An unprecedented level of demand for any type of property in Ocean Grove is pushing up prices.
The high demand is also resulting in low stock numbers with a number of buyers waiting for new properties to be listed. Ocean Grove Real Estate principal said normally there was demand for a particular type of property but at the moment anything and everything was in demand. “At the moment for our agency, the average on-market time is five days for existing properties within Ocean Grove,” Ms Lynch said. According to CoreLogic data, the average days on market in Ocean Grove is 53 days. Last week the agency sold 12 blocks in the Kingston estate and one existing house in the estate. Click here to read further