Great Ocean Road Real Estate Lorne

What interest rate rise?

Great Ocean Road Real Estate — Fri, 05 Mar 2010 05:46:01 +0000

Another solid week of transactions out of the Lorne branch.

17 Summerhills Ave, 1/21 Smith St, 1 Doble St, and 215 Aireys Inlet Rd, Bambra were contracted unconditionally. “Waverley House”, Lorne and 63 Morley Ave, Wye River are also contracted subject to conditions.

We are experiencing a very positive vibe to the “general coastal market” with our buyers motivated by a “leisure purchase” not necessary annual return on their investment. Historically owners who hold for medium to long term have enjoyed not only many memorable family holidays but sensational capital growth.

Open Houses this weekend

Saturday 6th March
11:00am – 11:45am 3 Bay Street
12:00pm – 12:30pm 73 Grant Street, Forrest
12:00pm – 12:45pm 5/3-9 Armytage Street
12:00pm – 1:00pm 16 Morley Avenue, Wye River
1:00pm – 1:45pm 181 Great Ocean Road
1:00pm – 1:30pm 15 Grant Street, Forrest
2:00pm – 2:45pm 2/21 Smith Street

Sunday 27th February
12:00pm – 1:00pm 16 Morley Avenue, Wye River
1:00pm – 1:45pm 14a Charles Street

See you over the Labour Day long weekend.

Michael Coutts
michael@greatoceanroadrealestate.com.au
0438 356 624

Steve Ryan Photography

Long W-End Accommodation

Great Ocean Road Real Estate — Fri, 26 Feb 2010 04:36:03 +0000

The Labour Day long weekend is only 1 week away and it’s not too late to book your holiday down the coast. We still have availability on the Great Ocean Road from Torquay stretching right down to Apollo Bay.

Check out what’s available on www.greatoceanroadholidays.com.au or give us a call.

Open Houses this weekend

Saturday 26th February
11:00am – 11:45am 3 Bay Street
12:00pm – 12:30pm 73 Grant Street, Forrest
12:00pm – 12:45pm 5/3-9 Armytage Street
1:00pm – 1:30pm 15 Grant Street, Forrest
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 2/21 Smith Street

Sunday 27th February
12:00pm – 12:45pm 5/3-9 Armytage Street

Michael Coutts
0438 356 624
michael@greatoceanroadrealestate.com.au

Steve Ryan Photography

Erskine Fires Up!

Great Ocean Road Real Estate — Fri, 19 Feb 2010 04:40:32 +0000

For those that have followed the development of Erskine House “Mantra” over the past 9 years, you may have noticed the volatility of the movements of the apartments. 2001 – 2002 saw an absolute “feeding frenzy” of buyers basically purchasing the entire complex (360 apartments) over the time frame of a year.

As the market turned by early 2004 and plateaued for the last 6 years, pre-sales have been extremely difficult to negotiate.

The trend has changed! 5 transactions have taken place this month and 11 since December. Simply put there is some unprecedented buying opportunity in this development and provides “would be buyers” to enter the Lorne market at atypical price points compared to residential property.

Please be aware the levels of return per annum are negligible and capital growth over the past 9 years has been negative. This is a lifestyle purchase not an investment decision. This position is brilliant and the facilities are unique to the area. At the current asking price for a large sample of apartment sizes (studio, 1 bedroom, 2 bedroom), it presents as a great opportunity to gain a foot hold in the “blue chip Lorne Market”.

Email tyrone@greatoceanroadrealestate.com.au for further details or call on (03) 5289 4222.

3 properties also changed hands in Wye / Kennett this month, 1 in the rural area and 2 in Lorne. The strong market fuelled by positive Melbourne buying enquiry continues to strengthen our coastal market.

Please call or email me for further information.

Open Houses this weekend

Saturday 20th February
12:00pm – 12:45pm 5/3-9 Armytage Street
1:00pm – 1:30pm 14a Charles Street
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 1/21 Smith Street

Sunday 21st February
1:00pm – 1:45pm 63 Ocean Road

Michael Coutts
michael@greatoceanroadrealestate.com.au
0438 356 624

Steve Ryan Photography

The run continues

Great Ocean Road Real Estate — Fri, 05 Feb 2010 05:43:54 +0000

The interest rates are on hold, many of our buyers from Melbourne have gained increased equity in their principle place of residence because of the dramatic rise in metropolitan property values.

What does it mean for you?

Real Estate in Lorne and the immediate surrounding hamlets is currently in demand! The buyers are consuming property at record levels in reference to volume of transactions and in many cases very strong prices. In our opinion the market is on the rise.

Property listing levels are starting to replenish after January rush and historically February – April is a busy period on the coast.

Please book online http://www.greatoceanroadholidays.com.au/ for accommodation if planning a trip to the area.

Call or email any of our sales staff should you require assistance with property we are marketing.

Enjoy!

Oprn Houses this weekend

Saturday 6th February
12:00pm – 12:45pm 3 Bay Street
12:00pm – 12:45pm 6/3-9 Armytage Street
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 1/21 Smith Street
2:00pm – 2:30pm 14a Charles Street

Michael Coutts
0438 356 624
michael@greatoceanroadrealestate.com.au

Steve Ryan Photography

The Market Surged!

Great Ocean Road Real Estate — Fri, 29 Jan 2010 05:45:40 +0000

An extremely strong month of business for the Lorne branch. In terms of volume of transactions it’s been easily the best month since the early 2000’s (2000 – 2003). Property at each price spectrum is selling at full prices and on occasions competition drove the eventual contract price over the original asking price. E.g. 55 Hall Street and 56 Dorman Street.

We continue to appraise property and look to present fresh listings to the market over the next few weeks.

Keep in close contact with our selling agents and email or call me should you seek a more detailed Lorne market report.

Open Houses this weekend

Saturday 30th January
12:00pm – 12:30pm 73 Grant Street, Forrest
12:00pm – 12:45pm 16/3-9 Armytage Street
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 2/21 Smith Street

Sunday 31st January
12:00pm – 12:30pm 34/2-10 Ocean Road
2:00pm – 2:30pm 3/17 Smith Street

Michael Coutts
michael@greatoceanroadrealestate.com.au
0438 356 624

Steve Ryan Photography

Busier!

Great Ocean Road Real Estate — Fri, 22 Jan 2010 04:21:36 +0000

Lorne market continues to sizzle. The following properties have sold in the past 7 days. Apartment 100 Erskine, 2/8 Grove Road, 5 Howard Street, 3/30 Richardson Boulevard, 55 Hall Street and 1/94 Otway Street (conditional).

Two of the above sales were on the market for 12 months, another indicator the market has moved forward as they eventually sold at close to the original listed price. Sales results are strong with one selling under competition above the asking price and two others selling within $10,000 of the ask.

Five new listings replace these sales; 3A Alpha Terrace @ $1,325,000, 55 Dorman Street @ $1,025,000, 63 Ocean Road @ $1,650,000, 56 Dorman Street @ $1,090,000 and 90 Otway Street @ $645,000.

Please call or email to discuss the above information at any time.

Open Houses this weekend

Saturday 23rd January
12:00pm – 12:45pm 16/3-9 Armytage Street
12:00pm – 12:30pm 73 Grant Street, Forrest
12:00pm – 12:45pm 2/127 Smith Street
12:00pm – 1:00pm 3 Bay Street
1:00pm – 1:45pm 181 Great Ocean Road
1:00pm – 1:45pm 63 Ocean Road
2:00pm – 2:45pm 2/21 Smith Street

Sunday 24th January
12:00pm – 1:00pm 3 Bay Street
12:00pm – 12:30pm 34/2-10 Ocean Road
12:00pm – 12:45pm 2/127 Smith Street
1:00pn – 1:30pm 14a Charles Street
1:00pm – 1:45pm 63 Ocean Road

Monday 25th January
12:00pm – 1:00pm 3 Bay Street

Tuesday 26th January
12:00pm – 1:00pm 3 Bay Street

Wednesday 27th January
12:00pm – 1:00pm 3 Bay Street

Michael Coutts
michael@greatoceanroadrealestate.com.au
0438 356 624

Steve Ryan Photography

Busy!

Great Ocean Road Real Estate — Fri, 15 Jan 2010 05:47:23 +0000

A predictable strong market for the first 14 days of January! Out of the Lorne branch seven Lorne township sales have been contracted with a massive price range e.g. $165,000 (vacant land) to $1,500,000 (house sale). Two further sales in Kennett River, one in Wye River and two in the rural areas took place. In total 12 completed transactions with a further six other properties under negotiation. Very encouraging, as historically the last two weeks of January are usually our busiest selling fortnight for the entire year.

The accommodation centre had a massive fortnight and was 98% occupied of the 200 lettable properties in Lorne. We are tracking at 70% for the next two weeks, so feel free to book online as there is plenty of available accommodation. Some properties can be booked for short stays now (3 – 5 days). www.greatoceanroadholidays.com.au

Feel free to call the office or email me should you require any further explanation of the above commentary or assistance with any local real estate matters.

Open Houses this weekend

Saturday 16th January
12:00pm – 1:00pm 3 Bay Street
12:00pm – 12:45pm 16/3-9 Armytage Street
12:00pm – 12:45pm 6/3-9 Armytage Street
12:00pm – 12:30pm 73 Grant Street, Forrest
1:00pm – 1:45pm 181 Great Ocean Road
1:00pm – 1:45pm 63 Ocean Road
2:00pm – 2:30pm 2/21 Smith Street

Sunday 17th January
12:00pm – 12:30pm 34/2-10 Ocean Road
12:00pm – 1:00pm 3 Bay Street
1:00pm – 1:45pm 63 Ocean Road

Monday 18th January
12:00pm – 1:00pm 3 Bay Street

Tuesday 19th January
12:00pm – 1:00pm 3 Bay Street

Wednesday 20th January
12:00pm – 1:00pm 3 Bay Street

See you on our coast.

Michael Coutts
0438 356 624
michael@greatoceanroadrealestate.com.au

Steve Ryan Photography

Advertised Stock on the Market

Great Ocean Road Real Estate — Fri, 08 Jan 2010 03:16:17 +0000

Total housing stock available for sale has been falling in recent weeks as fewer vendors look to begin advertising their property over the traditionally quiet Christmas / new year period. New listings and total listing are at levels which are significantly lower than they were 12 months ago. In fact, there are 17,000 fewer new listings over the last month than there were over the same period last year and around 49,000 fewer total listings.
Source: RP Data

OPEN HOUSES THIS WEEK

Saturday 9th January
12:00pm – 12:45pm 6/3-9 Armytage Street
12:00pm – 12:30pm 73 Grant Street, Forrest
12:00pm – 12:45pm 16/3-9 Armytage Street
12:00pm – 1:00pm 3 Bay Street
1:00pm – 1:45pm 181 Great Ocean Road

Sunday 10th January
12:00pm – 1:00pm 3 Bay Street
12:00pm – 12:30pm 34/2-10 Ocean Road

Monday 11th January
12:00pm – 1:00pm 3 Bay Street

Tuesday 12th January
12:00pm – 1:00pm 3 Bay Street

Wednesday 13th January
12:00pm – 1:00pm 3 Bay Street
3:00pm – 3:45pm 49 Deans Marsh Road

Come along to our opens, we’d love to see you there.

Michael Couuts
0438 356 624
michael@greatoceanroadrealestate.com.au

Steve Ryan Photography

Happy New Year

Great Ocean Road Real Estate — Thu, 31 Dec 2009 02:49:54 +0000

Happy New Year to all from Great Ocean Road Real Estate Lorne.

May this New Year 2010 bring you joy, happiness, warmth and laughter.

Open Houses this weekend

Saturday 2nd January
12:00pm – 1:00pm 3 Bay Street
12:00pm – 12:45pm 16/3-9 Armytage Street
12:00pm – 12:45pm 6/3-9 Armytage Street
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 2/21 Smith Street

Sunday 3rd January
12:00pm – 12:30pm 34/2-10 Ocean Road
12:00pm – 1:00pm 3 Bay Street
1:00pm – 1:30pm 14a Charles Street

Monday 4th January
12:00pm – 1:00pm 3 Bay Street

Tuesday 5th January
12:00pm – 1:00pm 3 Bay Street

Wednesday 6th January
12:00pm – 1:00pm 3 Bay Street

We hope to see you there.

Kind regards,

Michael Coutts
michael@greatoceanroadrealestate.com.au
0438 356 624

Lorne Update

Great Ocean Road Real Estate — Fri, 18 Dec 2009 05:59:05 +0000

Plenty has been going on this week with many new listings in Lorne and surrounding areas. There’s something to suit everyone.

BAMBRA
Land $445,000

DEANS MARSH
House $590,000

BIRREGURRA
House $POA

LORNE
House $695,000, House $1,195,000, House $795,000, House $1,500,000, House $695,000, House $1,195,000

WYE RIVER
House $1,050,000

All details of our recent listings can be found here.

Open houses this weekend

Saturday 19th December
12:00pm – 12:30pm 72 George Street
1:00pm – 1:45pm 181 Great Ocean Road
1:00pm – 1:30pm 3/30 Richardson Boulevard
2:00pm – 2:45pm 2/21 Smith Street
3:00pm – 3:30pm 6/3-9 Armytage Street

Sunday 20th December
12:30pm – 1:00pm 34/2-10 Ocean Road
1:00pm – 1:30pm 14a Charles Street

See you on our Coast and have a great Christmas.

Michael Coutts
michael@greatoceanroadrealestate.com.au
0438 356 624

Steve Ryan Photography