Great Ocean Report July 2018
The 2017/18 financial year saw a very active coastal market once again and it is interesting to see the contrast in price and volume of house sales in each town in our service area from the previous financial year.
So let’s look at the performance of each of the towns during this period. As a reference, these sales are house sales, that is, a free standing dwelling on its own title. We do not include land sales or units although freestanding dwellings with common driveways are included. The median house price is calculated as the “middle” price when all the sales are ranked from lowest to highest.
Torquay again continues to have significant turnover with 249 house sales for the year which was down from 330 the previous financial year. The median house price has been calculated at $818,750, up considerably from $720,000 in 2016/17. There were 47 sales above $1m, 2 sales between $2m – $3m and just the 1 at $3,006,000 which was the top sale for the year. For context, there are c…
Read more