Our Backyard – Lorne Real Estate Victoria

Lorne – Real Estate Market round up

This week has been a big week for assisting property consumers regain confidence in the coastal property market. It is also prudent to note that the Lorne market has been relatively static since summer of 2003/2004 and in hibernation since the Global Financial Crisis of 2008.

This week the Reserve Bank of Australia decided to leave the cash rate at 4.75%. The the big news announcement that Australia’s Gross Domestic Product rose by 1.2% which clearly shows that the summer floods and storms seriously impacted our two biggest export commodities – iron ore and coal. A better result than expected as the economy returns to growth in the June quarter, so the September quarter should be a positive G.D.P. result also.

As we have been saying “it all points to the right time to be buying here in Lorne’. We will look back in years to come and say that the Lorne property market bottomed in 2011.

‘Lorne – Weekly report’. The Lorne Performing Arts Festival has its inaugural event this weekend and we wish all those involved every success with the weekend that lies ahead. On the sporting front unfortunately the U/13 Lorne netballers lost their preliminary final but to finish third was a great effort that all can be proud of. A special mention to the Lorne pair Ebony De Lima and Ruby Meredith, winner and runner up of the Colac and District Football/Netball League U/13 Best and Fairest. Also a special mention to Frazer Stewart and his efforts as part of the premiership team for the Newtown and Chillwell U/16 football side.

newtown and chillwell football club

Saturday 10th September
12:00pm – 12:30pm 56 Deans Marsh Road, Lorne
12:00pm – 12:30pm 77 Charles Street, Lorne
1:00pm – 1:30pm 5/12 Grove Road, Lorne
1:30pm – 2:00pm 14 George Street, Lorne

Sunday 11th September
12:00pm – 12:30pm 9 Grand Parade, Lorne
1:00pm – 1:30pm 4 Roache Court, Lorne

‘Lorne – No better place in the world’. Don’t forget the festival!!! www.lovelorne.com/festival2011. We are lucky to enjoy our town 365 days per year for those less fortunate I feel sure the images we bring you will make it easier when you are not here!

lorne festival victoria

‘Lorne – You must have a look at this’. An Edgard Pirrotta designed 4 level master piece. This brand new home located at 4 Roache Court which features stunning ocean and coastal views has been built to perfection. This prestige residence has been reduced in price by $200,000 and is awaiting a lucky buyer’s immediate enjoyment. A brand new home without the numerous planning hassles and the drawn out building process – A very rare opportunity indeed!!!

‘Lorne – Quote of the week’. “I love my past. I love my present. I’m not ashamed of what I’ve done, and I’m not sad because I have it no longer. Collette 1926

See you in Our Backyard.

Ian Stewart
contact via email
0418 522 571

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