In some popular holiday markets, sales listings have crept above their five-year averages indicative of a buyer’s market.
A place by the beach, a chalet in the mountains or a cottage in the bush? Whatever your choice of retreat, this may be the best time in years to buy it, with listings up in many second-home destinations.
“Spring will be a particularly good window for buyers because that’s where you’re more likely to see an addition to supply levels.” For those seeking the sound of crashing waves, in the Surf Coast-Bellarine Peninsula region listings are up a more modest 44 per cent.Two hours west of Melbourne and encapsulating seaside towns such as Queenscliff, Torquay and Lorne, median values sit under $1 million and prices have fallen by 3 per cent in the past three months.On the opposite side of Port Phillip Bay the Mornington Peninsula, playground of Melbourne’s most wealthy, has seen a 26 per cent rise in listings.
Across the border in Victoria’s alpine region, which takes in the ski resorts of Mt Hotham and Falls Creek, listings are up 38 per cent.Two NSW coastal locales have also had a surge in listings.
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