Lorne – Market Round Up
In a recent article in the Age newspaper it was reported that Melbourne’s recovering property market has helped the State Government maintain its surplus target and credit rating with revenue from stamp duty exceeding expectations this year.
On Friday last, Treasurer Michael O’Brien released the Governments mid-year budget update, which revealed higher than expected stamp duty had helped off-set lower than expected gambling and payroll tax collection.
The Government says the rise in the Victorian property market is expected to continue driving growth in stamp duty revenue of 6 percent on average for the next four years. Bur while the market recovered from a poor 2012, commentators warn that next year is unlikely to boom due to a softening economy, rising unemployment and a drop in consumer sentiment.

Lorne – Weekly Report
The past week in Lorne has seen the tradition increase in new stock for the summer period hit the market and there is an excellent offering with a great selection of well-priced property for sale. With two contracts written over the past seven days there continues to be active buyers in the market place when the price is right.
The constant thread is that asking prices must be aligned closely to the market price and a failure to do this will result in a property sitting on the market for an extended period. For those that are sellers, you need to ensure your price promotes you as “being in the market” or simply “on the market” where an outcome is unlikely. There are certainly buyers about if the price is right.
Merry Christmas to you all as this will be my last update before Santa arrives. May you enjoy the festive period, eat well, drink well and be sure to laugh a lot with those that are so special.

Open houses
Saturday 21st December
12:00 – 12:30 24 Grand Parade, Lorne
Monday 23rd December
12:00 – 12:30 50B Smith Street Lorne
1:00 – 1:30 148-174 Mountjoy Parade Lorne

Lorne – No better place in the world

Lorne – You must have a look at this
Lorne’s sustainable masterpiece- a purpose built eco-friendly residence in a magical bush environment. The three bedroom residence cleverly constructed by local builder Warwick Yates from reclaimed timbers sits on a majestic 5 acre allotment. This one has to be seen to be believed, so make sure you check it out. For further details, please call me on 0418 522 571.

Lorne – Great local slang
“As useful as an ash tray on a motor bike” – Useless.

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See you in Our Backyard.

Ian Stewart
0418 522 571