September Market Update


 
It is pleasing to see the Geelong real estate market remaining buoyant and defying Melbourne and interstate trends which have seen a downturn in auction clearance rates and median house prices. The 
median house price across the Greater Geelong region has risen 12.2% this year to date compared to Melbourne's more conservative rise of 7.2%. Auction clearance rates in September have been high
also, with a 91% clearance rate across Greater Geelong in the second weekend of September, compared to a corresponding 62.4% for Melbourne. (Statistics - Core Logic).

Buyers are still out in force, driven primarily by Geelong's continued affordability, making it a viable option for buyers priced out of the Melbourne market or looking for a quieter lifestyle, closer to the
wonderful surf beaches only a short drive away.  Our auction calendar is looking very healthy for the remainder of September, October and heading into November. Buyers can secure themselves a home in Belmont, Grovedale, Bell Post Hill, Whittington, character in Geelong, Newtown, Manifold Heights and East Geelong, a development opportunity in Hamlyn Heights or a renovator's delight in Thomson. If you are looking to buy, why not register your interest now to be kept informed of these fantastic homes coming onto the market.

It is really satisfying to assist a buyer adhere the sold sticker to a property's signboard on auction day after a successful purchase.