REIV predicts next hot spots

Lorne and four other Melbourne suburbs will be the hottest places to own real estate in Victoria by 2015.

The five locations are expected to see the biggest rises in home values, according to forecasts released exclusively to the Sunday Herald Sun by the Real Estate Institute of Victoria this week.

Lorne, Toorak, Carlton, Spotswood and Skye, where would you rather live? Or at least holiday?

All are forecast to post strong property price growth in the next three to five years, REIV chief executive Enzo Raimondo said.
Aside from the economy, population change and housing supply will have the most influence on house prices in the next decade, he said.

Last Saturday the auction at 4 Doble Street was contested by three bidders and sold “under the hammer” for $880,000. A strong result and well over the Vendors reserve prince.

29 Gibson Avenue, Kennett River sold within 1.5% of its asking price after a 3 week stint on the market. Onward and upward!
We would love to see you in town this weekend to enjoy the spectacle of “The Great Victorian Bike Ride” and famous Anaconda Adventure Race.

Please be aware of certain road closures at times to facilitate these events. For details got to

Open House this weekend, we'd love to see you there.

Saturday 5th December
12:00pm – 12:30pm 73 Grant Street, Forrest
1:00pm – 1:30pm 181 Great Ocean Road
2:00pm – 2:45pm 2/21 Smith Street
3:00pm – 3:30pm 6/3-9 Armytage Street

Sunday 6th December
12:00pm – 12:30pm 72 George Street
12:00pm – 12:30pm 34/2-10 Ocean Road
1:00pm – 1:30pm 14a Charles Street
1:00pm – 1:30pm 3/30 Richardson Boulevard

Kind regards,
Michael Coutts
0438 356 624

Steve Ryan Photography