Aireys Inlet Real Estate Open Inspections Grand Final Weekend

Despite the fact that it is school holidays we expect half of the weekend to be quiet in real estate in Aireys Inlet and on the coast.

With the Cats and the Pies doing battle on Saturday, most will be glued to a radio or TV to watch the big game. We will be having some open home and land for inspections on Saturday before the bounce down and of course it’s business as normal on Sunday. We try and work harder for our vendors. List with us for the full service.

If you are coming down this weekend you might want to inspect the Surf Coast Spa Resort apartments in Anglesea. We have nine apartments in total ranging in price from $315,000 for a one bedroom apartment up to $625,000 for a spacious two bedroom apartment with stunning views over the Anglesea river to the ocean beyond.

They will be open for inspection Saturday and Sunday between 1:00pm and 1:45pm.

Click here for info on this weekends surf.

Open Houses this weekend
Saturday 1st October
11:00am – 11:45am Lot 36 Narani Way, Fairhaven
11:00am – 11:45am 7 Narani Way, Fairhaven
11:00am – 11:45am Lot 29 Narani Way, Fairhaven
12:00pm – 12:30pm 15 Aireys Street, Aireys Inlet

Sunday 2nd October
11:00am – 11:45am Lot 36 Narani Way, Fairhaven
11:00am – 11:45am 7 Narani Way, Fairhaven
11:00am – 11:45am Lot 29 Narani Way, Fairhaven
12:00pm – 12:30pm 53 Great Ocean Road, Aireys Inlet
2:00pm – 2:30pm 22 Beach Road, Aireys Inlet
3:00pm – 3:30pm 10 Anderson Street, Aireys Inlet

See you in Our Backyard.

Aireys Inlet Real Estate Open Home Inspections September 17 – 18

DUD AUCTION BUYER SUCCESSFULLY SUED

An auction ‘buyer’ whose cheque for the 10 per cent deposit bounced was successfully sued by the home’s owners in the NSW Supreme Court.

The Sydney house, based in Collaroy, was initially sold for $2.3 million to Lily Gubbay, beating two other bidders.

But, as The Daily Telegraph reported, Ms Gubbay left a dud cheque for the compulsory 10 per cent deposit.

The owner, who eventually sold the house for $1.95 million, successfully sued Ms Gubbay in what the report said was believed to be the first case of its kind.

On Friday, Justice Bergin ordered the ‘buyer’, Ms Gubbay, to pay the $350,000 difference plus interest, costs of the first auction and the cost of reselling the house.

The total amount payable was estimated at $447,000 compensation plus legal costs of more than $50,000.

After Ms Gubbay’s $230,000 cheque bounced, her lawyer Damon Hall told the sellers his client “had no money,”  Justice Patricia Bergin said.

Seller Pamela Clancy, who put the family house on the market along with her cousin David Burnet, said she would never sell a house by auction again.

“It gives you a nasty feeling,” Ms Clancy told the newspaper.

Real Estate Institute of Australia president Pamela Bennett told the Daily Telegraph that she had never heard of this happening in her 35 years in the business but it shouldn’t put people off selling at auction as it simply reinforced that the process was legally binding.

“At all auctions you must be able to pay the deposit. It is unconditional,” she said.

Aireys Inlet Real Estate Open Houses

Saturday 17th September
11:00am – 11:45am Lot 36 Narani Way, Fairhaven
11:00am – 11:45am 7 Narani Way, Fairhaven
11:00am – 11:45am Lot 29 Narani Way, Fairhaven

Sunday 18th September
11:00am – 11:45am Lot 36 Narani Way, Fairhaven
11:00am – 11:45am 7 Narani Way, Fairhaven
11:00am – 11:45am Lot 29 Narani Way, Fairhaven

Aireys Inlet Real Estate News

The Melbourne median house price weakened marginally over the July quarter, falling 0.9 per cent, according to the latest Australian Property Monitors data.

But although, over the past year, Melbourne’s median house price has fallen 2.9 per cent, the results are nonetheless encouraging for market stabilisation, as the median actually rose 30 per cent over the 18 months between January 2009 and June 2010.

And despite buyer activity in Melbourne remaining relatively subdued, there are indications that housing market activity over the remainder of 2011 is steadying.

The economy remains robust, with the ABS reporting a low unemployment rate of 4.8 per cent in July and private sector wages increasing 4.2 per cent over the year to June 2011. Continued low unemployment, rising incomes and stable interest rates should encourage increased buyer activity in Melbourne for the remainder of 2011.

With much focus last week on the outcome of the television series The Block, the final results, with all four properties selling for within or above their estimated price ranges, provide some encouragement that the Melbourne market remains active, particularly for inner-city properties.

All other Australian capital city housing markets also recorded falls in median house prices over the July quarter. This indicates the continuance of the subdued buyer activity evident in most housing markets so far in 2011.

Perth recorded the largest fall in house prices, down by 2.7 per cent, over the quarter. It was followed by Brisbane, down 2.1 per cent; and Darwin and Adelaide, each falling 1.9 per cent.

Melbourne and Sydney again proved to be the most resilient of the state capitals; Melbourne’s low fall of 0.9 per cent was followed by Sydney’s, down by 1.1 per cent.

Over the year ending July this year, Sydney and Melbourne median house prices have also fallen the least of all the major capitals, down 0.6 per cent and 2.9 per cent respectively.

Perth and Brisbane recorded the worst median house price falls, by 6.2 and 5.8 per cent respectively over the year.

Open houses this weekend

Saturday 3rd September
2:00pm – 2:30pm 51 Camp Road, Anglesea

Sunday 4th September
2:00pm – 2:30pm 51 Camp Road, Anglesea

See you in Our Backyard.

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