Home-buyers rush to call coast home
COASTAL properties are selling fast across South Gippsland on the back of cheaper prices and more competition.
Inverloch and Venus Bay remain hotspots for people wishing to live by the sea, as more people discover the region’s magic.
Inverloch real estate agency Stockdale and Leggo equalled its best selling rate in four years during January.
Stockdale and Leggo Inverloch director Adam Leys said that was the result of more buyer confidence and competition.
“New people continue to discover Inverloch and there is a growing awareness,” he said.
“Visitors keep coming back to Inverloch rather than the Mornington Peninsula because they prefer the country village feel and beach.”
The agency is experiencing demand for holiday homes and permanent rentals – a welcome turnaround after extreme prices during construction of the desalination plant pushed people out of the market.
“Now prices are more affordable and people are gravitating back to the town,” Mr Leys said.
“The market level has shown strong signs of improvement. We are seeing more buyer competition with two or three buyers after the one property.”
With more people aware of the variety of properties on offer in Inverloch, Mr Leys predicts 2015 will be a good year for the town.
The same sales strength has been shown in Venus Bay, with more people looking to buy properties or vacant blocks.
“Our sales this season are certainly stronger than last year, with plenty of interest still about which is great,” Alex Scott and Staff Venus Bay sales agent Daniel Lawrie said.
“We have also had many first time visitors to Venus Bay this season who have immediately fallen in the love with the area and purchased, or made plans to purchase, in the future.”
Due to a large number of tourists, home-owners and day trippers, Venus Bay is seen as the second largest town in South Gippsland over the summer season, with Leongatha its close rival.
“Popularity for the area is certainly growing year after year,” Mr Lawrie said.
“Prices of homes that have been sold have been anywhere from entry level prices of low two hundred thousands up to the mid four hundred thousands.”
Vacant allotments have sold anywhere from $65,000 to $100,000, with some premium lots even higher.
“It really is still one of the most affordable beachside/riverside locations within a two hour drive of Melbourne,” Mr Lawrie said.
Sold, sold: Stockdale and Leggo Inverloch’s director Adam Leys recently sold the last lot in Inverloch’s new iconic Ruttle Estate. Sales have peaked over the holiday period.
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Posted by Tayla Kershaw on Feb 17 2015. Filed under Featured, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
