Town by Town Snapshot: Aireys Inlet

July 9, 2020 BY

This five-bedroom Aireys Inlet home sold earlier this year for $1,140,000, reflecting the median house price for the area.

The size of Aireys Inlet is about 20.2 square kilometres with the population recorded at 714 in 2011 and by the 2016 Census the population was 808 showing a population growth of 13.2 per cent in the area during that time.

Aireys Inlet is a popular coastal hamlet between Anglesea and Lorne on the iconic Great Ocean Road.
The inlet receives river waters from iron bark forests of the Otway State Forest and from several streams which rise in the Angahook Forest Park.
In 1839, John Airey took up a pastoral run near Point Roadknight, east of the inlet and by 1842 his holding expanded along the coast beyond the inlet and was named the Angahook/Angohawk Run.
It is probable that Aireys Inlet is named after him, although his brother George was a Commissioner for Crown Lands in the Geelong district, 1839-44.
In 1887 the relatively inaccessible inlet area was subdivided and about one hundred blocks were sold.
In 1890 the construction of a lighthouse was begun on the site known as Eagle’s Nest Point (renamed Split Point in 1913).
The heritage listed lighthouse, 100 metres above sea level, is made of cement-rendered concrete.
A post office and the Grand Hotel opened in 1893 and 1894 with agricultural and pastoral activities supported the village.
Access to Aireys Inlet, however, was by travel along the beach from Lorne at low tide or by road over the mountainous Otway Ranges.
In 1905 a survey disclosed that a track along the edge of the coast was possible, and its construction was later taken up as a project to employ returned soldiers.
The Great Ocean Road Trust was formed and the road between Lorne and Anglesea was opened in 1922.
The Angahook Lorne State Park (22,350 ha) contains heath lands rich in orchids and ground plants, several types of eucalypt forest, meluleuca swamp and a fern gully.
During the early 1950s, Australian crime author Arthur Upfield lived at Aireys Inlet and his novel The New Shoe (1951) is based on the township and some of its characters drew on local identities.
The median house price in Aireys Inlet in 1987 was $74,250 and in 1996 it was $140,000. The low figure in 1987 was three years after the Ash Wednesday fires which destroyed 219 houses in Aireys Inlet, 177 in Fairhaven, 87 in Moggs Creek and 32 in Eastern View.
CoreLogic data indicates the predominant age group in Aireys Inlet is 50-59 years with households in Aireys Inlet being primarily childless couples and are likely to be repaying $1,000-$1,399 per month on mortgage repayments, and in general, people in Aireys Inlet work in a professional occupation.
In 2011, 74 per cent of the homes in Aireys Inlet were owner-occupied compared with 73.9 per cent in 2016.

Population: 808

Male: 48.5%

Female: 51.5%

Median age: 52

5 year population change: 13.2%

Median house price: $1,100,000

Change in Median Price: (5yrs) is 60%

Median asking rent per week: $400

Average length of ownership: 15 years

Owner occupiers: 79%

Renters: 21%

 

Historic median house price:

March 2020: $1,100,000

March 2019: $900,000

March 2018: $755,000

March 2017: $710,000

March 2016: $725,000

 

House sales per annum:

Period ending March 2020: 19

Period ending March 2019: 31

 

Land median sale price:

March 2020: N/A

March 2019: N/A

 

Land sales per annum:

Period ending March 2020: 4

Period ending March 2019: 1

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