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- The median house price in Geelong currently sits at $731,000 with a projected capital growth of 5% over the next five years according Domain Group data. This makes now a great time to buy into the market as prices are expected to continue rising as demand for housing outstrips supply.
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Jun 17, 2024 · Looking to invest in real estate in Geelong, Torquay or Lorne? While the pandemic “flight from the cities” is over, Geelong remains popular with buyers, with many suburbs seeing good price growth over the past year.
- Corio. One of the more affordable suburbs in Geelong for property buyers, Corio is a residential and industrial area, with great house prices and a rental yield as well.
- Belmont. If you want to strike the perfect balance between Highton and Newtown, (albeit keeping things on the more cost-effective side), Belmont is the suburb to look at.
- St Albans Park. This is a perfect location with close proximity to any of the three main shopping centres, the pool or even the local gym. With great amenities and a friendly neighbourhood, St Albans Park is also one of the safest surroundings, ideal for residential or business purposes.
- Lara. A pretty little town adorned with walkways and lakes, Lara is one of the best growth suburbs in Geelong for families with kids! With a number of great schools and easy access to public transport, this is a good area for investors looking to sink a bit more cash into a family sized home.
- The Geelong Property Market
- The Geelong Rental Market
- Geelong Amenities
- Geelong Liveability
Geelong has a high demand property market, with the median house price sitting at $840,000 and the median rent price at $415 per week. The majority of people living in Geelong are older couples and families, making up 17% of the population, independent youth who make up 16% of the population and finally, established couples and families who make up...
Where the median house price in Geelong is relatively expensive, many who want to live in the area, but cannot afford a home will be looking to rent as an alternative. As mentioned before, the medial rent price is $415 per week, an affordable price, especially when split between a number of people in a share house. As a result of recent changes to ...
As one of the most notable towns in Victoria, Geelong has a range of facilities that mean locals rarely have to leave the area to shop, play sport, receive medical care or dine out. As a waterfront town, Geelong has a range of different swimming pools such as the Bellarine Aquatic Centre, Lara swimming pool, Splashdown and Waterworld, just to name ...
This year, Geelong was ranked among one of the most liveable regional cities in Australia. Many locals love living in Geelong because of its relaxed nature, yet plenty of opportunity for work. In addition, a trip into Melbourne city is only an hour’s drive, so locals have the luxury of being close to the big city while still experiencing a slower p...
Geelong’s northern suburbs have delivered the best returns to homebuyers over the past decade, new research reveals. The exclusive analysis of sales data from PropTrack shows the suburbs sharing the best average annual growth over the past 10 years, the strongest lift in median house price since 2019 and the best rental yields are centred ...
- Peter Farago
6 days ago · If you're thinking about buying an investment property in Geelong, consider that rental yields for houses are currently 3.28% with an average median rent of $530 weekly. Houses have seen -0.51% growth in the past quarter, and -6.70% growth in the past 12 months.
Property prices in Geelong over the last ten years have risen by 88.5%, a great return. The property market is on average, a ten-year cycle so if you are in it for the long haul the outlook is certainly positive.
In this episode, we delve into Geelong's real estate market for property investors: we discussed benefits of investing, current trends, considerations for selling, and tenant rights.
