Ky real es­tate shines in re­gional mar­kets

Lo­cals get­ting in the swim at the na­tion­als

Kyabram Free Press - - NEWS - By Gus McCub­bing

THE lat­est data from the Real Es­tate In­sti­tute of Vic­to­ria shows the me­dian house price in Kyabram has risen by more than 15 per cent in 2018.

The spike in me­dian house prices is a long way ahead of that for re­gional Vic­to­ria, which has in­creased by 9.1 per cent in the past year.

Flora Hill, Drouin, Strath­dale, Clifton Springs, Heath­cote and Wodonga were other towns to see their me­dian house price rise by 15 per­cent, while In­ver­loch, Arm­strong Creek and Kil­more all recorded growth in their me­dian house price of more than 20 per cent.

Thir­teen re­gional towns recorded KYABRAM Swim­ming Club’s Peter Tin­dale was re­cently up close and per­sonal with some of the big­gest names in Aus­tralian swim­ming as one of five Goul­burn Val­ley res­i­dents to of­fi­ci­ate the na­tional short course cham­pi­onships.

Held in a 25 m pool at the Mel­bourne Sports and Aquatic Cen­tre from Oc­to­ber 25-27, the event saw the likes of Mack Hor­ton, Mitch Larkin, Emily See­bohm, Cameron McEvoy, Kyle Chalmers and Ari­arne Tit­mus com­pete for a place on the Aus­tralian team head­ing to China for the World Short Course Cham­pi­onships in De­cem­ber.

Mr Tin­dale, along with Echuca Swim­ming Club’s Louise Melling­ton, Shep­par­ton Swim­ming Club’s Hay­ley and Leigh Ho­gan, and Co­bram in­creases of more than 20 per cent in their me­dian house price in the past 12 months.

De­spite rum­blings of a cooler prop­erty mar­ket, re­gional Vic­to­ria’s me­dian house price has in­creased from $387,000 in Septem­ber 2017 to $416,000 in Septem­ber 2018.

Ac­cord­ing to the REIV mar­ket in­sights page, Kyabram is still sit­ting at a $295,000 me­dian sale price.

The me­dian house price for a three bed­room house in Kyabram is cur­rently $264,000, well down on the re­gional av­er­age of $366,000.

For a four bed­room house, Swim­ming Club’s Damian Van Der Berg, took charge of in­spect­ing the turn­ings at each end of the pool, as well as the judg­ing of strokes and check­ing the starters.

Damian was also in­volved with the pool’s high-tech touch­pad cam­era sys­tem, which can dis­tin­guish times up to a one-hun­dredth of a sec­ond – the mar­gin that fa­mously saw the United States’ Nathan Adrian take gold over Aus­tralia’s James Mag­nussen in the 2012 the me­dian price in Kyabram is $415,000, com­pared to $500,000 re­gion­ally.

Hinch­liffe and Greed real es­tate agent An­drea Mor­gan said the lo­cal mar­ket has been get­ting a lot of in­ter­est from peo­ple look­ing to move to Kyabram from out of town.

‘‘When this trend started about 12 months ago we were won­der­ing if it would con­tinue, but it has been con­sis­tent, which is good,’’ she said.

“Kyabram has a lot to of­fer – lots of peo­ple are look­ing to move out of Mel­bourne as it’s got­ten too busy. It’s sit­u­ated halfway in be­tween Shep­par­ton Olympics 100 m freestyle fi­nal.

Mr Tin­dale, who has been a tech­ni­cal of­fi­cial with Swim­ming Vic­to­ria since 2002, said it was fan­tas­tic the re­gion was so well-rep­re­sented at a na­tional event.

‘‘There were prob­a­bly around 50 of­fi­cials all up, which means about 10 per cent came from the Goul­burn Val­ley,’’ he said.

‘‘And I think that’s quite im­pres­sive, given peo­ple were com­ing from QLD, NSW, SA, WA and Tas­ma­nia.’’ and Echuca, so in terms of work you can go ei­ther way.

‘‘And you don’t have to leave the town, as it’s got all the shops you need, a hos­pi­tal, and good schools, so that’s what at­tracts peo­ple.’’

But while Walker Real Es­tate di­rec­tor Justin Bar­nett said the lo­cal mar­ket has been ‘‘quite buoy­ant’’, he warned that the use of the me­dian house price fig­ure could be some­what mis­lead­ing.

‘‘Prices have gone up slightly…but some­times the num­bers can be a lit­tle skewed, be­cause I think there have been quite a few high-end places sold, which can skew that 15 per cent,’’ he said.

ON THE JOB — Kyabram’s Peter Tin­dale (left), Hay­ley and Leigh Ho­gan from Shep­par­ton and Damian Van Der Berg from Co­bram, were vol­un­teer of­fi­cials at the 2018 Aus­tralian Short Course Cham­pi­onships.

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