This Loch-Wonthaggi Road property, just outside Wonthaggi, was sold recently by PBE and more are wanted. M204114
THE dream of owning your own home in the country is still very much within the reach of local wage earners, something that’s becoming less and less the case in the city.
There are literally dozens of affordable options available in the bigger towns around South Gippsland and Bass Coast, and there are some attractive options in the character-filled smaller towns and hamlets too.
But the ultimate country lifestyle property, one that boasts genuine rural living on five or so acres is becoming harder and harder to find.
That’s the view of PBE Real Estate Agent, Adam Mabilia, who references the small selection of rural lifestyle properties he has on his books at the moment as an indication.
“We do get quite a bit of inquiry, especially from people coming to the area from the city, who want the real rural experience, away from the hustle and bustle with some space and countryside around them.
“But there’s always a fairly limited supply.
“Most of these properties have been well-held by their owners over the years and due to planning controls, they’re just not being created anymore.
“We do get some people wanting land for horses but the majority of people just want the space around them, about five acres or so, and often they’ll just lease it back to the adjoining landowner.”
PBE recently sold an ideal lifestyle property, just outside Wonthaggi on Loch-Wonthaggi Road, boasting a nice home and views.
“These properties will vary greatly in value, depending on a whole lot of things including views, proximity to town, ease of access to the highway, style of home, condition of the land and size of the property etc.
“But it is one of the options people coming to the country look at and, generally, there isn’t a lot of choice on the market.”
Have values gone up then?
“There’s been a steady improvement but once again, it all depends on the location and a whole lot of factors.”
Alex Scott and Staff have also just sold a lifestyle property nearby at West Creek, boasting “views forever” and a three bedroom farmhouse with extensions.
But Shaun Silver of the Wonthaggi office of Alex Scott said this week that they have another, located in Wilson Road, just off Cape Paterson Road, on 11 acres near Wonthaggi that would be an option.
“One property we have at the moment is well set up for horses but would lend itself to a lot of uses. It’s nicely situated between Wonthaggi and the beach and has a lot going for it.
“We probably get between 10 and 15 of these properties a year and the good ones generally sell quite well.”
So if it’s genuine rural living you want, you’re going to have to work at it if you want to find one at the right price and in the right location.