‘Lorne – Market Round up’. Interesting to note that the Reserve Bank of Australia kept the cash rate at 3% as our Australian economy continues to provide more positive signs of recent times than over the past years.

The RP data-Rismark Home Value Index results indicates that the housing market across Australia has continued to be steady and according to the same index home values across the five capital cities over the first 27 days of February have in fact increased by 0.2%.

Last week there were 2004 capital city auctions, up from 1,129 over the previous week. Across the 2004, the combined capital city auction clearance rate was recorded at 63.5% up from 58.8% over the previous week.

‘Lorne – Weekly report’. Our Lorne office has “jumped from the blocks” in the first week of autumn with three contracted deals in the first seven days. With two of the three transactions being in excess of $1m and one of these two selling for in excess of the asking price (under multiple buyer interest) the local market has continued to produce sales when asking prices are at re-aligned levels to attract buyer interest.

Our great town is very well positioned to reward those that have or are looking to invest into the immediate Lorne area. After a discussion with a coastal client over the past week and suggesting that they check out what a million dollars would buy them in other costal towns it was re – enforced to me the value Lorne currently represents.

Get down here over the long tyle at a time when “all the stars are aligned”

Open Houses

Saturday March 9th
11.00 – 11.30 22 George Street Lorne
12.00 – 12.30 31 Charles Street Lorne
1.00 – 2.00 Cumberland Lorne
2.00 – 2.30 24 Toorak Terrace

Sunday March 10th
11.00 – 11.30 Point Grey Apartments
12.00 – 12.30 31 Charles Street Lorne
12.00 – 12.30 52A Dorman Street Lorne
1.00 -2.00 Cumberland Lorne Resort
2.00 – 2.30 24 Toorak Terrace Lorne
2.00 – 2.30 25 Dorman Street Lorne

‘Lorne – You must have a look at this’. 24 Toorak Terrace – A unique architect designed luxury home in a peaceful location with filtered ocean views. The home boasts 4b/r, 2 living areas, 2.5 bathrooms and is all on one level with excellent vehicle access and parking for multiple cars. The vendors are keen to sell and are offering the home below replacement cost at $1.395m with offers encouraged. Check it out.

‘Lorne – Great Local Slang’. There you go – a dog with false teeth -“Something you don’t see every day”

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See you in Our Backyard
Ian Stewart
0148 522 571