LORNE – HERE AND THERE

Gotta say that any concerns of climate change, warming temperatures and lack of rain have been blown out of the water through the past week as an arctic blast vented its anger on the coast. On Wednesday just passed, the mercury didn’t reach double figures and hail reminded us of what we could expect as winter gets ready to launch. Perhaps the only consistent pattern of the last 8 weeks has been the wave pattern that has kept our local board riders spending more time in the ocean than on building sites or servicing the real estate needs of the seasonal few.

One of our valued Partners proved their talents go a long way further than real estate and riding a surf board, when he snapped the magical image of the Lorne dolphin ‘dancing’ in the first light over Cathedral Rock.

LORNE – MARKET ROUND UP

The ripples of the Federal Election have continued to carry a positive vibe at a time of the year when the pulse of the market is at its seasonal lowest ebb – but the signs are good! An interesting report revealed that in the seven days following the Federal Election, the number of loan applications with the four major banks exceeded the total number for the 30 days prior to the same. Could just be coincidental but in my opinion, more likely to be influenced by the knowledge that negative gearing won’t be lost, capital gains tax benefits won’t be eroded and the welcome news from APRA.   It appears likely that Australians will be able to get a bigger mortgage as the Australian Prudential Regulating Authority will go ahead with a plan to loosen requirements for banks to use minimum 7 percent interest rate when assessing borrower’s ability for service loans.

Whatever the theory the results are beginning to show with the successful sale of 2/7 Toorak Terrace at the full asking price of $1.395 million in a multiple interest situation. With 18 Dorman Street and 45 Charles Street also being contracted, the arctic blast may be chilling the bones, but the renewed confidence in the property market is warming the hearts of those in the industry!

LORNE – A LITTLE SECRET

Great the see the re-opening of the Historical Society’s most successful exhibition “Fishy Tales” showcasing the history of the fishing industry in Lorne. What makes it even more special is the exhibition returns to its spiritual home – The Co-Op at the Pier. The exhibition is open each Saturday and Sunday between midday and 2:30 pm and is an absolute must see!

LORNE – QUOTE OF THE WEEK

“Its never too late to be what you may have been”.

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