The Age from Melbourne, Victoria, Australia • Page 17

u. r. a mm 3 January 1993 1HK.OUMUAX AUE PW.I EAL ESTATE Seaswept grandeur less than an hour from Adelaide pMiasslon. the asking price are island 163 kilometres west of About 200 sheep graze on the Island, which was settled In 1883. Weeds may 20 ROSSFIELD An elusive dcvtloMcnt of 2 3 bfdroam praigr sspHtawli mlait' -J.

-m j.t.i- it. 1 Mr Williamson describes the site is Adelaide. -s During the 1980s boom a local de-J veioper, venture coi orpor the site, had bee ration, bought en undivided a beachfront address, of splendid but AaaastWe Isolation, with soectacu- into 120 freehold lots, according to 1 1 lar coastline, it is HJ-mlnute plane Hooker agent Rob trip from Adelaide, or a boat trip from Only a handful were sold and how the Fort Lincoln. Rock wallabies, rat kan-entlre site about 90 per cent of the garoos, wombats, seals and sea birds Island Is up for sale by tender under live on the island, which features rug-Instructions from the mortgagee In ged cliffs, coves and sandy beaches. SKUIITY tNTSANCC (WITH INTiSCOM SYSTEM) URGtDOUIlE BEDROOMS (BHD 1 fUUV EQUIPPED GOURMET KITCHENS WITH MEALS AEA HST ClASS lATHHOOMS INCIUDINC UUNPIV FACI1ITIB IQCK-UPCARACES PRIVATE COURTYARD GARDENS BALCONIES WITH TREED VISTA INSPECT TODAY 2-4 PM, WEDNESDAY 1-2 PM A THURSDAY 5-6 PM Andrew fiwtW AH 699 SMS MobSt 95 KOOYONG ROAD Mir MARGARErJAKOVAC $199,000 Unit 4, 11 Paym Street, North CwitfKM Land: 120 square metres (Internal).

Agent: Gary Peer and Associates. Ph: 527 3763, ah Mr Harry Lustlg: 523 8995 or 018 320 302 Private sale Caulfleld Racecourse, Tabaret and public transport are three of the local drawcards for Green Gables a newly built block of seven townhouses In North Caulfleld. Only one townhouse unit 4 has yet to find a buyer. The others sold soon after being marketed in early November F3SWjSJTOW9Biisssss OCn THE ONLY I mi SHI 'isfiiiitep $105,000 12 Qaorga Straat, Sunshlna Land: 840 square metres Agant: Beds 31 1 9666, ah Ms Stella Parissls 339 9315 Prtvata saia Heavily laden orange and other fruit trees in the Immaculate back yard are among the attractions of this two-bedroom weatherboard home; There is a Tear garage and shed and two separate self-contained: units which, in the past, helped house the owners' eight children. There Is a spacious living area, separate kitchen with wide windows, and a central toilet and bathroom 130 ALMA ROAD EAST ST KILO A from only SupsrMy ftfuttiintd om btonom tpvlnitirti, vith tptcioui IMflf foomit tH wHh bnteoniM.

Roomy hHchonnioili Offft, Wilh tttftlt Of ttftftsjli tfrtj IWfrl IptTtt QldiUQIIll tftftiHlf PUrtHti ffrtjtt, f)tttW0rl1l fHt WQgsTtlt ihOWOffi AH to wtoiuivtry bwHctpod tnd pwod fftundt wrth iscuftty ontty md uHOOfcow poriitfl joow taftmrtct how toMfiwtl pirtOnf with dprsct scctti to ttat foytf Tht (tcvtoprnsnt is dott to Akmt Pifk, vnd fit MifTtftiRnf pool, and onty I short dtttmct to Adond Strati St AH: Rob Duncan 822 5439 -Brett Duncan 482 1202 Andraw Shins 850 5679 Bill Goudy 592 4985 Mam Hynoman oiu 5aiy 1 1 1 if." 1 1 pi i IvNAiIirklSlnliM kiUi on S21 IMS 417 1222 History and holidays QOUTH Aurtrallrt Wedge Wand kj has retained Us nigged beauty. Charted by Captain Matthew Flinders In tta undulating grassy plains, rocky outcrops and sandy shores were later used to help breed and train horses for the Indian Sheep grazing, crop growing and a radar station were other uses for the 945-hect- (BP 1 $140,000 plug 14 JasaJ Street, Westgarth Land: about .560 square metres Afent: Nelson Alexander: 387 451 1, ah Mr Neville Gamer: pager 625 2300 Auction: 2 pm, Saturday 27 February "Well preserved" Is the best way to describe this double-fronted erboard Victorian property. Even the selling agent says the only con- cession to modern, living is the. stainless-steel sink In the. kitchen.

The gas refrigerator Is still con-nected, so is the copper hot-water unit in the kitchen. The five-room home -was rewired recently and features original high ceilings, The Sunday Aga, 3 January 1493 Down Your Way Location: About 85 km south of the CBD. Median dwelling price: June bouses (25 sales) $133,000 (average no flat sales. Transport: Passenger ferry to Queenscliff via Portsea, car ferry to Queenscliff. Rates: Average residential rate: $500.

Shopping: Ocean Beach Road. Seboels: Sorrento St Joseph's Roman Catholic; nearest secondary college in Rosebud. ment and some say, with Portsea still one of Australia's most exclusive social scenes. Sorrento, about a 90-minute drive from Melbourne, Is the last main i mm $137,000 2A Murray tract, Elatamwtck Land: about 450 square metres i Agent: Talbot Diamond. Ph: 523 91 1 1, ah Mr Peter Fein: 525,8823 or 018 176 854 4 Private sale Dark-stained timber archi- traves and skirting boards complex ment this home's white walls and simple cornices.

The two-bedroom, solid-brick house, built In 1950, Is In original condition and Is one of a pair. The main bedroom overlooks a small palm and fern garden in the rear. There Is also a bungalow a third bedroom, perhaps a lockup garage and a grassy back yard with two mature lemon trees by the sea township before Portsea, on the slim tip of the Mornington Peninsula. There is a passenger ferry to Queenscliff via Portsea, and the Queenscliff -Sorrento car ferry. The town offers a superb coastal walk that (legally) traverses back yards of shoreline homes.

There are about 20 vineyards dotted around the peninsula with more than half offering cellar-door wine sales. Snor-keling, bowling, surfing and swimming are some of the popular pastimes In each of the five years to 1991, the number of permanmitttstdettts in Flinders Shire -r-of which Sorrento is part grew by an average of three per cent. Local post office records show there are 1648 permanent homes, 3933 holiday homes and 185 businesses in Sorrento. In summer, the population swells and traffic snarls along the main road, Point Nepean Road (formerly the Nepean Highway). Sorrento's main shopping strip, along Ocean Beach Road, features renovated historic buildings of local limestone.

There are several eateries, cafes, delicatessens and a cinema that screens only In summer. Sorrento properties range from fibro-cement holiday cottages to his-' toric limestone or Umber homes nearing their first century.The lat- ter retch $200,000 and generally are closer to the beach and ixacuitu. ELWOOD 1 I mn ue imroaucea, unaer a uovern-ment land management agreement Tenders for the property which could become a resort or continue to -x be used for grazing, close at 4 pm on Thursday 11 February. (Agent: Hooker South Australia Ph: 08 212 3300, ah Mr Rob Williamson 08 278 4271.) IS, $500,000 plus 'Oarraboo', 3S31 Point Nepean Road, Sorrento Land: 4500 square metres Agent: Prentice Real Estate (Sorrento) 059 844 177, ah Mr Max Prentice 059 842 780 Private sale "Garraboo" an Aboriginal word for north wind is a spacious 20-year old cedar and brick house set amid tea trees, gums and a lawn. Fromthe first floor, the semi-circular property looks out to Mud Is-' lands in Port Phillip Bay and the cltyscape.

There are four bedrooms, three showers, three toilets and a combined kitchen-dining-lounge area that leads to a north-facing sun-deck. n. TmyDmhrpmnt prime capital growth areas. Fully oearoom strati apartments oner a of $140 per week which will appeal ij ti inr 14,950 Xv BRIEFS HOUSES: Prices to stay stable An increase in Australian house prices was not likely in the next few years, according to the editor of the 'Australian Interest Rate and Currency Review', Mr Nick Ursem. House prices were stable in nominal terms from 1926 to 1949, then housing was increasingly seen as an Investment, he says.

Money supply, large-scale Immigration and booming commodity prices boosted the upward price-trend from factors as well as private sector credit, low unemployment, rising rents and a MiigfttWMtWt rr nad'ffedthe hbusfog boom 1 "Almost everyone'assumes that housing prices will rise Indefinitely, but is there a sound basis for this belief? "The best time to buy investment housing Is when bouses are taking a long time to sell, home lending by banks and building societies Is depressed and estate agents are complaining about a lack of business." ACT: Change for parks, nurseries A recent Supreme Court decision has meant that hundreds of Victorian businesses such as caravan parks, 1 nurseries and used car yards now fall under the Retail Tenancies Act, according to Rlgby Cooke lawyer, Mr Michael Markowltz. The act controls rent reviews; ties rents to sales turnover and makes sure operating costs are shared. it flMMy NNftyw in mm cMp weak SH 506 15S, Patricfc WuwMt AH US 13M ARMADALE 509 1111 $89,950 7344 Slnrlrt Upei 018 377 757. ChtnMorta 5927116 GcorflB KuMf 57S 4043 jjjjjjjsgicjrojejjjt guaranteed: RETURN SOPHISTICATED CITY LIVING AT ITS BEST itntaonc bedroom apart- 3176, Pcul Castran 866 6171 1 By Margaret Jakovac SORRENTO has been etched Into Victorian history as the site of the first recorded European birth, death and marriage, and the first printing press. The town, the first on the Mornington Peninsula, pre-dates In 1803, an English settlement parr ty set up camp at Sullivan Bay, Just north of Sorrento, to head off a feared French settlement, in.

the area. The Sullivan Bay camp was the first white settlement In Victoria, but foundered after less than a year due to a lack of water and poor planning. One of the settlers an 11-year-old John Pascoe Fawkner would, more than a quarter of a century later, become one of Melbourne's founders. A governor was inaugurated for the first time on Victorian soil In Sorrento The former Victorian premier Charles Gaven Duffy was credited with Inspiring fellow lawyers and academics to build holiday homes in the township late last century. He also ensured the main road did not hug the coastline too closely.

From the 1870s, the town's attraction as a holiday spot Steam trams and a horse tram ran from Sorrento Pier to the back beach in the 1890s. Recently, the latter, was re-introduced to continue the town's heritage theme. The town is still a popular water Ing hole for the Melbourne establish- Tli i II 11 i cz3 cn I SOUTH YARRA 47 MARNE STREET 1 'rih S119.950 I II I ll Avll 1 111 I I lA 1 MomrB, mmMmimmmomsimmsm 2 BEDROOM APARTMCfTSi ''Imim -CAPITAL 11 4 RETURN APPRECIATION I wn- i unrlHl UlfnUj IIH innilimillll IT -m --r (fulcy hinuy apartments now available to discerning Bmui, 1 'all nedble seeldiut uniaUt rocition next door to the CBD and the -T mii iHMtliViti v- I im Lovely treed ivenue with great outlook Mctaif entrance beach in one Melbourne's reiuroisnea tnese sparuing i guirinteed immediate return to the) professional investor, a "Inipcction of these brilliant I intmoni Cimeti Snirkhn nrar lritrhnf A Ahunrfanr nf generoui bedroomjwithrobei ipsrkling uuiiui uuiucs a SATURDAY 4 SUNDAY i-4 PM with intercom 4 two new Kiicncn pnvaic INSPECT 't-rmm aining area, Kitchen is a delight with under bench oven, bteakfatt bar and dishwasher, (Bills) and fully tiled bathroom, full security butkung." WAU TO MTANK fiARMNt, TOOMX (ITT I TD(W CSWtt INSPECTION SATURDAY SUNDAY 3-S PM nnn a mr numii ri 1 iY-'Mttv cupboards Plenty of BIRi Sunny north-facing lounge On I title car parking Quiet setting uhktoric neighbourhood. INSPECT SATURDAY A SUNDAY 3 5 PM fmm, dover road 6035 i TtSAR COUTH YARRA AH: AH: Dennis Gilbert 509 0271177.