Gippsland Times Tuesday 9 November 2021

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Times

www w.gippslandtimes.com.au

TUESDAY, NOVEMBER 9, 2021

GIPPSLAND

$1.70 Inc. GST Tel: 5143 9333

& MAFFRA SPECTATOR

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REMEMBRANCE DAY

PAG GE 7

SERVICE DETAILS

INTRODUCING OUR

NEW MAYOR WEATHER

TuesdayPartly Mostly sunny- Min: - Min: 4 Max: Tuesday cloudy 8 Max: 1914

Wednesday Showers - Min: 10 Max: 17

Thursday Shower or two - Min: 6 Max:1418

INSIDE

PropertyGuide GippslandTimes

Toy run is on again

This year will be the 24th Keith Hamilton Toy Run, where the Red Knights chapter will raise money and collect gifts and food for disadvantaged children. The club is looking for donations of children’s toys, non-perishable food, children’s clothes, gift cards and even cash donations. Pictured (from left) are Robert Kincald, Shane Parker, Neville McKenzie and Andy Young, preparing for the toy run which will take place in December. Full story, page 9.

Photo: Josh Farrell

Local real estate is booming

Julianne Langshaw THE local real estate market continues to perform strongly, with Melbourne buyers still seeking out local properties and local residents also active in the market. Tony Kiss from Wellington Real Estate said inquiries for properties remained high. “There’s a wide spread of people including locals, as well as people from throughout Victoria and Melbourne,” he said. “A lot of investors are looking for investment properties, especially residential properties. “There’s a shortage of listings in the rentals and sales areas.” Mr Kiss said he was still seeing buyers snap up properties sight unseen, despite lockdowns being over. “Even the higher end stuff -— we get people making decent offers and they haven’t even been to the property,” he said. “Video walk-throughs have become commonplace.” Mr Kiss expects the market to stay buoyant while interest rates remain low. “It’s cheap money for people to borrow,” he said.

“It will continue for some time until we get movement on those interest rates. “The area is still strong for employment, and I think that helps too.” Mr Kiss said there was a lack of residential land available locally for people to build on, but there was more in the pipeline. He said the Cobains Estate was moving ahead, and there was land earmarked in Wurruk for residential development. Sale-based real estate agent Chris Morrison, from Graham Chalmer Pty Ltd, said he was still “extremely busy”, adding he had seven groups of Melbourne buyers inspecting during the Melbourne Cup long weekend. “There’s a decent array of people searching for property from inside and outside the area,” he said. Mr Morrison said as well as housing, buyers were looking for residential and commercial properties to develop. He has recently had two developer client inquiries from New South Wales. “Their areas are too expensive to be affordable, and they Continued page 6

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