Bellarine Peninsula’s 10 million dollar man

Records are tumbling on the Bellarine as experienced rural and lifestyle agent Peter Lindeman from Elders Geelong closes a $10 million deal on a rural holding with bay frontage near Portarlington.

The property at 31-99 Spray Farm Lane is one of Victoria’s most beautiful and rare pieces of farmland, unlike any other in the state with unbroken bay views, north-facing aspect and truffle orchard on the 120-acre holding.

Elders Rural & Lifestyle manager Peter Lindeman said that after more than six years on the market and over 2,000 enquiries, the vendor’s patience has finally been rewarded.

“With properties of this calibre being so tightly held and seldom coming onto the market, I was always confident that someone would eventually recognise the value of the property,” Mr Lindeman said.

“The sale of this property will definitely underpin values for rural and lifestyle properties on the Bellarine Peninsula which is now being seen as a viable alternative for rural and lifestyle living compared to the Mornington Peninsula, and it’s only just over an hour to commute to Melbourne either by car or the Portarlington and Geelong Ferry Services.

“We have seen a continued trend of buyers wanting to leave Melbourne with the normalisation of working remotely and the want for space which has lured many to regional markets here and across the country.

“The supply of properties for sale just can’t keep up with demand due to the strong buyer base out there looking for lifestyle properties close to Geelong, the Surf Coast and Bellarine Peninsula.”