Our Backyard

Lorne – Here and There

The Great Ocean Road is open in all directions, there are no “roads closed” signs and the sun looks set to shine on the coast to welcome the influx of visitors for the Melbourne Cup long weekend. There is plenty on in town with the foreshore markets hosted by the Lorne Lions Club on Saturday and the fundraiser “One for the Otways” from 7pm at the Lorne Hotel on Sunday evening.

The event will feature Nick Barker & The Heartache State, Salmon Guts, Howlin Wind, Mountain Grey and special guest Jeff Lang. It’s sure to be a great community event to support those whose lives and town have changed!

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Lorne – Market Round Up

As the weather begins to warm so is the property market, both in new listings coming onto the market and sales activity. For those tracking our markets you will notice the largest influx of stock and opportunity enter the market since the corresponding period twelve months ago. It’s a great time to be in the market as activity warms up for the summer months.

The past week has seen three contracted deals completed with the stand out being the sale of 3/17 Smith Street, well in excess of its asking price under multiple interest conditions. Two parties were given equal opportunity to contest the outcome and submit their best and final offer, no correspondence entered into, by a set time on a set day. A great result for our vendor, a happy purchaser and unfortunately a party who missed out.

Examples like the above become more and more common as the property market gathers more momentum and more and more people want limited stock. It is important to remember that when purchasing property – signatures and deposit are everything! Nothing is ever consummated until a Vendors Statement and Contract of Sale is signed by both purchaser and vendor and the deposit terms met. Even if a vendor verbally says they will accept a purchasers offer, they can rescind their decision to proceed just as a purchaser can change his/her mind. The saving grace for a purchaser is that after document execution they have a cooling off period – a vendor doesn’t!

See you on the coast.

Lorne team landscape-low res

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