Picture-perfect holiday spot Port Fairy has been crowned Wotif’s Aussie Town of the Year, and demand for property is booming in the far flung coastal haven.
The historic fishing village is turning heads, praised by the accommodation company for its old-world charm, food scene and year-round calendar of festivals.
And while many families are travelling to the buzzing beachside destination, agents say there has also been a spike in real estate inquires.
RELATED: Tourist towns to kickstart auction action in 2019
Geelong region properties on the market making a splash
Rare Halls Gap auction ends with bargain buy
Ray White Warrnambool agent Fergus Torpy said demand for Port Fairy property was “out of control”.
“There’s been a combination of interest from families and retirees moving from farms in Portland and Hamilton, plus holiday-makers from Ballarat, Geelong and Melbourne,” Mr Torpy said.
“Houses that are close to the Port Fairy town are quite popular, and properties that are low maintenance because people often come and go.”
One of Victoria’s first auctions in 2019 was held on the outskirts of the village last week.
Ray White Warrnambool agent Lachie Kellie said that while 22 Osmonds Lane passed in, the auction had a crowd of nearly 40 people.
“You definitely see a lot of interest in the area,” Mr Kellie said.
“We always gets really good prices on houses over there and the value holds really well too.”
An original Whalers cottage from the 1860s is also on the market, complete with a renovated kitchen and the bathroom.
The two-bedroom property at 150 Princes Highway has a suggested sale price of $579,000.
A dream holiday home on a coastal block is also on Port Fairy’s market for $1.9 million.
The seven-bedroom residence at 1/2575 Princes Highway has uninterrupted views of Lagoons Bay and is labelled a “rare land holding” on its listing.
Another modern property at 18 Anna Catherine Drive is also on the market, with an $895,000 price tag.
Moyne Shire Council mayor Mick Wolfe said the community would be thrilled by the nationwide accolade, but that many already know about the special spot.
“One walk around the town right now and you’ll see that it is a place that is adored by tourists and residents alike,” Mr Wolfe said.
“A trip to Port Fairy offers something for everyone, be it for families, a weekend getaway, a foodie experience, an outdoor adventure, history or shopping experiences.”
CoreLogic data shows the median house price in Port Fairy is $620,000. Only 71 houses were sold in the suburb in the 12 months to October.
The Wotif accolades are based on pricing and demand data and traveller reviews. See the top 10 below.
Wotif 2019 Aussie Town of the Year awards
1. Port Fairy (VIC)
2. Albany (WA)
3. Port Augusta (SA)
4. Bendigo (VIC)
5. Forster (NSW)
6. Cowra (NSW)
7. Palm Cove (QLD)
8. Scamander (TAS)
9. Dubbo (NSW)
10. Warwick (QLD)
SUBURB PROFILE: Port Fairy
READ MORE: Creative couple David and Yuge Bromley sell Hepburn Springs house
Melbourne-based Logie winner selling Tassie beach pad
Six property investor tips for 2019 success