Regional Vic saw ‘exceptional’ 2017 with three sales over $4 million

He said the top regional sale of 2017 was recorded in February in Queenscliff, where a heritage listed mansion sold for $5.3 million.

“The palatial 10-bedroom, six-bathroom home was sold with approved restoration plans,” said Mr King.

“This was closely followed by a 21-acre country estate in Mount Macedon, which sold for $5.25 million in May. The property includes a main residence, lodge, manager’s residence, pool and tennis court.

“Another Mount Macedon property on 14 acres sold for $4 million in February. Featuring five-bedrooms and seven bathrooms, the home also offers a self-contained guest house, pool and helipad.” 

Mr King said Mount Macedon was also home to two other top residential sales in 2017, with a semi-rural property selling for $2.64 million in May while a newly renovated homestead sold for $2.1 million in March.

“The Geelong suburb of Newtown was another top performer last year with a five-bedroom family home in Newtown fetching $2.85 million in May. Located near Geelong’s leading private schools, the home features views of Corio Bay, a spacious backyard, in-ground pool and pool house,” he said.

“A four-bedroom house in the suburb complete with pool and pool house also surpassed the $2 million price point in 2017, selling for $2,080,000 in January.

“Meanwhile, a waterfront three-bedroom home with private jetty in Metung sold under the hammer for $2.8 million in April, while a cliff top home in Marengo sold for $2.5 million in November.”

Mr King said there were a raft of other areas recording sales above $2 million, including Lancefield, Daylesford, Porcupine Ridge, Lorne, and Point Lonsdale.