As Victoria’s largest regional city, Geelong’s thriving property market has shown it is just as desirable as its metropolitan counterparts.
Geelong has a lot of natural inheritance to be proud of. The riverside, parks, gardens, beaches, walking trails, shopping district, and extensive restaurants, cinema, reserves, parks, bars and cafes provides an attractive, cosmopolitan city.
The port city is an hour away from Melbourne CBD, surrounding Corio Bay and Barwon River. The region is well known for its relaxed, bayside culture with a wine region right on its doorstep. Geelong’s picturesque Botanic Gardens, bayside Fairnie Park and the Eastern Beach Swimming Enclosure attract holiday goers and locals alike, keen to stretch their legs and have a weekend immersed in nature.
Geelong’s growth can be attributed to the attention of young couples and families who are seeking the cosmopolitan lifestyle associated with the state’s capital, without the traffic and higher housing costs.
Geelong’s well-serviced infrastructure provides ample public transport options – making even a Melbourne CBD commute, hassle free. The region also attracts developers and potential buyers with the maintenance of its well-serviced infrastructure inclusive of its roads and rail connections.
The array of public and private schools attracts families as well as a vast collection of university campuses means that there remains a good market of affordable student housing in Geelong.
Geelong offers diverse living with ever changing streetscapes catering for both first homebuyers right through to luxurious, up market living. Geelong is a high demand market, with the amount of visits per property outweighing the average in Victoria.
A two bedroom house can expect to sell for $380,000, and three bedroom can fetch around $560,000. Apartments in the growing City can fetch anywhere between $490 – $610,000 depending on how many bedrooms. Renters can expect to pay between $300 – $550 per week for a two to four bedroom property.