Our Backyard

LORNE – HERE AND THERE

Great to see the new façade on our only supermarket taking shape and the internal renovations progressing towards providing a larger, brighter store. The management team and builders are to be congratulated on their continuing efforts in maintaining normal trading while the construction is underway.

While on construction, I should also mention that the BP service station is now closed and undergoing refurbishment to reopen in early September under the Shell banner. It you’re coming to town, make sure you have a full tank of fuel to avoid any inconvenience. It’s great to know that Riordan Fuels are working closely with Lorne’s RACV legend Paul Spizzica to have provisions on hand for emergency situations.

LORNE – MARKET ROUND UP

The past week has seen the mercury hit 20° for the first time since last autumn and with it the first signs that spring is in sight. The return of sunshine also assists in kick starting our local property market as we come out of hibernation from the winter months.

Three weeks ago we reported a beachfront opportunity that I can now report has successfully sold “off market” for an excellent price in excess of $2 million to one of a select number of prestige buyers from  our database.

The other good result of the week was the contracting of a Grand Pacific Apartment overlooking Point Grey with two apartments now sold in that precinct over the past fortnight. Stock levels are looking slim and the last remaining Ocean Lodge apartments looking like great value. Check them out with one of our team!

YOU MUST HAVE A LOOK AT THIS

An in room auction in Lorne this weekend for the one acre allotment at 1188 Great Ocean Road Big Hill. Being sold under mortgagee conditions this is an opportunity to secure a big bush block with a big ocean view – well worth a look. The auction is being conducted on the upper level of our offices at 136 Mountjoy Parade, at 12 noon.

1188_Great_Ocean_Road__Big_Hill - 009

A LITTLE SECRET

Interesting to see Lorne’s Average sale prices pierce through the $1.1 million range for the first time on record. But we must qualify this surge by pulling into perspective the major reason for this spike. In the past financial year the top end of the local market was as strong as ever evidenced before.  With multiple transactions in excess of $2 million, this sector of the market produced 9% of Lorne’s total turnover.

QUOTE OF THE WEEK

“We are shaped and fashioned by what we love”.

See you in Our Backyard.

Lorne team landscape-low res

Ian Stewart

For and on behalf of the entire Great Ocean Road Real Estate team!

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