Prices continue to soar

As house prices in Melbourne continue to soar (up 15% in the year to November) one of the key reasons is said to be immigration. Victoria’s population grew by 2.14% for the year, and it is estimated it is growing at about 2000 a week.

While putting obvious pressures on city and regional areas, this will inevitably flow through to coastal areas. There is however one difference in our area. There is no further room for expansion. What this means is that more people will want to come to our areas which cannot grow geographically and this will put pressure on prices which should result in continues strong capital growth for land owners.

Forthcoming auction: 42 Banool Road, Fairhaven.

Open Houses this weekend

Saturday 12th December
12:00pm – 12:30pm 9 Narani Way, Fairhaven
1:00pm 1:30pm 6 Orchid Grove, Fairhaven
Sunday 13th December
12:00pm – 12:30pm 9 Narani Way, Fairhaven
1:00pm 1:30pm 6 Orchid Grove, Fairhaven
3:00pm 3:30pm 1156 Great Ocean Road, Lorne

See you down the coast.

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

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Steve Ryan Photography

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