The surroundings of the Tanghe Valley (Don Valley) are picturesque. (photo of property website Realestate)
A small town in (Yarra Valley), Victoria, has become the hardest place to buy properties, according to real estate website Realestate.
It is reported, located 70 kilometers east of Melbourne, the Tang Valley (Don Valley) has become a difficult market for buyers. Only a small number of properties are sold each year, providing a way of life that residents do not want to leave.
Just three homes changed hands in the year ending Sept. 30, according to the latest figures from Victorian Valuer-General, the state`s chief valuer. This makes the town the lowest-traded area in Victoria.
The Wye River (Wye River), in (Great Ocean Rd), Oceania Road, is followed by an average of just eight homes a year.
The house in the (Wye River) area of the Wye River, last changed hands in 1994. (photo of property website Realestate)
In addition, only nine properties were traded in Gombor (Gunbower), on the new state border of the (Cann River), River in (East Gippsland), East Gypsland. Nouji (Noojee), Lismore (Lismore), and Jollimont (Jolimont), near Melbourne cricket stadium (MCG), have changed hands on 10 properties.
Hall (Ashleigh Hall), a property professional, said Don Valley (Don Valley) was clearly not an area where real estate often changed hands. Once people live here, there is no reason to leave. This is a beautiful place at the foot of the Dantonne range (Dandenong Ranges), at the intersection of Dantonne range and the Yala River (Yarra River). The affordability of house prices in the Don Valley and the larger plots have attracted buyers from outside Melbourne in the eastern part of the country.
The property of (Don Valley) in the Tang River Valley. (photo of property website Realestate)
According to the latest census, the town had a population of 576 in 2016, with 224 private homes, most of which cover at least 0.2 hectares. In addition, there are 2 to 4 hectares of small farms and large farms.
Precise median house prices are not available because of the low volume of transactions, but recent deals in the region range from A $ four hundred and forty one thousand to A $ eight hundred and thirty five thousand, according to research firm CoreLogic.
In addition, data from the agency show that owners of Clarinda (Clarinda) have held homes longer than those in other parts of the state, averaging 23.6 years. Owners of (Balnarring Beach), Vermont South (Vermont South), Kohler Park (Keilor Park), Bolt (Boort), Evendale Heights (Avondale Heights) and Nelson (Nelson) also held properties for more than 20 years.
