Ky real estate shines in regional markets
Locals getting in the swim at the nationals
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.