Suburb Watch - Highton

This week the Geelong Advertiser published their annual SOLD magazine which compiles sales data on a suburb by suburb basis and includes indepth analysis of market trends across the Geelong region. It is an invaluable resource for anyone looking to buy or sell in the medium to short term - a one stop shop which can potentially save hours of research on the internet.

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,

Nick