Home' South Gippsland Sentinel-Times : February 7, 2017 Edition Contents THE SOUTH GIPPSLAND SENTINEL-TIMES, TUESDAY, FEBRUARY 7, 2017 - PAGE 43
THE LAND YOU’VE
BEEN WAITING FOR
PBE REAL ESTATE
38-40 McBride Ave, WONTHAGGI
PBE Real Estate is proud to offer for sale
by tender this captivating coastal parcel of
Consisting of two allotments, each
measuring 1000m2 approx. (1/4 acre)
90 minutes from Melbourne and 15
minutes from Phillip Island, Kilcunda is
the gateway to the Bass Coast’s finest
Here is a rare opportunity to purchase
either one or both of these never before
Build your dream home with
uninterrupted coastal views from Cape
Paterson to Cape Woolamai.
For more information please contact PBE
Tenders close Tuesday, February 14,
2017 at 5pm.
FOR SALE BY EXPRESSION OF INTEREST
81 & 82 Wembridges Road, Mirboo North
CLOSING MARCH 3, 2017 PRIOR OFFERS CONSIDERED
Two TiTles – 107 acRes + 100 acRes
21 meg water licence on one & 25 meg on the second. Set close to the town boundary of Mirboo Nor th,
these two prime cropping/grazing proper ties offer an outstanding oppor tunity to secure land in the hear t
of South Gippsland. Red soil, new fencing, yards, various shedding, large water storage. Titles can be
purchased as a whole or separately.
Andrew Newton 0402 940 320 | Peter Dwyer 0428 855 244 | Alan Steenholdt 0409 423 822
LEONGATHA OFFICE 45 Bair Street 5662 0922 JA14906
HOUSE prices along the Bass Coast were
among the big improvers across the state in
the December quarter according to Real Es-
tate Institute of Victoria stats.
In good signs for regional Victoria, house
prices in the quarter rose to median of
$358,000 , a $7000 statewide increase from
the previous quarter.
This included increases in 22 local gov-
ernment areas across the state, the highest
recorded in the Southern Grampians where
house prices increased 19.6 per cent.
Hepburn, the Macedon Ranges, Baw Baw
and the Colac-Otway shires all recorded
strong growth along with popular coastal
shires of Bass Coast, City of Greater Geelong
and the Surf Coast.
Geelong suburbs that performed well
over the last three months of 2016 includ-
ed East Geelong where the median price is
now $530,000 , up 10.3 per cent; Hamlyn
Heights, up 8.2 per cent to $427,250; North
Geelong, up 7.4 per cent to $350,000; and
Belmont, up 6.2 per cent to $430,000.
Along the popular Bass Coast, Kilcunda
experienced double-digit price growth to a
median of $490,250, while Cape Woolamai
increased 5.9 per cent to $419,000 and In-
verloch rose 5.8 per cent to $481,250.
And in the west, the Surf Coast Shire me-
dian house price increased 6.7 per cent to
$688,000 , with the town of Jan Juc experi-
encing price growth of almost 11 per cent to
a median of $710,000.
The Macedon Ranges remains a popular
location, especially for commuters to Mel-
The shire median increased 7.1 per cent
to $590,000 with New Gisborne up 10.3 per
cent ($590,000) and Riddells Creek 9.2 per
Homes in Gisborne South now attract a
median price of $1 million, after rising 7.4
per cent in the last quarter.
Along the Murray River, median prices in
the Moira Shire were up 13 per cent overall,
with the median house price in Swan Hill up
3.8 per cent and Mildura increasing 2.4 per
While the median house price in the City
of Ballarat remained static, the picture was
different in individual suburbs with Ballarat
North up 4.3 per cent, Alfredton 3.4 per
cent, Invermay Park 2.8 per cent and Cardi-
gan Village two per cent.
Maiden Gully (12.3 per cent), Bendigo (8.2
per cent) and Heathcote (7.1 per cent) all
had increases in the Greater City of Bendigo,
while house prices in Wangaratta rose nine
per cent to a median of $327,000.
The proximity of Baw Baw Shire to Mel-
bourne saw it continue to attract buyer inter-
est with an overall median price increase of
8.3 per cent.
The main growth areas were Trafalgar,
Warragul and Longwarry.
At the eastern end of the state, median
prices in Stratford in the Wellington Shire
increased 12.8 per cent and Glengarry 7.5
per cent. Golden Plains Shire had an over-
all increase of 6.8 per cent while Horsham
Shire in western Victoria experienced a rise
of four per cent.
For more information on local median
house prices, visit www.reiv.com.au.
Joseph Walton is the president of the
Bass Coast prices among big movers
By Joseph Walton
SET on 82 acres with views over the Tarwin
River flats to Venus Bay and Anderson Inlet,
this property offers a large country style four-
It features a huge open plan living area, pol-
ished hardwood floors, three-metre veranda to
three sides of the home, a storeroom or fifth
bedroom, solid fuel heating and split system air
There is a second dwelling consisting of two
bedrooms, open plan living, and great views.
It’s an ideal set up for B&B or guest house for
family and friends.
There are two large machinery sheds, three
dams, stockyards and it’s well fenced.
This is an opportunity for an ideal sea change.
The price for all this is $675,000.
For more details, contact Alex Scott & Staff
Real Estate agents Phil Hanley on 0417 140
508 or Alan Bolding on 0419 723 255.
The property is at 1672 Inverloch-Venus Bay
Road, Tarwin Lower.
RIGHT: The huge open plan living area fea-
tures polished hardwood floors.
The 82 acre property looks over the Tarwin River.
The four bedroom country-style home is surrounded by a broad veranda.
Great coastal farm
Home loan demand remains strong nation-
ally, with new data showing the total number
of dwelling commitments approved surged
0.9% throughout the month of November.
According to the latest housing finance data
from the Australian Bureau of Statistics,
54,603 home loans were written throughout
the month of November – up from 54,096
loans written the month prior.
It’s a scenario that rings true in Bass Coast
and South Gippsland.
“The last time we saw more than 54,500
home loans approved in one month was back
in July 2016,” Mortgage Choice chief execu-
tive officer John Flavell said.
“This data would suggest that talk of high-
er interest rates is doing little to stifle home
Throughout the course of November, the
number of loans approved for the construc-
tion of dwellings, as well as the purchase of
new and established dwellings, all increased.
“As per the data, there was a 2.3% jump in
the number of loans approved for the con-
struction of dwellings. Meanwhile the num-
ber of loans approved for the purchase of
new and established dwellings increased by
3.3% and 0.6% respectively, ” Mr Flavell said.
Strong call for home loans
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