What is your regional country lifestyle, farm or agribusiness property worth?
The value of property is largely dictated by the law of ‘supply and demand’. Generally an over supply of competing property on market with an under-supply of qualified active buyers drives prices lower; conversely less properties and more buyers drives prices higher.
What sets Real Estate Agents apart is their skill and ability to drive the best possible price in the shortest possible time regardless of current market conditions.
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OUTER MELBOURNE – Melbourne’s surrounding Council Shire peri-urban real estate report (September 2019).
After a relatively subdued period in the lead up to this years’ election, regional real estate markets within an hour or two from Melbourne are starting to experience a noticeable uplift in both seller and buyer activity.
In the 12 month period to June 30 2019, of the 9 peri-urban Council Shires surrounding metropolitan Melbourne, 17,059* real estate transactions took place totalling $11.9 billion. Of those transactions (responsible for the Bellarine Peninsula) was ranked #1 for most settled transactions amassing 4,518 real estate sales. Geelong’s short distance and public transport links to Melbourne, public amenity and proximity to pristine coastal settings is driving population growth within the region. As a consequence buyer demand for residential, rural lifestyle and farmland real estate is driving sales and has driven ‘days on market’ (to sell) down to 58* days.
To get the full report please >> click here.