Hayden happy with buoyant market

Hayden Real Estate has experienced a year fuelled by low interest rates and increased buyer activity, which has resulted in a buoyant Ocean Grove real estate market.

Hugh McKewan from Hayden Real Estate said the average time on market had significantly dropped, with properties selling before they go live to the market.

“Our twice weekly email alerts and property podcasts have been the key to providing early information to the registered buyers on our database.

“The median house price in Ocean Grove is sitting at $603,000.

“This is a 16 per cent increase within the past 24 months. We have specifically seen growth in the properties priced within the range of $500,000-$700,000.”

The Hayden Real Estate Leopold office has established strong credibility on the back of some great results, with home owners and investor’s both taking advantage of the suburb’s popularity and improved infrastructure.

Leopold has seen a median price increase of 19 per cent in the past 24 months.

“It’s been exciting to watch Leopold go from strength to strength,” Hugh said.

“We’re glad to be a part of the action and help make an impact on the property market in this booming town.”

Hayden Real Estate senior property manager Jade Stewart said 2017 also proved to be a strong year for the rental growth in Ocean Grove.

“A competitive rental market showed a significant increase in the median market rent. With no signs of slowing down, we are expecting the increase to continue into the New Year.”