Apollo Bay is Victoria's slowest selling property market: Investar

Apollo Bay is Victoria's slowest selling property market: Investar
Apollo Bay is Victoria's slowest selling property market: Investar

Apollo Bay is ranked the location in Victoria where it is the slowest to sell a house, according to Investar’s latest market report.

The property investment firm states that an average house at Apollo Bay can expect to be on the market for 632 days before being sold.

This is followed by Mount Beauty at 507 days and Paynesville at 498 days.

Suburb Postcode Dwelling type Bedrooms Days on market
Apollo Bay 3233 House 3 632
Mount Beauty 3699 House 3 507
Paynesville 3880 House 2 498
Corryong 3707 House 3 498
Ouyen 3490 House 3 496

 

 

 

 

 

This list was produced using live on the market sales listing data.

High average days on market indicates that the market is turning over stock slowly which may indicate that demand is weaker than supply creating a stronger negotiation point for buyers.

Houses for sale at Apollo Bay at the median price of $515,000 include a three bedroom home at 15 Murray Square (above) that is for sale for $515,000. It has been for sale since February 2015 when listed with $598,000 hopes. It recently went under offer.

Similarly a three bedroom home at 12 Outlook Road (below) is for sale for $525,000.

Apollo Bay is Victoria's slowest selling property market: Investar

Tags: 
House Market Investar

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