One of the last releases (Stage 22) of residential allotments at Oakdene Estate in Ocean Grove will take place on Sunday November 21.
Stage 21 was released in April and resulted in buyers camping outside the sales office for days prior to the sale.
Kerleys Coastal Real Estate general manager Damian Cayzer said demand for the allotments had been very strong with more than 300 expressions of interest already received.
“The latest release at Oakdene Estate demonstrates the intense demand we’re seeing across the Bellarine Peninsula, particularly for land,” Mr Cayzer said.
“We have received over 300 expressions of interest for the 41-lot sale, which is coming from second generation Bellarine Peninsula residents, first home buyers, families looking to downsize or upgrade as well as seachangers from Melbourne.
A marquee is being erected at Ontario Street, Ocean Grove, from today (Friday November 19) to provide shelter and refreshments to interested buyers and ensure queues do not obstruct traffic or pedestrians.
Mr Cayzer said the sale will be a “first in, best dressed approach, with lot prices established ahead of time and based on true market value to prevent intense bidding competitions that often occur in high-demand situations”.
“In the most recent lot sale in April, we had extraordinary circumstances where buyers were camping at the site for days leading up to the sale,” he said.
“For this release, we’re taking measures to manage the even higher volume of buyers we’re expecting, providing shelter, refreshments and on-site security to make sure the process is smooth and safe for everyone.”
