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.
According to this month’s Herron Todd White Westpac property report, prices for vacant land in regional Victoria remain strong, due to a lack of supply and increase in demand.
With the ever increasing population growth, the infrastructure and designated growth nodes – combine this with new levels of appreciation – purchasing of coastal property is a sure fire way of enjoying good returns and proven capital growth over the medium term.
Forthcoming Auction
4/28 Moore Street, Apollo Bay Sunday 26th of Sep @ 1:00 pm
See you on the coast.
Darren Brimacombe
darren@greatoceanroadrealestate.com.au
0418 317 424