TRENTHAM has now officially topped Daylesford as having more expensive properties for more than a year.
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Geoff White, Real Estate Institute of Victoria CEO, confirmed that in the 12 months to June 30 last year, Trentham’s median house prices rose significantly – more than 17 per cent to $517,000.
Meanwhile, Daylesford’s prices rose 10 per cent to $412,000.
The latest quarterly figures have just been released and show for the June quarter this year, Trentham has moderated slightly to $490,000.
However – it still remains higher than Daylesford’s median of $483,500.
In recent years, (Trentham and Daylesford) have become increasingly popular with ‘tree-changers’ and those looking for a winter getaway.
- REIV CEO Geoff White
“In recent years, the two locations have become increasingly popular with ‘tree-changers’ and those looking for a winter getaway,” Mr White said.
Coliban ward councillor Sebastian Klein said while it probably wasn’t common knowledge that Trentham real estate was more expensive than Daylesford, it made sense.
“I guess it’s the secret that all of us have known for a while that Trentham is the most desirable place to live in the region,” he said.
“My personal sense is there is a desire from people to live in the country, the simple life. The pressure of the city life is pushing people out to country areas. In Trentham, we’re reasonably close to public transport and Melbourne without being right on the train line. It’s convenient but still a bit out of the way still.”
Cr Klein said he didn’t think the massively-increased property prices were pushing locals out.
“I think by-and-large it’s been a positive thing for the old-school locals, some of them have benefited from the increase in prices,” he said.
“I don’t think that the term locals or non-locals means the same thing it does elsewhere. One of the reasons people like to come here is they’re made to feel like locals.”