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Cranbourne’s top for ‘location, location’

By Eleanor Hopkins

CRANBOURNE is defying a general slump in house sales to emerge as one of Victoria’s hot spots.

Ray White Cranbourne director Mark Guthrie said the firm had sold more than 60 houses, valued at a total of more than $20 million, in the past two months.

The strong local sales have boosted the firm to top of the 97 offices in the Victorian network of the Ray White group, the largest property group in Australia. Seven years ago, the firm was ranked 95th.

Mr Guthrie said there was a growing interest in Cranbourne from further afield. “Seventy-one per cent of our buyers this year have come from more than 15 kilometres away.

“The area is developing so quickly; it’s a really exciting time to be working here. The quality of the estates is rising, the public transport is improving.

“Cranbourne used to be a town you travelled through on your way to Phillip Island – it’s now becoming a destination in its own right.”

LJ Hooker Cranbourne principal Graeme Dimsey said his firm had very good sales in December and January.

“Property is certainly selling if it’s priced right. There are probably four or five inspections for every home we get. It comes down to stock. We’d love to have twice as many properties as we’ve got.”

Buyers were a little choosier and a little more careful than they were a couple of years ago but were prepared to buy the right property at the right price.

Mr Dimsey said investors were also back in the market, responsible for about 20 per cent of sales.

Source: Casey Weekly – BY CATHERINE WATSON. March 26th 2012

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