Our Backyard – Aireys Inlet

I love a sunburnt country

A land of sweeping plains

Of ragged mountain ranges

Of droughts and flooding rains.

As many of you will know this is an extract from Dorothea Mackellar’s famous poem, My Country. Written in 1908 (long before climate experts were telling us about climate change) it refers to amongst other things, the extremes of Australian weather and although we are 112 years down the track, the poem still rings true today.

On Wednesday we were blanketed in an eerie smoke haze caused from the bushfires around the country. People were seen on the coast walking around with face masks on. By Thursday we had cold onshore winds that felt closer to winter than the middle of January. The winds and rain have cleared away the smoke from the coast but many areas are still struggling with poor air quality and fires still continue to burn in many parts of the country. It is expected that the smoke will complete a circuit of the earth, returning to the country’s skies from the west. How amazing is that?

In real estate news, sales have been a little subdued in the first half of January which is not unusual given the Christmas and New Year celebrations as well as the significant distraction of the bushfires. I expect that the second half of the month will see quite a few sales come together on the back of activity in the first two weeks. One interesting sale relates to a block of land in Aireys Inlet. Sold almost exactly two years ago for $455,000, it was contracted last week at $610,000. That’s a 34% increase in two years. Significant growth and reflective of Aireys Inlet’s ever increasing popularity and the lack of real estate offerings available over the past twelve months.

I know many accountants warn that a holiday house is a lifestyle choice and not always a good investment, but I can’t tell you how many accountants I have sold properties to over the years and how many I have seen this summer enjoying their time along the Great Ocean Road!

James Worssam
0418 585 815

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