Our Backyard

LORNE – HERE AND THERE

The Queens Birthday weekend is going to be special in so many different ways and we just can’t wait. The first five days of June has seen overnight visitors return to Lorne for the first time since “lockdown”, the internal lights of our restaurants have been turned on, our play grounds are open and we are tipping that this long weekend will see the return of the “buzz” that makes Lorne so special. With the majority of major accommodation providers being booked out and the Love Lorne campaign well and truly entrenched into the minds of Melbournians, Lorne’s journey on the road to economic recovery is well and truly underway.

BUT! Let’s not get totally carried away as the Victorian State of Emergency is still in place as all Australians look to do their part in conquering the pandemic. So, if coming to Lorne, please ensure you abide by all health and social distancing guidelines to keep our COVID-19 status well and truly intact – thank you!

KEEP LORNE COVID FREE!

LORNE – MARKET ROUND UP

One of my favourite economic commentators of all time is Westpac’s Chief Economist Bill Evans. At his address on Wednesday he reported the Consumer Confidence Index had a record fall in April and an increase in May (consistent with what we have been writing), in fact 16.6% which was due to how well Australia has dealt with Coronavirus. He expects G.D.P. to fall 7-8% in the June quarter due to a drop in consumer spending, though we should see a second half recovery of 5%. We are technically in a recession, 2 consecutive quarters of negative growth, but its expected to be short lived. Bill predicts the Australian dollar to settle at 68 cents and forecasted that nationally we can expect a 10% drop in house prices due to affordability. Down here in “little Ol’ Lorne” our market is holding together extremely well but swapping Economic and Business Degree for one in local knowledge leads us to believe our housing market will remain solid. With our stock list being as “light” as at any time of the past ten years our traditional demand is joined by those looking for the space and solitude that we permanent and non-permanent property owners have enjoyed so much over the past weeks.

LORNE – A LITTLE SECRET

For those “foodies” that love Lorne for our culinary delights, its great news down here – but remember you will have to book! If you’re too late MoVida are still operating their takeaway menu – great service!

LORNE – QUOTE OF THE WEEK

“Don’t judge my story by the chapter you walked in on”.

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