Our Backyard – Aireys inlet

The silly season is officially over and the relaxed vibe is back on the coast.

The long weekend provided an interesting snapshot of the local market.  On the weekend there were two auctions of vacant blocks on the beachside of the Great Ocean Road in Aireys Inlet and three houses auctioned in Fairhaven, all seeking prices over $1,000,000.

The two blocks both sold under the hammer with the standout result being the sale of 2 Wright Street, Aireys Inlet for $581,000 following 63 bids.

The three houses however were all passed in with no bids during the auction.  Since, one has sold for below the quoted range, another is likely to sell today for below the quoted range and the third is still for sale.

It shows that the market is very strong for certain properties in certain price ranges and not so strong for others.

The lack of properties for sale continues to be good news for our sellers but not so good for the buyers.

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James Worssam                                                      Ben Jackson

james@greatoceanroadrealestate.com.au         ben@greatoceanroadrealestate.com.au

0418 585 815                                                            0437 380 706

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