Households trying to escape the rat race within the Geelong area are pushing demand for properties within the Surf Coast hinterland and Barrabool Hills.
It’s sparked a flurry of massive gross sales in a hoop of places about 20 minutes from Geelong in current days, together with a 4ha life-style property at Gherang that smashed worth hopes by greater than $300,000.
The acreage property at 400 Thielemanns Rd bought for $1.39 million amid sturdy bidding from 5 events.
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All of the bidders had been Geelong area together with the profitable consumers, who’re planning to maneuver out of city.
The consequence was $300,000 above the seller’s reserve worth.
It represents one other nice consequence for Gherang, which has been within the highlight lately as a lovely rural life-style proposition for Geelong and Melbourne-based consumers.
The property options an industrial fashion shed-house overlooking open paddocks with expansive nation views.
Richardson, Newtown agent Ken McDonald mentioned it was a vigorously contested public sale and a few different potential bidders didn’t get the possibility to get their hand up.
“Gherang has been extremely popular for fairly a very long time,” he mentioned.
“They’re principally round 10 acres and there’s a little bit of bush and it’s fairly near the seaside and/or Geelong, Moriac and Winchelsea for a little bit of short-time buying.
“It’s solely 20 minutes into Geelong and 15 to twenty minutes to the seaside and also you’ve obtained loads of area.”
The Barrabool Hills is proving equally fashionable, with properties at Gnarwarre and Buckley snapped up inside days of one another.
Hodges Geelong West agent Jeff Begg mentioned a household from Manifold Heights had secured a 2.61ha life-style property at Gnarwarre for $2.13 million.
The property at 1787 Barrabool Rd was an ideal pastime farm measurement with a four-bedroom residence, in depth storage and farm shedding and enhancements together with a multi-use sheep/cattle yard with a usable vet crush, a horse area with a grass base, and a chook home with an auto photo voltaic opening door.
And consumers from Melbourne paid $930,000 earlier than public sale to buy a .65ha semi-rural property at Buckley.
Mr Begg mentioned the acquisition was made sight-unseen, although they’ve household in close by Winchelsea.
The renovated three-bedroom home at 7 Lake Dubban Rd had worth hopes round $850,000, Mr Begg mentioned.
The renovated home has a designer kitchen with a collection of Franke home equipment, separate lounge and eating rooms, high quality toilet, rear studio and undercover outside leisure space.
“We bought that earlier than public sale, the Melbourne purchaser put their greatest foot ahead,” he mentioned.
“Whereas all of the Melbourne consumers are getting out of Melbourne, Geelong households are getting out of Geelong and going semi-rural,” he mentioned.
The three localities be part of Modewarre, Moriac, Paraparap in a hoop round Geelong’s south-west the place consumers are focusing on smaller life-style properties near town and the Surf Coast.
Consumers are from Geelong, Torquay, Jan Juc and Ocean Grove.