Our Backyard – Lorne

LORNE – HERE AND THERE

Autumn on the coast and there’s plenty going on in and around Lorne, and this weekend is no exception. On Saturday the Lorne Dolphins take on the Warrnambool Old Collegians in a full-scale practice match at the Stribling Reserve on Saturday afternoon with country sport hospitality in full swing. On Sunday the very popular Deans Marsh Festival gets underway featuring live music, local harvest market stalls, dog jumping, kids events and much more. The day gets underway at 10am and if you’re in the region it’s a must do!

Next week Monday Night Music returns to the Lorne Bowls Club of a Monday evening with Open Mic and all styles and levels of experience are welcome and encouraged to attend. With dinner from 6pm and music from 7pm.

LORNE – MARKET ROUND UP

Most market followers watch with interest the Victorian Auction clearance rates which have hovered closely to 50% over recent months which is a long way from the mid to high 70% range which was the norm only two years ago. Even the Geelong market which has been so strong for so long is showing the first signs of slowing with auction results indicating that competition is no way near as strong today as what was experienced pre-Christmas. All this begs the question – “what about the coastal market?” Following on from the disastrous month of January its been very much “steady as she goes” but for sellers the landscape has definitely changed, but deals are still being done. Gone is the ability to “optimistically price” an asset as the market has been transitioning from a sellers market to a more balanced market slightly favouring buyers. It is more important than ever to “keep your pencil sharp” when pricing your asset as buyers are certainly attracted to what appears to be value.

With three transactions for the week, the market is still “ticking over” but price sensitively is at the top of everyone’s mind with every transaction.

OPEN HOUSES THIS WEEKEND

Saturday 23rd March

11 – 11:30 18 Dorman Street, Lorne

12 – 12:30  3/11 Staughton Ave, Lorne

Sunday 24th March

11 – 11:30 45 Charles Street, Lorne

LORNE – A LITTLE SECRET

A pretty special achievement by our local bowls club in winning all three premierships in the competitions that they participated in – outstanding! Special mention to Great Ocean Road Real Estate’s Brad Weetman who is the Lorne Bowls Club coach and mentor.

QUOTE OF THE WEEK

“Just because something isn’t happening for you right now, doesn’t mean that it will never happen”.

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