Archive for August, 2010

Our Backyard

It’s been a wet week along the Great Ocean Road and in the Otways, as it has been in most of Victoria.

In fact on Tuesday, Boonah, a rural area around 20-25 minutes inland from Aireys Inlet, recorded Victoria’s highest rainfall with 18mm. For more information on properties on small or large acreage in our hinterland areas like Boonah, Deans Marsh, Forrest etc please contact Peter Boyce on 0419 582 448 … Continue Reading »

Our Backyard

Melbourne could overtake Sydney as the least affordable Australian city to buy a home in, if trends showing housing affordability plummeting to near record lows continue.

A combination of interest rate rises and property price growth has seen housing affordability worsen more in Melbourne than other capital cities over the past year. This has also been reflected in the very buoyant market we have seen on the coast in the last … Continue Reading »

Our Backyard

The Real Estate Institute of Victoria has released figures showing median prices in regional Victoria over the past year increasing by 29% in some areas and plunging by almost 8% in others.

The year’s biggest winner was the Surf Coast Shire, which had a median price increase of 29% to $600,000.

According to this month’s Herron Todd White Westpac property report, prices for vacant land in regional Victoria remain strong, due … Continue Reading »

Aireys Inlet, a buyers favourite

Figures released recently show that Aireys Inlet was the only non-metropolitan area in Victoria to figure in the top 10 for growth in house prices over the past 12 months.

During the period from March 2009 to March 2010, house prices in Aireys Inlet rose a massive 41.1%, with the median price now standing at $690,000.

Nine out of ten of Victoria’s top 10 growth suburbs were located … Continue Reading »