Lorne – Market Round UP
Big news of the week was the Reserve Bank of Australia keeping the cash rate at 2.5% as they continue to endeavour to kick start the economy. On the back of last month’s Federal Budget and the weakening of consumer confidence the Reserve Bank appears to be concerned by the lack of stimulus across most sectors.
The Melbourne property market according to R. P. Data saw Melbourne’s average house price soften by in excess of 3% for the month of May albeit the volumes of competed sales were strong.

Lorne – Weekly Report
Great to be able to report that after an extended auction campaign the Lorne Theatre has been officially sold at just under $2 million. Early reports are that the new owners are looking to maintain the building in its current format over the next couple of years as they plan their next moves around the restoration of the building.
Winter has started slowly with buyers hibernating earlier than expected but still with some great buyer opportunities available in Lorne. One of the best buys on the coast at the moment is the architect designed 3 year old home at 22 Great Ocean Road. Check it out at here and being listed at $1,595,000 there is not a better value for money property currently available on the coast.
If you’re in town this weekend there’s a lot going on with the Dolphins playing host to Colac Imperials on Saturday, and on Sunday a fishing competition at the Lorne Angling and Aquatic Club, the Model Boat Regatta Sunday morning on the Erskine River and the official launch of the Lorne Performing Arts Festival on Sunday afternoon at Qdos.

Open Houses
Saturday 7th June
12:00 – 12:30 1170 Winchelsea – Deans Marsh Road, Bambra
12:00 – 12:30 4/9 Albert Street, Lorne

1:00 – 1:30 22 George Street, Lorne
1:30 – 2:30 35 Turner Drive, Forrest
Sunday 8th June
12:00 – 12:30 24 Grand Parade, Lorne
1:00 – 1:30 22 George Street, Lorne
2:00 – 2:30 181 Great Ocean Road, Lorne

Lorne – You must have a look at this
AFFORDABLE FAMILY LIVING! Architecturally designed, spacious, tri level family residence boasting 3 bedrooms, 2 bathrooms – sited on a corner allotment of 833sqm (approx). This property ticks every box when it comes to finding an affordable family residence – additional features include ample storage area, wood fire, ducted vacuum system, separate bunkroom/kid’s hideaway. Open for inspection Saturday & Sunday 1:00pm – 1:30pm. $650,000 More info here.

Lorne – Quote of the week
“Leadership means helping people become more than they would have become on their own”

Follow us – A complimentary service. Free! – Daily reports from Lorne and you can take your pick as to whether you want to stay up to date with the latest coastal real estate news or just the “goss” on what’s happening in and around Lorne. Follow me which ever way you like.

www.facebook.com/ianstewartlorne

www.facebook.com/lornerealestate

www.twitter.com@IanStewartLorne

www.twitter.com@lornerealestate

AVAILABLE FREE EVERY DAY – ALSO FEATURES DAILY TIDES FOR THE OCEAN ENTHUSIAST
See you in Our Backyard.

Ian Stewart
0418 522 571