Surf Coast 2023/24 Financial Year Market Review Impressive

In this comprehensive market review for the 2023/24 financial year, Simon, your local premium property specialist from Oslo Property, dives into key statistics and insights derived from the Domain group. Here are just a few highlights from the video:

Surf Coast Sales Trend 

Torquay and Jan Juc saw 286 home sales this financial year, slightly increasing from the previous year’s 282.

Median Prices

The median house sales price for Torquay is $1,243,000, while Jan Juc is slightly higher at $1,275,000. These figures reflect a 5% and 4% decrease, respectively, from last year.

Days on Market

The average time homes are on the market has increased, with properties in Torquay averaging 96 days (up 45%) and Jan Juc at 75 days (up 35%). This change indicates that vendors may need to be more patient in finding the right buyer.

Throughout the video, Simon emphasises that Torquay and Jan Juc remain consistent and reliable investment options despite some market challenges. He provides a thorough analysis of long-term price growth, revealing that the area has seen an impressive 120% increase in median house prices over the past decade—well above both Melbourne and the national averages.

If you’re considering property opportunities on the Surf Coast, this video will provide the essential information you need to make informed decisions. If you would like further insight into the Surf Coast market feel welcome to reach out to Simon.

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