A wet few days on the Great Ocean Road this week, and although sales activity remains subdued, the level of genuine buyer enquiry seems to be increasing.

There are some good signs starting to emerge from the Melbourne market, especially in the first home buyer market which is a critical barometer in any real estate market. When first home buyers start confidently acquiring units and houses, it’s usually a telltale sign the wider market is starting to turn – and that confidence is now being seen in most Australian cities, especially in Melbourne.

Whilst first home buyers only make up a tiny percentage of our market, it is another sign of a recovery in the market.

On the local front, look out for a stunning parcel of land coming up for sale, metres from the beach in Aireys Inlet with views and over 4,000m in size. Contact me for further information.

Open for inspections

Saturday 18th March 2012

11:00 – 11:30 24 River Road

12:00 – 12.30 15 Aireys Street

1:00 – 1:30 10 Anderson Street

2:00 – 2:30 54 Golf Links Road

Sunday 19th March 2012

11:00 – 11:45 Narani Way

12:00 – 12:30 9 Albert Avenue

1:00 – 1:30 28 Old Neuk Road

2:00 – 2:30 3 Noel Road

James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

Things might still be tough, but according to a Real Estate Business Sentiment Survey, more real estate principals are feeling in a better economic position that last quarter.

One third of participants felt the economy was performing better than last quarter.  The majority of Australia’s real estate professionals continue to lament the federal governments handling of the economy.

According to the survey 81.9% said they weren’t impressed by the federal governments management of the Australian economy.  While just over half said the current RBA official cash rate – which sits at 4.25% would have a positive impact on demand for residential property in the coming quarter, around 44% said it would have no impact.

See you in Our Backyard.

James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

Is the worst behind us?  Whilst sales activity is still subdued, there has been a noticeable increase in sales and sales enquiry in the $500,000 to $650,000 range.

A handful of sales this past week in the $500,000’s range and some strong enquiry as well, indicates that perhaps there is some cautious optimism returning to our marketplace.  This price range is almost our ‘buy-in’ price for a house in our area and is likely to be a conservative entry point for many buyers with the thought to perhaps improve or upgrade later when the economic climate is brighter.

I currently have a couple of ‘off market’ properties in this price range for sale now, so if this is your price range, please contact me directly.

Click here for info on this weekends surf.

See you on the coast.

Aireys Inlet Real Estate Open Home Inspections December 10 & 11

As we head in to the peak summer property selling season, we are delighted that the Reserve Bank has again decided to cut rates and even more delighted that most of the banks are looking to pass the cut onto its customers.

Historically low rates and relatively high stock levels create the ideal buying environment. Over the next six weeks there will be more Aireys Inlet real estate properties on the market than we have seen for some time. As well as marketed stock, we have a number of ‘off-market’ listings available as well. If you are thinking about dipping your toe into the water, now is a great time. No doubt we will look back on late 2011 early 2012 as a great time to have bought here

Open houses this weekend
Saturday 10th December
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
12:30pm – 1:00pm 47 Aireys Street, Aireys Inlet
1:00pm – 1:30pm 565 Deans Marsh - Lorne Road, Deans Marsh
2:00pm – 2:30pm 10 Anderson Street, Aireys Inlet
Sunday 11th December

See you in Our Backyard.

Thinking of selling? List with us.

Today’s announcement that coal mining will be allowed to continue at Anglesea is possibly the worst in a long list of bad environmental decisions since the Baillieu government was elected, according to Friends of the Earth. The government says that the supporting legislation, introduced by the government today, will “modernise” its agreement with the Anglesea coal mine and power station and support regional jobs.

Friends of the Earth campaigns co-ordinator Cam Walker said “what the government fails to mention is that the Point Henry smelter is not dependent on receiving energy from Anglesea to be viable. Alcoa could buy renewable energy to meet its needs and keep Point Henry going.”

Alcoa began operating the mine in 1961 and indicated in 2008 that it would exercise its right to extend its lease another 50 years. Any future mine expansion will now be limited to three per cent of its total lease area, which is 7,145 hectares, and be subject to a new environmental process.

“The Energy and Resources Minister, Mr O’Brien, says that the revised agreement is a ‘win-win’ outcome. But who wins? Alcoa, who gets to continue to burn dirty, high sulphur coal,” Walker said. “Who loses? The community of Anglesea, who will have to bear decades of public health impacts. The environment loses, as climate pollution will continue. The highly significant coastal heath lands will continue to be negatively impacted”.

“The time for further investment in dirty coal is over. The Baillieu government has yet again missed a significant opportunity to begin the transition to sustainable energy”.

“While the government can say that Alcoa had the right to extend its agreement, the fact remains that the coal resource is the property of the state, not the corporation. A giant corporation has won out against the long term interests of the local community. While landowners in places like Bacchus Marsh also have no control over new coal and CSG operations on their land, the government has chosen to side with a multi national corporation. It should have had the courage to oppose this extension.”