Our Backyard

Lorne – Market Round up’. I read a recent article on the macro business website earlier this week that highlighted the annualized growth rate of the Westpac Melbourne leading index, which indicates the likely pace of economic activity three to nine months into the future, was 3.4% in January, above its long term trend of 2.7%.

All these indicators continue to support what we are experiencing at the coal face as the market continues to re build.

‘Lorne – Weekly report’. Another busy week as a prelude to Easter with two contracted deals in the Lorne market and three others under negotiation. The steady trend we have been experiencing looks like continuing as vendors listing new stock are continuing to listen to the heart beat of the market. The vacant block at 55 George Street was listed for private sale at a realistic price and sold within a month with multiple buyer interest.

Our town was

just the “goss” on what’s happening in and around Lorne. Follow me which ever way you like.

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Ian Stewart
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