Lorne – Market Round Up
The Australian Bureau of Statistics (A.B.S.) released the Consumer Price Index results for the December quarter during the week. The December results provide a timely summary of consumer price rises up to the end of last year.
Headline inflation was recorded at 8% over the final quarter of the year and was 2.7% over the year. According to R. P. Data’s Cameron Kusher the most interesting fact is that the two final quarters saw inflation of 1.2% and 8.0% an annualised rate of 4.0%. The current inflation rate sits within R.B.A’s target band of 2% to 3% however; the strong level of inflation over the past two quarters lessons the prospect of interest rate cuts for the time being.
From a residential property market prospective the effects of inflation are also important to consider. Based on the R. P. Data Rismask Home Value Index, combined capital city home values increased by 9.8% in 2013 however, when you adjust for inflation the growth was a lower 6.9%. The point of interest here is that when talking property values in your local area you need to qualify whether they are adjusted to inflation to ensure the “real net” outcome.

Lorne – Weekly Report
Happy Australia Day weekend and where has the first three weeks of January gone! We are all so tied up in the rush of Christmas and the New Year that we can sometimes lose track of how quick time passes us by. This year has started the same way with the New Year well behind us, the Pier to Pub swam and won in a record time and can you believe it – children starting back at school next week!
Real estate activity has been tracing a more uncharacteristic path with the occasional surge of transactions and then an explainable quiet period to follow. As the end of the month draws nearer and we close in on our budgetary targets the stark reality is that we are a long way from where our local real estate markets were heading ten years ago.
The positive to emerge is that volumes of transactions are approximately 12% up on where they were for the financial year date period compared to last year.
For those that didn’t see the Melbourne Age article by Anson Cameron last weekend follow the link to read this very special piece on our Point Grey precinct. Click here.

Open Houses
Saturday 25th January
11:00 – 11:30 63 Great Ocean Road, Lorne
12:00 – 1:00 Cumberland Resort, Lorne
12:00-12:30 4 & 5 Roache Court, Lorne
1:00 – 1:30 100 Grove Road (Heath Street), Lorne
2:00 – 2:30 77 Dorman Street, Lorne
4:00 – 4:30 3-9 Armytage Street, Lorne
4:00 – 4:30 4/9 Albert Street, Lorne
Sunday 26th Janury
11:00 – 11:30 25A Toorak Terrace, Lorne
11:00 – 11:30 63 Great Ocean Road, Lorne
11:30 – 12:00 22 Great Ocean Road South, Lorne
12:00 – 1:00 Cumberland Resort, Lorne
1:00 – 1:30 24 Grand Parade, Lorne
2:00 – 2:30 3-9 Armytage Street, Lorne
2:00 – 2:30 25 Toorak Terrace, Lorne

Lorne – No better place in the world

Lorne – You must have a look at this
WATCH THIS SPACE!
With the finishing touches soon to be complete, we look forward to soon introducing one of Lorne’s brand new & exciting 4 bedroom , 3 bathroom, 48square (approx) beach homes.
Standing proudly amongst the tree tops and located within an opulent and peaceful dress circle, the property offers the highest level of accommodation, a thoughtful use of space and a luxurious, ultra-modern fit out on a scale rarely seen – with filtered ocean views achieved from almost all rooms.
Set over 2 levels, spacious light filled living areas with open fire place, floor to ceiling glass and state of the art kitchen which lead through corner sliding doors to a sunny wrap around timber deck.
Glamorous parent’s retreat with private balcony, also offers an ensuite bathroom, well-appointed walk in robe and office workstation, all personally commanding a filtered ocean aspect.
Downstairs also contributes unforgettable accommodation with a further 2 bedrooms, central bathroom, dual zoned living space/teenager’s retreat , two car lock up garage, ample internal secure storage, multiple deck spaces, 6 star & bushfire overlay compliant.
For more information on this exciting, brand new buying opportunity – with all the hard work complete, please contact Karen Stribling – 0439 650 838 or karens@greatoceanroadrealestate.com.au

Lorne – Great local slang
“Put a snag on the barby” – A great thing to do on Australia Day.

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Ian Stewart
0418 522 571