Drysdale Real Estate on the increase

Geelong Advertiser property put the spotlight on Drysdale this week

Capital growth in houses has increased 29.4% over the past 5 years.  Capital growth in units has increased 13.2%.

Median prices for houses to May 2012 were $365,000 and Units $265,000.

The population in 2010 was 4,323.

Drysdale house prices rise nearly 21%

The Geelong Advertiser yesterday (Saturday 7 Jan 2012 - page 5) published information from RPData on the median prices of housing on the Bellarine Peninsula.

"In Drysdale, the median price growth was a 20.9 per cent, while 68 houses were sold with a median sales price of $433,750..."

Houses in Portarlington also rose 12.2% with a median price of $415,000, and units rose 26.9% with a median price of $368,000.

These figures are for the 12 months to September 2011.

Drysdale Real Estate Prices on the rise

Two recent news publications list Drysdale as a real estate growth area to watch:

The Domain Property Review on September 11, 2011 (page 18) listed Drysdale in its Suburbs to Watch and quoted :

"The historic commercial town on the Bellarine retains some charming heritage buildings and is only 15 minutes from Geelong and 10 minutes from much pricier sea-change beach villages such as Port Arlington, Point Lonsdale and Ocean Grove. In Drysdale, says Ray White Drysdale agent Robert Dario, retiring Western District farmers and downsizing boomers who can't afford the coast can buy a good, north-facing family house on a double block with views for $600,000. "Similar waterfront lifestyle property on the Bellarine - which is south-facing", he emphasises, "can be up to $1.2 million." Two-to-three bedroom family houses ranging from four to 10 years old can be found for around the mid-$400,000 mark, making Drysdale welcoming for first-home buyers. An old unit in town would start in the mid-$200,000s.

Also quoted was:

"Drysdale, with a median of $450,000, has registered as the top-performing outer suburb, nearly double (28.6 percent) the gain of every-green, upmarket Sorrento (14.8 percent)."

Then in the Geelong Advertiser on Saturday 24 September 2011 on page 19, Drysdale was listed as one of Geelong's top-10 fastest growing suburbs with an annual growth rate of 21.2% and a five year growth rate of 66.1%, the median price listed as $423,500.

Curlewis Parks Estate Starts Site Construction

The Echo Property section (Thursday April 14, 2011) reports that site construction has started at Curlewis Parks estate off Jetty Road in Drysdale.

Curlewis Parks sales manager Brett Thompson says in the article that they have reached 100 sales and the fourth land release in the 550 block development, known as the Domain Precinct, is now selling and includes 21 home sites centred around Hermsley Park.

Stage four land is on Shakespeare Ave , Carlotta Plance and Amber Avenue all looking out or close to Hermsley Park and also close to a proposed new shopping centre.

Land size ranges from 400 sqm to 576sqm, priced from $149k to $175k and House and Land Packages are available.

A major display village consisting of 21 houses will be buit at Curlewis Parks later this year.

More information is available from Curlewis Parks.

Real Estate Prices Rise in Drysdale and Clifton Springs

The Herald Sun on Saturdaly April 16, 2011 (page 21) published figures from the Real Esate Insittute of Victoria showing median price rises and falls in real estate across the various suburbs of Melbourne and regional areas. Below are the figures for our local area:

Town	March Q 2010	March Q 2011	% Change
Drysdale*	$329,000	$462,500	40.6%
Clifton Springs	$319,000	$352,000	10.3%
Portarlington	$377,500	$455,000	20.5%
St Leonards	$358,000	$445,000	24.3%
Indented Head*	$325,000	$415,000	27.7%
Ocean Grove	$473,250	$470,000	-0.7%
Leopold	$334,600	$337,000	0.7%

* Indicates fewer than 30 sales were recored in the quarter.

CSIRO surveying home buyers on sea level rises

CSIRO is conducting a national online survey to determine would-be house-buyers’ attitudes to the effects rising sea levels could have on their investment decisions.

According to CSIRO researcher Dr Nick Abel, the survey will help local and state governments make policy decisions on future coastal property and infrastructure developments.
"We are asking people about what they think about purchasing properties in coastal areas," Dr Abel said.
"We are also interested in their perspectives on sea level rise and how this influences their choices in purchasing properties coastal areas.

The survey on Housing and Sea Level Rise should take you about 10-15 minutes to complete.