6th September 2019
NO LIMITS FOR BUOYANT APOLLO BAY MARKET
Given the shortage of coastal homes available for sale between Anglesea and Lorne in the current market, Apollo Bay is expecting another bumper sales year ahead. With a range of buyers expressing a strong interest in the area from Melbourne & Bendigo areas as well as expat buyers particularly from Hong Kong and Singapore.
While the winter season is traditionally our quietest along the coast, since June 1st we have seen over 20 sales transactions in the Apollo Bay area, with seven of these transactions achieving a sale price of over $850,000 and five of these transactions achieving a sale price over $1,000,000, giving the market a flying start leading into Spring and Summer.
We are now seeing consistent buyers at the higher levels, given the fact that property offering will remain tight along the coast over the coming months as well as interest rates at a low and Apollo Bay remaining on trend as one of the most desirable holiday destinations in the state. Apollo Bay has had a median price increase of 42.5% over the past 5 years, from $460,000 in 2015 to $584,500 in 2019.
Combine this with excellent tourism forecast with consistent growth along the Great Ocean Road and in particular, Apollo Bay, with holiday rental occupancy’s at an all-time high and further development of the town, including the harbour precinct. The harbour is a major regional facility providing one of only three safe harbour’s on the Western Victorian Coast. The project aims to build on the town’s tourism potential and encourage increased visitation and length of stay.
Information source: Surf Coast Times ‘Town By Town Snapshot” Originally published 04.07.2019
Responding to the ever-increasing market Great Ocean Road Real Estate has superb offerings in Apollo Bay, Marengo, Skenes Creek and surrounds we present:
If you are looking for a beach side lifestyle, this north facing, coastal inspired, relaxing home offers it all. The property offers 3 levels with great open plan design & upstairs indoor-outdoor living areas over 2 decks that flow seamlessly to maximise the ocean views. The ocean roar & beach, just a stone’s throw away. A very attractive, inviting, easy care lifestyle property.
Moments away from pristine beaches, Great Ocean Road Real Estate presents:
This superb property is the ideal beach retreat or permanent home, just 5 minutes’ walk to expansive stretches of golden sand & glistening water & a relaxing stroll to the township of Apollo Bay. Perfect for those who love to entertain family & friends, this home offers spacious open plan kitchen/dining & living, complemented by an extensive outdoor undercover entertainment zone, complete with a wood fire pizza overlooking the garden. The spacious lock up garage is ideally designed for a fisherman or water sports enthusiast & offers plenty of room to store all those coastal living essentials!
Have a great weekend, look forward to seeing you in Our Backyard!
0418 317 424