate Open House Inspections August 6 2011

Open houses this weekend

Saturday 6th August
12:00pm – 12:30pm 56 Deans Marsh Road, Lorne
1:00pm – 1:30pm 8 Wallace Street, Lorne
1:30pm – 2:00pm 14 George Street, Lorne

Sunday 7th August
1:00pm – 1:30pm 4 Roache Court, Lorne

Wye River Real Estate Million dollar sale!

5 Great Ocean Road Wye River

5 Great Ocean Road sold this week close to the $1,690,000 asking price.

Even in a relatively soft market these very special positions still command an ‘elite price tag’!

See you in Our Backyard.

Upcoming Event: Festival of Performing Arts – Lorne

50’s – 60’s Culture By The Sea

Immerse yourself in music, burlesque, circus, dance, exhibitions and storytelling.

9-11 September 2011

Don’t forget to book your Lorne accommodation for the upcoming Festival of Performing Arts in Lorne at www.greatoceanroadholidays.com.au.

All info on the festival can be found here.

Holiday in Bali or Lorne?

Spectacular waves over the past week on the Victorian Surf Coast from Torquay to Lorne to Warrnambool have entertained onlookers and indeed wetsuit clad surfers. The biggest swell for 12 months!

Lorne has been busy on the accommodation front with our bookings up 35% on the 2010 June/July holiday break. It seems Melbournians have by-passed the northern states and either stayed local or travelled to the guaranteed perfect weather of our closest neighbor – Bali.

Lorne Real Estate Open Home Inspections July 16 – 17 2011

Open houses this weekend in Lorne

Saturday 16th July
12:00pm – 12:30pm 56 Deans Marsh Road, Lorne
1:00pm – 1:30pm 8 Wallace Street, Lorne

Sunday 17th July
12:00pm – 12:30pm 4 Roache Court, Lorne
1:00pm – 1:30pm 14 George Street, Lorne

See you on the coast.

Lorne real estate agent