If ever there was more evidence needed of the bounce-back of our property market, this January must surely be it. So far this office has transacted almost $5m in stock in 22 days. The most impressive being that of 42 Banool Road, Fairhaven, sold prior to auction for an undisclosed figure.

If sales continue in the same vain for the coming months, then scarcity of stock will become a problem, which was a characteristic of our market in the heady times of 2006/07. Strong demand combined with low stock levels will put upward pressure on prices. Good news for those who own in the area, but signs that today’s prices may look cheap in years to come.

Open Houses this weekend

Saturday 23rd January
12:00pm – 12:30pm 9 Narani Way, Fairhaven
3:00pm – 3:30pm 6 Orchid Grove, Fairhaven

Sunday 24th January
1:00pm – 1:30pm 4B Vera Court, Aireys Inlet
2:00pm – 2:30pm 33 Yandanah Road, Fairhaven

James Worssam
james@greatoceanroadrealestate.com.au
0418 585 815

Steve Ryan Photography

With the Summer weather comes the Summer crowds, and as happens every year, the Coast is bursting with people. Thankfully, this will only last for a while, but to us agents, the effects can last for months and years. Many tourists, holiday tenants and visitors to the area at this time of the year become buyers in both the short and long term. The buyer we show around today may purchase in the next month, year or even two years! Sometimes, people purchase on their first trip and their first look. This is yet another reason why it is critical that properties for sale are priced correctly from the start. The one buyer you missed because your property is overpriced, may purchase another property nearby that is correctly priced. The longer a property is on the market, can lead buyers to ask ‘Why is this property still for sale?’ As the old saying goes: ‘Nobody wants a house that nobody wants’

Pricing correctly from the start is the main ingredient to any sale. Not marketing, not the agent. It always comes back to price.

OPEN HOUSES THIS WEEK

Saturday 9th January
12:00pm – 12:30pm 9 Narani Way, Fairhaven
1:00pm – 1:30pm 1156 Great Ocean Road, Lorne
2:00pm – 2:30pm 33 Yandanah Road, Fairhaven
3:00pm – 3:30pm 6 Orchid Grove, Fairhaven

Sunday 10th January
12:00pm – 12:30pm 9 Narani Way, Fairhaven
1:00pm – 1:30pm 4B Vera Court, Aireys Inlet
2:00pm – 2:30pm 42 Banool Road, Fairhaven    Forthcoming Auction Sun 24th Jan @ 2:00 pm

Tuesday 12th January
1:00pm – 1:30pm 4B Vera Court, Aireys Inlet

Wednesday 13.th January
12:00pm – 12:30pm 9 Narani Way, Fairhaven
1:00pm – 1:30pm 1156 Great Ocean Road, Lorne
2:00pm – 2:30pm 42 Banool Road, Fairhaven     Forthcoming Auction Sun 24th Jan @ 2:00 pm

Thursday 14th January
2:00pm – 2:30pm 33 Yandanah Road, Fairhaven
3:00pm – 3:30pm 6 Orchid Grove, Fairhaven

Come along to an open, we’d love to see you there.

James Worssam
0418 585 815
james@greatoceanroadrealestate.com.au

Steve Ryan Photography