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![\"\"](\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/wp-content\/uploads\/sites\/3\/2017\/11\/Incredible-Aireys-Inlet-auction-result.jpg\")
<\/p>\n","protected":false},"excerpt":{"rendered":"THE spring coastal property market showed its strength at an auction on Saturday, with 10 Philip Street Aireys Inlet selling for more than $250,000 above the reserve.<\/p>\n
With a large crowd in attendance, five bidders saw the property sell under the hammer at $840,000, an incredible $265,000 above the $575,000 reserve.<\/p>\n
Great Ocean Properties auctioneer and director Marty Maher said that the demand for coastal properties is at an all-time high, with some remarkable results being achieved for their vendors.<\/p>\n
\u201cWe know that the market is very buoyant at present, but we certainly were not expecting such a terrific result,\u201d Mr Maher said.<\/p>\n
\u201cWe had what we thought would be a knock-out $50,000 bid mid auction, taking it to $700,000 but it just kept going.<\/p>\n
\u201cWe could never have foreseen that outcome. Clearly our vendors are delighted.\u201d<\/p>\n
Low levels of available properties for sale are driving increased competition for properties, particularly in the highly sought-after areas along the coast.<\/p>\n
The strong winter performance of the Melbourne market looks set to flow onto the coast over the upcoming warmer months.<\/p>\n
\u201cIt\u2019s a great time to be a vendor,\u201d Mr Maher said.
\n<\/p>\n","protected":false},"excerpt":{"rendered":"
THE spring coastal property market showed its strength at an auction on Saturday, with 10 Philip Street Aireys Inlet selling for more than $250,000 above the reserve. With a large crowd in attendance, five bidders saw the property sell under the hammer at $840,000, an incredible $265,000 above the $575,000 reserve. Great Ocean Properties auctioneer […]<\/p>\n