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It is becoming more and more apparent that we are experiencing a two pace market. There is the market for homes that have been renovated recently or they don’t need any maintenance and these homes are in high demand and there is the market for homes that need renovating/maintenance or development sites and these types of properties are far more difficult to sell.
The inflated costs of building and renovating and the banks tightening up their lending for development are the key contributors that are making these properties difficult to sell. If you are selling a property like this you need to understand that it is taking time to get the sales over the line.
The team and I look forward to seeing you this weekend.
John Moran
Director
13 Mernda Parade, Belmont - Positioned in a convenient and quiet pocket, this charming clinker brick home has been fastidiously renovated, presenting three spacious bedrooms, master with ensuite, two living zones, additional study and a generous allotment of 594m² (approx.)
2/17 Clonard Avenue, Geelong West - Two bedroom, two bathroom townhouse designed by award winning architects Shane Murray and Diego Ramirez-Lovering of Monash University.
5/91 Shell Road, Ocean Grove - Superb location, near new condition, on trend design, featuring three bedrooms, two bathrooms and parking for two cars.
2202/ 2-4 Yarra Street, Geelong - Two bedroom apartment both with ensuites, open plan living and balcony.
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