Latrobe Valley Express Monday 20 September 2021

Page 1

FIRST DOSE VACCINATIONS AGE 16+

LAATR LATROBE ROBE CIT CITY TY

56.1 6.1%

VIICTTORIAA VICTORIA

72.1 72 2.11%

21 GEORGE STREET, MORWELL 3840

TELEPHONE 0351354444

MONDAY, 20 SEPTEMBER, 2021

13

16

SHOWERS

SHOWERS

$1 $1.80 80 iinc. GST

www.latrobevalleyexpress.ccom.au

21

19

MOSTLY SUNNY

SHOWERS

Thumbs up: Tyler Hillier, 23, was one of 27 buyers to snag a block of land at the new Gaskin Rise Estate in Churchill.

home

garden

photograph tom gannon

YOUR HOME SPRIING SPR SPRING G AND 22021 GARDEN 021 View online www lvexpress com au

INSIDE TODAY

CELEBRATING C Comforta Comf forta ortabl ble,, aff ble fforda ordabl d bl spac p ious and sec secure ure

LV VILLAGE TURNS 50

THE PLACE TO BE

SOUVENIR LIFTOUT

Buying bonanza highlights hot demand for Valley land

THE Latrobe Valley’s growing reputation as a property hotspot was reaffirmed last week. In just under eight hours, Rennie Property Sales sold 27 blocks of land at the new Gaskin Rise Estate in Churchill. Rennie Property Sales director Peter Rennie, who has been in the real estate industry for four decades, described the sale as the most “unbelievable thing’’ he’s seen.

“We sold out in seven and a half hours without any advertising, it’s unheard of,” Mr Rennie told The Express. “It’s unbelievable, in 40 years of real estate I’ve never seen anything like that. “Normally something like that would sell two or three blocks a month and it would normally take about six months to get all those sold.” Although the Latrobe Valley’s real estate market has seen a boom over the past 12 months, largely due to a migration of Melburnians to the regions,

Mr Rennie said at least half of the 27 buyers were first homebuyers from the local area. “I know out of the 27 probably a half were first homebuyers who were young kids from the area who want to build their first house,” he said. “I think finally people are more confident in the real estate market in the Latrobe Valley, the locals have got confidence.” The 27 blocks, at an average size of 700sqm were sold as part of Gaskin Rise

Estate’s sixth stage at an average sale price of $160,000. Mr Rennie said similar blocks in the area were selling for around $110,000 only six to nine months ago. “We sold those reasonably well but nothing like we saw here,” he said. One of these lucky first homebuyers was Churchill local Tyler Hillier, 23, who said he wasn’t expecting to be a property owner a week ago. Continued on page 2

IT IS ALL IN THE STARS: OUR NEW HOROSCOPES SECTION - PAGE 18

Darren Chester Member for Gippsland

IIF FY YOU OU NEED NEED A SHED, YOU NEED

EUREKA!

Shopping Locally Creates Local Jobs www.darrenchester.com.au

PAGE 8

SHEDS!

!

!

! ! !

COVID POSITIVE IN TRARALGON

Best price, Best Advice!

Deal with the locals with over 25 years’ experience.

188 Argyle Street Traralgon

GP1631984

Garages & Sheds PHONE: 5174 5311

G P1631985

By TOM GANNON


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.