The property used to host the annual Falls Festival, a major music event launched in 1993, went back on the market in February after it failed to sell two years ago.
In 2023, the site was listed for offers around $4 million but did not find a buyer. Two years later, it is back on the market for a price guide of $2.25 million to $2.5 million.
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The last festival at the Lorne site was held in 2018 but since then, other editions of the festival have been held in Byron Bay and Melbourne.
Ray White confirmed the property sold for $2,625,000 on 10 April, 2025 with the property consisting of three lots: two smaller ‘blank canvas’ parcels of cleared land and the large former Falls Festival site.
All the festival infrastructure was included in the sale, including the stage, toilets, manager’s cottage, and a number of outbuildings.
The owners are reportedly still having discussions about future plans for the property and are interested in a potential hospitality use.
Talks are taking place about the potential to run festivals ‘of a different sort of nature’ to Falls. Accommodation and glamping offerings are also being considered.
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