Our Backyard – Lorne

‘Lorne – Market Roundup’

This weekend will see the largest ever offering when 1,500 properties are scheduled to go under the hammer through the weekend. This number surpasses the current record Saturday offering approximately 1,350 properties in 2008.
R.P. Data property specialist Robert Larocca has forecasted that Melbourne would see a new peak in house prices if September’s 2.6 per cent increase in house values were repeated this month.
Real Estate Institute of Victoria Chief Executive Officer Enzo Raimondo said October was due to have approximately 4,500 auctions for the month. We will all watch with interest as the outcomes of these sales will provide the likely directions of our summer coastal market.


‘Lorne – Weekly report’

A good week for real estate on the coast with offices from Torquay to Apollo Bay all reporting solid activity over the past week, including an outstanding six contracted sales in Anglesea in the past 30 days. The confidence of the Melbourne property market is gradually moving south.
In our “sneak peak” column over the past weeks we revealed to you Elle’s Beach House at 27 Deans Marsh Road being well worth a look. The perfectly located well priced listing has now sold prior to being formally marketed. Again the message of this outcome is very clear in that if property sellers take the advice of their agents and they are motivated to sell, deals will be done. Sellers must listen, trust and heed the advice of their agents if they want an outcome. If they don’t want to listen to that agent in my opinion they should either listen and take direction from another agent or wait and don’t sell until the market rebounds, but who knows when this may be.

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Open houses

Saturday 26th October
2:00pm – 3:00pm Lot 1/4 Tradewinds Avenue Lorne

Sunday 27th October
11:00am – 6:00pm 450 Deans Marsh – Lorne Road Pennyroyal
12:00pm – 12:30pm 50B Smith Street Lorne
2:00pm – 3:00pm Lot 1/4 Tradewinds Avenue Lorne

‘Lorne – No better place in the world’

‘Lorne – You must have a look at this’
“Sneak Peek” 26 George St, Lorne . A renovated, 3 bedroom, 2 bathroom home with an open plan kitchen dining lounge area and a rumpus room. The home has a lovely view over the otways. For further information, please feel free to contact Tyrone Provan on 0405 124 799.

‘Lorne – Great Local Slang’
Watch out for the Joe Blakes – “Look out for snakes”
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See you in Our Backyard

Ian Stewart
0418 522 571

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