Suburb Watch - Highton
The 5 year movement in median house prices is of particular interest. Belmont, Grovedale and Hamlyn Heights median house price grew by 40-45%, whilst Corio, the Eastern suburbs of Geelong and Geelong West show staggering increases of between 50-60% over 5 years. Contrast that to Highton which only saw an increase of 32.7% in that same period which is a significant difference to that of its immediate neighbour Belmont (44.6%).
With this outcome in mind, we see Highton as having great potential for capital growth in the future, as other suburbs potentially plateau and Highton catches up.
A recent marketing campaign of ours for 9 Cuthbert Avenue, Corio kicked off with 38 groups attending inspections in the first 2 weeks with a sale following very quickly.We recommend SOLD magazine to anyone who has any ongoing interest in the Geelong real estate market.
Until next week,