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Liam

Liam

Property Enthusiast,

Inverloch-Venus Bay Road, Inverloch

2 Replies 1.1k Views

Hi


How is Inverloch-Venus Bay Road in Inverloch, Victoria to live for a young family? Thanks

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Justprop Editor Justprop Editor

Great peaceful street with large areas to play. I just love it.

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Joshua Joshua

I live at Inverloch-Venus Bay Road. It is a very nice and clean street with broad roads. Neighbors are very friendly and you can always expect people to say hello to you when you are out for a stroll.

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Despite the recent downturn, Melbourne continues to record a high rate of seller satisfaction, beating other major capital city markets across Australia. How will the Victoran capital fare for the rest of the new year? RateMyAgent’s latest Price Expectation Report, which surveyed more than 40,000 Australians, showed a significant increase in overall national satisfaction, led by an explosive recovery in metropolitan Melbourne and Sydney, where satisfaction rates rose five to six times higher in just 12 months. According to RateMyAgent’s CEO Mark Armstrong, the results show just how far the property market has recovered, with happiness doubling in the year nationally, strong gains in metro areas and a surging Victorian market leading the charge. “As we look to the year ahead there are plenty of reasons for optimism,” Mr Armstrong highlighted. 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Supply and demand According to the latest days on market data from the Real Estate Institute of Victoria (REIV), the average Melbourne house takes 34 days to be sold – down from 42 days from the corresponding period in 2019. Outer Melbourne is the fastest selling area in Metro Melbourne, with suburbs in the outer ring taking just 33 days to sell on average, followed by Middle Melbourne with 34 days and Inner Melbourne with 41 days on market. Outside the city, regional Victoria homes are seeing 55 days on average. This is down from the 57 recorded in November 2019. Warranwood and Montrose in Melbourne’s east have the shortest waiting periods across the state, with the average property taking just 15 and 16 days to sell, just over two weeks. Rental market Low vacancy rates continue to put pressure on leaseholders, ultimately affecting renters across Victoria, according to data collated by the Real Estate Institute of Victoria (REIV). 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