For those that have followed the development of Erskine House “Mantra” in Lorne over the past 9 years, you may have noticed the volatility of the movements of the apartments. 2001 – 2002 saw an absolute “feeding frenzy” of buyers basically purchasing the entire complex (360 apartments) over the time frame of a year.

As the market turned by early 2004 and plateaued for the last 6 years, pre-sales have been extremely difficult to negotiate.

The trend has changed! 5 transactions have taken place this month and 11 since December. Simply put there is some unprecedented buying opportunity in this development and provides “would be buyers” to enter the Lorne market at atypical price points compared to residential property.

Please be aware the levels of return per annum are negligible and capital growth over the past 9 years has been negative. This is a lifestyle purchase not an investment decision. This position is brilliant and the facilities are unique to the area. At the current asking price for a large sample of apartment sizes (studio, 1 bedroom, 2 bedroom), it presents as a great opportunity to gain a foot hold in the “blue chip Lorne Market”.

Email tyrone@greatoceanroadrealestate.com.au for further details or call on (03) 5289 4222.

Open Houses this weekend

AIREYS INLET
Saturday 20th February
2:00pm – 2:30pm 33 Yandanah Road, Fairhaven
3:00pm – 3:30pm 6 Orchid Grove, Fairhaven
Sunday 21st February
12:00pm – 12:30pm 9 Narani Way, Fairhaven
1:00pm – 1:30pm 4B Vera Court, Aireys Inlet
2:00pm – 2:30pm 12 Berthon Street, Aireys Inlet

LORNE
Saturday 20th February
12:00pm – 12:45pm 5/3-9 Armytage Street
1:00pm – 1:30pm 14a Charles Street
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 1/21 Smith Street
Sunday 21st February
1:00pm – 1:45pm 63 Ocean Road

TORQUAY
Saturday 20th February
12:00pm – 12:30pm 26 Alleyne Avenue, Torquay
12:00pm – 12:30pm 3 Port Phillip Court, Torquay
1:00pm – 1:30pm 19 Headland Drive, Torquay
1:00pm – 1:30pm 31 Rocklea Drive, Torquay
2:00pm – 2:30pm 18 Manna Gum Drive, Torquay
3:00pm – 3:30pm 1 Price Street, Torquay
Sunday 21st February
11:00am – 11:30am 26 Koomeela Drive, Torquay
11:00am – 11:30am 22/105 Great Ocean Road, Anglesea
11:00am – 11:30am 36/105 Great Ocean Road, Anglesea
12:00pm – 12:30pm 15 Nautical Rise, Torquay
1:00pm – 1:30pm 2/3 Hoylake Avenue, Jan Juc
1:00pm – 1:30pm 1/3 Hoylake Avenue, Jan Juc
2:00pm – 2:30pm 3/45 Great Ocean Road. Jan Juc

FORTHCOMING AUCTION
20 Biddles Road, Apollo Bay Auction, Sun 7th of Mar @ 1:00 pm

Michael, Ian, Darren & James.

Steve Ryan Photography

Below is an extract from leading demographer Bernard Salt, as written in the Herald-Sun on Saturday, January 30 when asked ‘What will be the next big sea change location?’

“The biggest change over the last year with regards to access to sea change locations has been the ring road around Geelong. In one fell swoop 23 sets of traffic lights between Corio and Grovedale/Waurn Ponds have been eliminated. It is now possible for the Melbourne market to access weekenders between Torquay and Lorne more quickly. I’d watch places like Jan Juc, Anglesea and Fairhaven”.

Open Houses this weekend

AIREYS INELT
Saturday 6th February
2:00pm – 2:30pm 33 Yandanah Road, Fairhaven
3:00pm – 3:30pm 6 Orchid Grove, Fairhaven
Sunday 7th February
12:00pm – 12:30pm 9 Narani Way, Fairhaven
1:00pm – 1:30pm 4B Vera Court, Aireys Inlet
2:00pm – 2:30pm 12 Berthon Street, Aireys Inlet

APOLLO BAY
Saturday 30th January
11:30am – 12:30pm 3 Banksia Court, Apollo Bay Auction, Sat 13th of Feb @ 2:00 pm
Forthcoming Auctions
500 Tuxion Road, Apollo Bay Auction, Sat 6th of Feb @ 1:00 pm
20 Biddles Road, Apollo Bay Auction, Sun 7th of Mar @ 1:00 pm

LORNE
Saturday 6th February
12:00pm – 12:45pm 3 Bay Street
12:00pm – 12:45pm 6/3-9 Armytage Street
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 1/21 Smith Street
2:00pm – 2:30pm 14a Charles Street

TORQUAY
Saturday 6th February
11:00am – 11:30am 5 New Street, Torquay Forthcoming Auction, Sat 13th of Feb @ 11:00 am
12:00pm – 12:30pm 26 Alleyne Avenue, Torquay
1:00pm – 1:30pm 7 Royston Lane, Jan Juc
2:00pm – 2:30pm 12 Grass Tree Court, Torquay
3:00pm – 3:30pm 26 Koomeela Drive, Torquay
Sunday 7th February
11:00am – 11:30am 31 Rocklea Drive, Torquay
12:00pm – 12:30pm 15 Nautical Rise, Torquay
1:00pm – 1:30pm 19 Headland Drive, Torquay
2:00pm – 2:30pm 2/3 Hoylake Avenue, Jan Juc
2:00pm – 2:30pm 1/3 Hoylake Avenue, Jan Juc
3:00pm – 3:30pm 3/20-22 Surf Coast Highway, Torquay