Throughout summer Torquay and Jan Juc property sales achieved record levels and we are currently finding the demand for well located and correctly priced land at high levels and being snapped up within days of hitting the market.

An example of land prices appreciating within the 3228 postcode is the sale of a vacant block for $205,000 late last year, which has just sold for $258,000.00. This represents a very strong increase of 25.85% in less than 6 months.

An overall increase in property prices along the coast continues with Jan Juc achieving an almost 10% increase.

Capital Growth in Median Prices
                   Torquay               Surf Coast LGA
Period         % Change              % Change
2010             4.7%                      5.1%
2009            2.9%                       3.1%
2008            4.5%                       2.4%
2007            2.6%                      4.1%
2006            8.9%                      9.4%

Open Houses this weekend

Saturday 29th May
10:30am – 11:00am 45 Grandview Road, Torquay
12:00pm – 12:30pm 3 Port Phillip Court, Torquay
1:00pm – 1:30pm 23 Springbank Circuit, Torquay
2:00pm – 2:30pm 7 Loch Lomond Crescent, Torquay
3:00pm – 3:30pm 2/45 Boston Road, Torquay

Sunday 30th May
11:00am-11:30am 296 Grossmans Road, Torquay
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 1:30pm 8 Watersun Road, Jan Juc
2:00pm – 2:30pm 2/153 The Esplanade, Torquay
3:00pm – 3:30pm 1/3 Hoylake Avenue, Jan Juc
3:00pm – 3:30pm 2/3 Hoylake Avenue, Jan Juc

Forthcoming Auction
45 Grandview Road TORQUAY    Sat 29th of May @ 11:00 am

We look forward to seeing you on our coast.

Geoff Bennett
geoff@greatoceanroadrealestate.com.au
0458 513 860