Our Backyard – Aireys Inlet

Welcome to Aireys Inlet

Thank you to those of you who responded to my video from last week.  The feedback is much appreciated.  And yes, the beard has gone!

According to the BIS’s latest quarterly review of global housing, Australia was the second most expensive market on a reasonably and inflation-adjusted index of advanced economies behind Norway and ahead of Great Britain and Sweden.  Australia scored 200 points where the base, representing the average of the full sample of countries is 100.

On a price-to-rent ratio, which assesses the theoretical ability of rental yield to cover mortgage costs, Australia is also among the worlds highest-cost housing markets.

The same goes for the price-to-increase ratio, which reflects affordability.  Australia comes in at 140 points just behind highest rated Belgium but on the same line as Canada and New Zealand.

The Melbourne market continues on strongly and last week saw the first time since 2010 of three consecutive weeks with a clearance rate of more than 70%.

Last weekend saw a clearance rate of 77.1%, slightly down from the previous week 79.1% but well ahead of last year.

In more local news, whales were spotted of Moggs Creek and Fairhaven last week.

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Some great listings coming onto the market in coming weeks including:

* A house in Aireys Inlet with great coastal views and set on 5 acres.  Around $1.5 to $1.6M.

* Three bedroom house in Fairhaven, great ocean and lighthouse views for $1.3 to $1.35M.

* A vacant block of 1.5 acres in Aireys Inlet with ocean and valley views for $625,000.

* A three bedroom house with views and only metres from the Fairhaven beach for $1 to $1.1M.

For further information on these forthcoming properties please contact us directly.

OPEN FOR INSPECTION

Saturday September 20, 2014

44 Aireys Street, Aireys Inlet  12.00 – 12.30

10 Amaroo Crescent, Aireys Inlet  12.30 – 1.00

4 Boolooral Court, Moggs Creek  2.00 – 2.30

SUNDAY SEPTEMBER 21, 2014

24 Narani Way, Fairhaven  1.00 – 1.30

29 Yandanah Road, Fairhaven  2.00 – 2.30

 

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James Worssam

james@greatoceanroadrealestate.com.au

0418 585 815

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