Winter Market Update

As Victoria heads into its 5th lockdown, the Geelong real estate market continues to grow, defying all predictions. Statistics from Corelogic indicate that Geelong median house prices soared by 11% in the last 12 months, and for the more affordable unit alternative, a startling 15%.

18 months ago we were gripped by uncertainty as to how the pandemic would play out. But as working from home becomes a reality for so many and more city dwellers make the move to regional Victoria, the demand for housing in the region continues to grow.

Recent media reports cite Newtown as hitting a million dollar median price for the first time, joining our neighbouring coastal towns (Barwon Heads, Connewarre, Lorne, Ocean Grove, Anglesea, Queenscliff) in hitting this milestone.

Highton is a suburb to watch, with all land estates selling out in the past few months and no more land on offer there.

Our thoughts to all impacted by this latest round of lockdowns. We hope to see everyone out and about sooner rather than later.

Until next week,
Nick Lord (Director)