Archive for January, 2010

Demand exceeds supply

Economists tell us that demand for housing in Australia has been outstripping supply since 2004, leading to rising prices even through the economic downturn. While house prices in the US have fallen by 30% since 2006, they have risen by 20% in Australia.

Part of this rise has been blamed on state governments not releasing enough land on urban fringes. The fact that town boundaries have been capped in the … Continue Reading »

Property Market Bounced Back

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 … Continue Reading »

Book a holiday!

The accommodation centre had a massive fortnight and was 98% occupied of the lettable properties on and surrounding the Great Ocean Road. We are tracking at 70% for the next two weeks, so feel free to book online as there is plenty of available accommodation. Some properties can be booked for short stays now (3 – 5 days).

Open Houses this week.

Saturday 16th January
12:00pm – 12:30pm … Continue Reading »

Summer brings the crowds

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 … Continue Reading »