Our Backyard – Lorne

General Market Update

Results reported last weekend in Melbourne were again really positive with a clearance rate of 74% from 843 Auctions. This is 15% higher than the same time 12 months ago. The flow on for the coast is more buyers in the market in a position to afford lifestyle properties or better still making the move permanently. We have this sold properties to people that have experienced the recent increased energy in the Melbourne property market and have acknowledged that now is a great time to be making the commitment to their lifestyle asset.

Lorne Market Update

Without doubt one of the busiest weeks of the past couple of months with four contracted transactions over the past seven days. Two apartments side by side in Mirvac’s Chalet complex were contracted at almost asking prices and continues to reinforce just how popular this quality development continues to be. The two other sales were the homes at 24 Normanby Terrace and 6 Polwarth Road Lorne, which reinforced that buyers are returning to the market and making decisions when they recognize that a property represent value.

And if its value you are looking for then there is no better time in Lorne than right now, as we have never represented better value. I urge people to take the “million dollar challenge” – Imagine you have a million dollars to spend and then visit any of the towns on the West Coast and see what your money buys. My bet is that once you have you won’t be able to get back to Lorne quick enough to ensure you don’t miss out!

You must have a look at this.

If it’s a block of land you’ve been scouring the coast for then there’s never been a better opportunity than right now. The recent price reduction of the allotment at 4B Tradewinds Avenue to $445,000 with its brilliant ocean views and easy access to the beach below provides a chance representing value as good as any on the West Coast. Check it out at www.

Lorne – “Quote of the week”

“At the heart of mastery lives consistency”

OPEN FOR INSPECTION
SATURDAY 18TH OCTOBER

17A Gwynne Avenue 2:00pm-2:45pm
3/68 Smith Street 4:00pm-4:45pm

SUNDAY 19TH OCTOBER

1/48 Polwarth Road 12:00pm-12:30pm

See you in Our Backyard

Ian Landscape

Ian Stewart
ian@greatoceanroadrealestate.com.au
0418 522 57

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