New Price Record for Coastal Retreat of Merricks

The estate included a 5-bedroom stone masonry house, mature fruit orchards, fernery, rainforest, three water reservoirs and a massive underground storage tank.

Selling agent Michael Keating of AAB Global Real Estate said the home belonged to the same family since it was built early last century – until recently, when new owners invested “a fortune” restoring it.

Mr Keating said real estate prices in the corridor of Flinders to Somers are increasing more and more each year. He said a strong inquiry continues to come from overseas, in particular from investors in the United Kingdom and Hong Kong.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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