The Australian Financial Review has recently reported on buoyant conditions in the Mornginton Peninsula’s luxury property market, a flow on effect from the return of confidence to the Melbourne property market. However, there are also a number of high net worth overseas buyers vying for these properties.
The AFR cited Michael Keating (Michael Keating International) who stated that Vineyards in particular across the Mornington Peninsula were in demand.
“We’re selling these properties as soon as we find them,” he said. “Vineyards seem to be the flavour of 2019. We have many clients looking to buy.”
The property shown is in Dromana with a listing price of close to $3.5m. Other large property transactions in recent times include:
18 Watts Parade, Mount Eliza – $4.3 million
57 Shoreham Road, Red Hill South – $6.5 million
Whilst the luxury end of the market on the Mornington Peninsula is seeing rising activity, the broader market has also attracted 6.7million views from potential buyers in the past six months.
Does knowing that there are nearly 37,000 property views per day occurring on the Mornington Peninsula surprise you? Finding a way to stand out to your buyer segment amongst those daily searches is critical. Have a chat to our Sorrento based staff who are now working with Real Estate Agents, Vendors and Property Developer / Builder clients to capitalise on this interest.