Erskine Fires Up!

For those that have followed the development of Erskine House “Mantra” over the past 9 years, you may have noticed the volatility of the movements of the apartments. 2001 – 2002 saw an absolute “feeding frenzy” of buyers basically purchasing the entire complex (360 apartments) over the time frame of a year.

Erskine House arial pic

As the market turned by early 2004 and plateaued for the last 6 years, pre-sales have been extremely difficult to negotiate.

The trend has changed! 5 transactions have taken place this month and 11 since December. Simply put there is some unprecedented buying opportunity in this
properties also changed hands in Wye / Kennett this month, 1 in the rural area and 2 in Lorne. The strong market fuelled by positive Melbourne buying enquiry continues to strengthen our coastal market.

Please call or email me for further information.

Open Houses this weekend

Saturday 20th February
12:00pm – 12:45pm 5/3-9 Armytage Street
1:00pm – 1:30pm 14a Charles Street
1:00pm – 1:45pm 181 Great Ocean Road
2:00pm – 2:45pm 1/21 Smith Street

Sunday 21st February
1:00pm – 1:45pm 63 Ocean Road

Michael Coutts
0438 356 624

Torquay Real Estate Moggs Creek
Steve Ryan Photography

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