Market Update – Geelong

We are a month into spring and Daylight Savings has kicked in, giving us all that extra hour of light in the evening. There is a definite buzz around the office with sales reporting rates accelerating significantly throughout September, and more new listings coming in and attendances at opens up.

Some quick stats – figures supplied by Domain indicate that the median house price for Greater Geelong for the September quarter is $690,000 and for units $490,000. Over the last 10 years, the median house price in the City of Greater Geelong has increased by 88.5 percent or 6.5 percent per annum on average (source REIV). There has been some re-adjustment during 2022 and 2023 after the unprecedented increases of the covid years.

If you are thinking of selling, there is plenty of time before Christmas to run an auction campaign. Our team can offer advice on presentation and styling and other general advice to maximise the sale price. In our 31st year of servicing the Geelong region we are more committed than ever to assisting our clients to obtain the best result.
Until next week,
Nick Lord (Director)