Msw 20170404

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APRIL 4, 2017 \ STARWEEKLY.COM.AU

NEWS + SPORT + PROPERTY GUIDE

Search for new pasture

(Dennis Manktelow)

An open day is being held in Gordon next weekend for people wanting to adopt, foster or sponsor horses without homes. Horse Shepherd Equine Sanctuary founder Anne Young (pictured) said many horses need permanent or part-time homes, and she’s hoping to help them on their way this weekend. Otherwise they will need sponsors, she said. “We don’t expect people to take the horses on the day,” Ms Young said. “It’s more about coming and meeting the horses. Our horse trainers will work really hard to make sure the horse is suitable for that particular person … if it turns out the horse isn’t what you want, you can bring it back.” Ms Young urged people to go online at horseshepherd.org.au to find out more. The Adoption, Sponsor, Foster Day will run from noon until 2pm on April 8, at 160 Gascards Lane, Gordon. Details: 0400 743 188. Sumeyya Ilanbey

Diggers Rest on the rise ‘‘

Diggers Rest is likely to experience solid price - Joseph Walton growth

’’

Joseph Walton said median house prices in Diggers Rest increased by 24 per cent (to $345,000) in the 12 months to December, 2016. Mr Walton said the city’s outer suburbs experienced “strong price growth” last year,

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with buyers forced out suburbs closer to the city. The median house price in Melbourne in the December quarter was $770,000. “Diggers Rest offers buyers the ideal combination of space and affordability, while also being less than 35 kilometres from the city,” Mr Walton said. “With a median house price below $350,000 and greater infrastructure commitments in the city’s outer suburbs, Diggers Rest is likely to experience solid price growth throughout 2017.”

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The price of a block of land in Diggers Rest that could one day accommodate up to 25 townhouses has increased by more than $700,000 in less than 18 months. A 5795-square-metre site, at 32 Old Calder Highway, fetched $1.5 million at a private sale last month after a week on the market. It was last sold in November, 2015, for $800,000. Nest Real Estate director Ren Roberts said a Hillside developer bought the land, which is in

a mixed-use zone and close to a train station, with plans to build up to 25 townhouses. Mr Roberts said Diggers Rest had experienced a house price boom in recent years, but it was still a relatively affordable area for first-home buyers and families. “This was one of the last major in-fill sites left in Diggers Rest,” he said. “The market’s really good and Diggers Rest has good rental yields.” Up to 30 developers inquired about the site before it was sold on March 9, Mr Roberts said. Real Estate Institute of Victoria president

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