Echuca’s property market has notched a strong start to the year, with some pricey and long-awaited sales being made in the country town.
Eight properties have already been sold in January, with some of the area’s most impressive homes changing hands.
A sprawling property at 203 Wharparilla Drive sold for $640,000 last week, two weeks before it was scheduled for auction.
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Ray White Echuca’s Stephen Morgan said the 4000sq m address sold ahead of its February 3 auction date after an offer was made at the top end of its price guide.
“A local person bought this one, and its highlights included the land size, the swimming pool and the location,” he said.
“There are quite a few properties around that have this land size, but they very rarely come up for sale.”
A similarly sized block at 41 Pinerate Place also secured a buyer early this year, changing hands for $750,000.
Mr Morgan said the large land size was a rare opportunity for those wanting a sprawling residential home in Echuca.
Both properties sold well above Echuca’s median house price, which is $352,000 according to CoreLogic data.
Across the border in Moama, 12 Pollard Place and 8 Ibis Way also sold for $320,000 each during negotiations with keen buyers last week.
An influx of tourists had boosted the Echuca and Moama markets in January, Mr Morgan said.
“The market is really good here at the moment, with a lot of Melbourne buyers coming up to Echuca and showing interest in the property market,” he said.
“Summer visitors have really pushed sales along.”
Another family home at 15 Lord Court finally secured a sale last week after staying on the market for 476 days.
The three-bedroom house changed hands for $716,000, nearly a year and a half after it was listed.
CoreLogic data shows Echuca’s median house price has steadily increased, going up by 11.7 per cent in the 12 months to October 2018.
SUBURB PROFILE: Echuca
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