Monday, December 22, 2008

Geelong Real Estate - Property and Real Estate for Sale in Geelong Victoria

Geelong Real Estate, businesses and vacant land for development continues to increase in demand as this popular ‘city by the bay’ emerges from its 1930’s industrial cocoon into an affordable and well serviced coastal city with impressive foreshore developments, parklands and as a gateway to the internationally acclaimed Great Ocean Road.

The state capital of Melbourne is an easy commute only an hour away via either the Princes Highway or railway. The recently redeveloped Avalon airport is just fifteen minutes from central Geelong and provides flights to many Australian, and some international destinations. Geelong is the second largest city in Victoria and the 12th biggest city in Australia.

Geelong is a unique place to live with a blend of hilltop mansions, Victorian classics, modern apartments, quiet streets and a stunning foreshore promenade. The city continues to redefine itself as a modern and contemporary alternative to Melbourne with restaurants, bars, cafes and shopping strips as well as its own university and hospital. All whilst enjoying the laid back lifestyle Geelong has to offer.

Geelong has also provided a conveniently located ‘sea change’ destination for many Melbournians who have relocated the short distance to Geelong and some of the arterial towns of Queenscliff, Torquay and Apollo Bay
At the time of writing (February 2008) property prices in Geelong begin around $90,000 - $150,000 for a one and two bedroom unit in areas such as Belmont, Breakwater, Whittington and Grovedale.

Three bedroom ex-housing commission homes on modest allotments of 600 sqm start at about $150,000 in the cheaper Geelong suburbs of Norlane and Corio. New, modern and fully optioned homes in areas such as Clifton Springs and Waurn Ponds and larger older brick homes can be found in bay side towns such as Portarlington, St Leonards and Indented Head at around $450,000 For around $800,000 you can expect a Federation style home overlooking Geelong city and Corio Bay.

In the twelve months to 31st January 2008 median house prices in Geelong increased 11.8% to $348,800 with 47% of those listed for auction sold on the day. Similarly across the Geelong region prices increased 11.1% to $278,250. The exclusive suburb of Newtown saw median prices rise 12.1% to $390,000.

By Jamie Horne

Jamie Horne

If you are looking for an addition to your property portfolio then be sure to consider Geelong. Jamie Horne is also the webmaster for Bendigo Real Estate and Echuca Real Estate

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