5th August 2021
APOLLO BAY- HERE & THERE
In local news, DELWP has reported that construction will soon get underway on the next stage of coastal infrastructure at Apollo Bay to manage the impacts of beach and foreshore erosion.
Stage two of the $7.4 million project includes:
– approximately 600 metres of new rock seawall along the foreshore north of Milford Street
– a 160-meter-long rock seawall between the two groynes constructed during stage one
– a third 70-meter groyne just north of Mariners Lookout Roadrevegetation, new pedestrian stairways and maintenance vehicle access ramps
Stage one of the project began in February 2021 and is now complete. It included constructing two new 70-meter-long groynes and sections of rock seawall to protect the dune, walking path, cypress trees and Great Ocean Road. Works will get underway in August 2021 and expected to be complete by the Summer holidays.
APOLLO BAY- MARKET ROUND UP
House prices in the Colac Otway District are among the fastest growing in the state new data has revealed, fuelled by sea & tree changers with more than 32,000 Melburnians having quit the city in the 12 months to March, the most of any Australian capital, exacerbating existing housing supply issues to drive up prices with CoreLogic’s 2020-2021 residential property index highlighting the trend. Colac Otway Shire region surged 18.6 percent during the year to June 30, the rise ranks sixth out of twenty six regional Victorian study areas and exceeded growth of nearby cities with regional Victoria averaging 15.6 per cent growth. These figures come as no surprise given the constant demand and low stock levels across the board for property in the area over the last 18 months.
The all too familiar ‘COVID’ enquiry pattern was once again evident over the past weeks during the 5th Victorian lockdown with enquiry levels dwindling to nearly nothing through the lockdown days with stay at home orders preventing travel and property inspections, followed by an over compensation enquiry flood as restrictions were lifted, as has been the pattern throughout the entire COVID period.
With the continued pressures on stock levels along the coast, selling strategies continue to be the biggest key in unlocking premium results in a seller’s market, if you are thinking of selling or would like an updated appraisal please feel free to speak to our team to ensure you maximise the outcome of your home sale.
For and on behalf of the entire Great Ocean Road Real Estate team
APOLLO BAY- A LITTLE SECRET
Keep a look out for the breath taking Southern Right Whales as they make their annual migration through the Southern Ocean, this week a mother and calf who had spotted of for a play in the calm waters at Petticoat Creek during their journey South! The Southern Right Whale can be recognised by its smooth, black back and lack of a dorsal fin. On the head of each Southern Right Whale are a number of crusty outgrowths called callosities, markings that differ from whale to whale. Irregular white patches sometimes found on the whale’s belly distinguish them from other species.
APOLLO BAY- QUOTE OF THE WEEK
“Optimism is the one quality more associated with success and happiness than any other.”
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