Surf Coast Shire, like all Victorian councils is required to revalue all residential, commercial and rural properties every two years under Victorian Government legislation.

The councils independent contract valuers reported that:

- The average value of residential properties throughout the shire rose 10.6% over the two years.

- Values across rural properties rose an average 14.4%.

There was also a wide variation in average rises across different communities in the Shire with residential values increasing strongly in small coastal townships like Eastern View, Moggs Creek, Aireys Inlet (18.8%) and Anglesea (15.5%).

Open houses this weekend

Saturday 4th September
11:00am – 11:30am 27 Longshore Street, Torquay
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 3 Nestor Court, Torquay

Sunday 5th September
12:00pm – 12:30pm 7 Loch Lomond Crescent, Torquay
1:00pm – 1:30pm 2/153 The Esplanade, Torquay
1:00pm – 5:00pm 25 Longshore Street, Torquay
2:00pm – 2:30pm 2/3 Hoylake Avenue, Jan Juc

Forthcoming Auctions
27 Longshore Street, TORQUAY Saturday 9th of Oct @ 11:00 am
5 Geelong Road TORQUAY Saturday 9th of Oct @ 1:00 pm
1540 Anglesea Road, BELLBRAE Saturday 9th of Oct @ 3:00 pm

See you on the coast.

Geoff Bennett Torquay Real Estate Agent

 
geoff@greatoceanroadrealestate.com.au
0458 513 860

Record property sale in Apollo Bay

Open houses this weekend

Saturday 28th August
11:00am – 11:30am 27 Longshore Street, Torquay
12:00pm – 12:30pm 3/9 Ozan Crescent, Jan Juc
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
1:00pm – 5:00pm 25 Longshore Street, Torquay
2:00pm – 2:30pm 3 Nestor Court, Torquay

Sunday 29th August
12:00pm – 12:30pm 7 Loch Lomond Crescent, Torquay
1:00pm – 1:30pm 2/153 The Esplanade, Torquay
1:00pm – 5:00pm 25 Longshore Street, Torquay
2:00pm – 2:30pm 2/3 Hoylake Avenue, Jan Juc
2:00pm – 2:30pm 1/3 Hoylake Avenue, Jan Juc

Forthcoming Auctions
27 Longshore Street, TORQUAY Saturday 9th of Oct @ 11:00 am
1540 Anglesea Road, BELLBRAE Saturday 9th of Oct @ 3:00 pm

See you on the coast.

Geoff Bennett Torquay Real Estate Agent

geoff@greatoceanroadrealestate.com.au
0458 513 860

A combination of interest rate rises and property price growth has seen housing affordability worsen more in Melbourne than other capital cities over the past year. This has also been reflected in the very buoyant market we have seen on the coast in the last 12-18 months.

Open Houses this weekend

Saturday 21st August
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 3A Nestor Court, Torquay
2:00pm – 2:30pm 3 Nestor Court, Torquay

Sunday 22nd August
12:00pm – 12:30pm 7 Loch Lomond Crescent, Torquay
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
2:00pm – 2:30pm 2/153 The Esplanade, Torquay

Forthcoming Auctions
27 Longshore Street, TORQUAY Saturday 9th of Oct @ 11:00 am
1540 Anglesea Road, BELLBRAE  Saturday 9th of Oct @ 3:00 pm
List with us – Torquay Property Agents
See you on the coast.

Contact us – Geoff Bennett
geoff@greatoceanroadrealestate.com.au
0458 513 860

The year’s biggest winner was the Surf Coast Shire, which had a median price increase of 29% to $600,000.

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.

Open Houses this weekend

Saturday 14th August
12:00pm -12:30pm 14 Rosedale Drive Torquay
1:00pm – 1:30pm 1540 Anglesea Road Bellbrae
1:00pm – 5:00pm 25 Longshore Street Torquay
1:00pm – 5:00pm 27 Longshore Street Torquay
2:00pm – 2:30pm 3 Nestor Court Torquay
2:00pm – 2:30pm 3A Nestor Court Torquay

Sunday 15th August
12:00pm – 12:30pm 7 Loch Lomond Crescent Torquay
1:00pm – 5:00pm 25 Longshore Street Torquay
1:00pm – 5:00pm 27 Longshore Street Torquay
2:00pm – 2:30pm 8 Watersun Road Jan Juc

See you on the coast.

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

On the Real Estate front, we continue to appraise numerous properties of which many are being listed for sale but won’t be marketed until September school holidays.

They can be inspected and indeed contracted for those buyers actively looking to secure a house prior to the usual Spring / Summer madness.

Open houses this weekend

Saturday 7th August
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 1:30pm 21 Conside Crescent, Torquay
2:00pm – 2:30pm 3 Nestor Court, Torquay

Sunday 8th August
12:00pm – 12:30 3/9 Ozan Crescent, Jan Juc
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 2/153 The Esplanade, Torquay

See you on our coast.

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

These days however, with the differences between the major parties less obvious than in days gone by, we are less likely to see too much nervousness from buyers. This certainly seems the case at present with very strong sales results in recent weeks from all our areas of operation from Torquay to Apollo Bay.

Open Houses this weekend

Saturday 31st July
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 1:30pm 21 Conside Crescent, Torquay
2:00pm – 2:30pm 3 Nestor Court, Torquay

Sunday 1st August
11:00am – 11:30am 1 Longshore Street, Torquay
12:00pm – 12:30pm 8 Watersun Road, Jan Juc
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 2/153 The Esplanade, Torquay

See you in Our Backyard.

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

1. Log onto www.surfcoasttimes.com.au
2. Click on the image of the Surf Coast Times paper in the middle of the page.
3. Click ‘Open Publication’
4. This will allow you to scroll through the paper on your screen!

You can also request to be mailed copies each week and to subscribe to their online news.

Open Houses this weekend

Saturday 24th July
11:00am – 11:30am 1 Longshore Street, Torquay
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 1:30pm 21 Conside Crescent, Torquay
2:00pm – 2:30pm 3 Nestor Court, Torquay

Sunday 25th July
12:00pm – 12:30pm 7 Loch Lomond Crescent, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 2/153 The Esplanade, Torquay

See you in Our Backyard.

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

Take a long term view
Take advantage of the cyclical booms that occur in property by planning to keep your investment for the long term. Be prepared for the highs and lows by making sure you have realistic financial goals and are comfortable with how much you are borrowing. Be prepared for changes to interest rates and increases to other expenses relative to your investment property including rates, insurances and management fees. It is also prudent to set up a ‘sinking fund’ for each investment property to cover repairs and maintenance that will inevitably arise in time.

Do your homework
Obtaining as much market information as possible about the property will help you make an objective decision. Research the capital growth history of the area and the potential rental income of the property (real estate agents and property research companies are a good starting point). Great Ocean Road Real Estate are very well placed to precisely advise as to exact yields and returns across all price ranges across the Surf Coast and hinterland.

Maintaining a good occupancy rate is crucial to your investment success, which means it is important to invest in an area with rental appeal, close to transport, schools and shops. A well-maintained, appealing property in good condition and in the right area should not be vacant for long periods, if at all. Vacancy rates in Jan Juc and Torquay are low and recent demand indicates this is unlikely to change. Access to Melbourne and Geelong, improved services and an increase in business and work opportunities are all combining to attract more people to the area.

Calculate your net return
The net return is the figure you need to know about in order to understand how your investment is travelling. A quick way to calculate it is to determine the gross rental return and then deduct approximately 20 per cent for outgoings such as maintenance, rates, management fees and insurance. While rents won’t rise quickly (but they will rise) , the cost of the investment can fluctuate which does affect your net return. If your loan repayments, fees and other costs exceed your rental income you can negatively gear your investment property. This means that the net loss can be offset against other income you earn, reducing the amount of tax payable on your other income.

Make use of equity
You might feel reluctant to use the equity in your home to buy an investment property, but it can be an ideal ready-made ‘deposit’ that reduces your reliance on savings. You can use the equity in your home or another investment property to buy a property without having to find any cash, even for the costs associated with the purchase.
A good tip is to revalue your property every year so that you can use your additional equity to negotiate a larger loan that you can reinvest in another rental property. Great Ocean Road Real Estate are more than happy to assist with market appraisals to assist with this process and to assist with the professional management of your property. Please contact us at any time if we may be of service! See you on the coast …. even if it’s a little fresh at the moment!

Open Houses this weekend

Saturday 17th July
11:00am – 11:30am 296 Grossmans Road, Torquay
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 1:30pm 21 Conside Crescent, Torquay

Sunday 18th July
12:00pm – 12:30pm 7 Loch Lomond Crescent, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 2/153 The Esplanade, Torquay

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

Every year, Southern right Whales make their way along the coast delighting locals and visitors alike.
Whilst we encourage safe and responsible driving at all times, keep an eye out over the coming months as these massive mammals slowly make their way along our shores.

Open houses this weekend

Saturday 10th July
12:00pm – 12:30pm 3 & 3A Nestor Court, Torquay
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 23 Springbank Circuit, Torquay

Sunday 11th July
11:00am – 11:30am 8 Watersun Road, Jan Juc
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
2:00pm – 2:30pm 1 Longshore Street, Torquay

See you on our coast.

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

RAIL connections from the Surf Coast to Melbourne have received a major boost announcing a new station for the region’s newest neighbour, Armstrong Creek.

The new station to sit on the existing railway line between Ghazeepore Road and the Surf Coast Highway. This connection will further enhance the benefits of the Ring Road by improving access to the Surf Coast.

The government is taking action to build the right infrastructure for growth to lock in a prosperous future for regional Victoria, one of the state’s key growth corridors.

The new station will provide enhanced access for residents to central Geelong and Melbourne and, as the most westerly station in Geelong, service the Bellarine Peninsula and Surf Coast region.
(Source Surf Coast Times)

Open houses this week

Saturday 3rd July
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 24 Conside Crescent, Torquay

Sunday 4th July
11:00am – 11:30am 8 Watersun Road, Jan Juc
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
1:00pm – 1:30pm 3/9 Ozan Crescent, Jan Juc
2:00pm – 2:30pm 1 Longshore Street, Torquay

See you on our coast.

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