‘Lorne – Market Round up’. According to RP Data nearly half of all Australian home sales over the past year were transacted at prices less $400,000 while only 5.4% sold for more than $1

million. Given that as of June 30 2112 Lorne’s average home sale for the previous 12 months was $1,032,435, it comes as no major surprise that sales above 1 million dollars have been so scarce. The positive is that we have just written our second $1m plus sale at a time when consumer confidence indexes are beginning to show positive signs for the first time in years.

‘Lorne – Weekly report’. Happy to report that real estate activity in Lorne has continued to follow the improving trends of the consumer confidence index with four contracted deals in the past seven days. The common thread has been that in all cases vendors were prepared to listen to the market in order to get an outcome. Two of the four properties sold had recently undergone price realignments. Both of these properties also attracted multiple buyer interest with one having four parties all trying to secure the property.

With summer now only a week away there are still opportunities for those to capitalize while buying conditions still exist – but the signs are coming that this may soon change!

Open houses

Saturday 24th
12.00 – 12.30pm 22 George Street Lorne
1.00 – 1.30pm 52A Dorman Street Lorne
2.00 – 2.30pm Apt 5 Point Grey Apartments Lorne
Sunday 25th
1.00 – 1.03pm 75A Great Ocean Road Lorne
2.00 – 2.30pm 61 Great Ocean Road Lorne

‘Lorne – You must have a look at this’. If you have been on the look out for a large family home in a location like no other then here’s one a bit out of the square. Bridun Bed and Breakfast has traded successfully over recent years as a boutique bed and breakfast. As the motivation of the owners has FEATURES DAILY TIDES FOR THE OCEAN ENTHUSIAST

See you In Our Backyard
Ian Stewart
0418 522 571