Regional & Rural Market Review + New Listing Sneak Peak
In this months’ communication we’re providing a quick ‘real time’ update on how Victoria’s property market is performing and a ‘sneak peek’ look at a few wonderful regional Country Lifestyle listings that’ll hit the market within the next couple of weeks.
Despite the continuation of state wide restrictions on people movement, particularly out of Melbourne, country real estate across regional Victoria is transacting at an incredible rate.
It seems as soon as a property is listed the phone rings, inspections take place and the property sells!
Regional Agents are also facilitating an unprecedented number of transactions ‘sight unseen’, with buyers happy to purchase by way of ‘virtual or online inspection’ only. The value of ‘sight unseen’ transactions tend to be sub $1,000,000 and in some cases may include a clause in the ‘conditions of sale’ stating ‘subject to a physical inspection’. Before entering into a sale arrangement of this nature we recommend you refer to your Solicitor or Conveyancer for advice.
Step three of the Victorian State Government’s ‘five step roadmap’ out of lockdown indicated Melburnians would have the ability to travel to regional Victoria from Monday the 26th of October (subject to review), however on Monday the 26th of October the Victorian Premier indicated Melburnians will most likely have the ability to travel freely across the State of Victoria from Monday the 9th of November.
We expect once Melburnians do have the freedom to travel we will witness a significant increase in property transaction numbers across Regional Victoria, particularly within a two hour radius of Melbourne.
Whilst in lockdown Ray White Victorian network has been working hard to prepare Regional property for sale in-line with the State Government’s five step roadmap timeline. For example, in the 28 days to 1 September the Ray White Victorian network listed 618* new properties for sale. In the 28 days to the 1st of October we listed 898* new properties for sale, an increase of 45%* in 1 month.
Ray White new property listings 28 days to 1 September = 618*
Ray White new property listings 28 days to 1 October = 898* (up 45%*)
Spring is here, we’ve just commenced daylight savings; hopefully further good news in the form of the ability to travel is on the horizon.
Ray White Rural Victoria
Mobile: 0403 043 571
*Source – Ray White Pulse; network statistics Victoria/Tasmania
To receive a copy of our comprehensive National Ray White ‘Now’ report please contact us.
We have a selection of quality Country Lifestyle / Rural properties to choose from, most within close proximity to Melbourne.
Reedy Creek – “Luxury Country Living 70 Minutes to Melbourne” >> click here <<
Myers Flat – “Boutique Winery and Tourism Lifestyle Opportunity” >> click here <<
Marysville – “Kings View Residential Land” >> click here <<
Wandong – “Not too big, not too small, just perfect” >> click here <<
Taggerty – “Hideaway Heaven at the Cathedral Ranges” >> click here <<
Cape Liptrap – “Coastal Opulence & Your Own Private Beach” >> click here <<
Although the majority of Australian property is sold via a public marketing campaign, many are sold by word of mouth, often facilitated by a diligent real estate agent. We call this method of selling an ‘Off Market’ property transaction. In recent weeks’ we’ve sold several off market properties please >> click here to view our remaining selection <<
You’re invited to join ‘The Ploughman’s Lunch’ initiative. >> click here to learn more <<