Established Geelong suburbs will have to do the heavy lifting for new homes under ambitious revised targets to double the city’s housing stock by 2051
Highton Village and Bell Park have been singled out as potential hubs for infill development as low to medium building is scaled up
The Victorian Government’s revised targets aim to have 77,500
of Geelong’s new homes built in established areas
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Uninhabitable Geelong West unit sells $55K above reserve
UDIA Victoria Geelong committee chair Nick Clements cautiously welcomed the ambitious target but changes big changes are needed to achieve it
Another 51,100 dwelling are earmarked for greenfield sites
the number of new homes Greater Geelong needs to build has been cut from 139,800 to 128,600
but the municipality still shoulders the highest target in Victoria
UDIA Victoria Geelong committee chair Nick Clements said the development industry welcomed the ambitious target but was concerned there was a lack of detail about how to deliver the “whopping” number
He said the plan was inconsistent with the City’s existing Settlement Strategy
which aims for a 50:50 split between greenfield and infill development
“At the moment we are seeing about 80 per cent of new homes in greenfield areas and 20 per cent in established areas so it’s going to require a substantial shift in mindset for end consumers to be able to tolerate living in higher density product in Geelong,” he said
The City of Greater Geelong has approved this 10-apartment complex at 34 Barrabool Rd
has been identified as a future target for increased residential building
Mr Clements said while the Central Geelong Framework Plan aimed to deliver 16,000 new inner city homes by 2050
a big policy shift was needed to make up the 60,000 shortfall
“There are a number of discrete precincts where they have identified as suitable for additional housing growth but those precincts are going to expand considerably,” he said
“There’s going to have to be areas such as High St
where there will need to be a substantial uplift in density
“The consequence of all this is clearly there’s going to be a change in character to a lot of our suburbs.”
Geelong director Jim Cross said there was already a trend towards low density development in key suburbs
“I think the only way this model works is if they are done in specific locations in micro markets
for example right near the Highton shopping hub or right near Pakington St in Newtown or Geelong West,” Mr Cross said
was the first four-storey residential complex built outside central Geelong
This two-bedroom apartment in the complex resold for $525,000 in December
He pointed to the first four-storey apartment building in Halstead Place
as a successful example that had resold strongly
“It might be that we start to venture out further with these projects
near one of the shopping centres,” he said
City of Greater Geelong executive director placemaking Tennille Bradley said the region would need significant state and federal investment in services and infrastructure to hit the target
She said it was committed to working with the State Government to increase housing supply
“We made 35 recommendations in our submission last year
detailing many challenges that remain an issue with the final revised target
such as reviewing the impact of rate capping on our capacity to meet community need
services and facilities in line with population and housing growth
and resourcing to deliver new housing supply,” Ms Bradley said
“We have called for a state-based approach to deliver affordable and social housing targets
and more investment in integrated transport solutions and the regulatory framework in the planning and building sectors.”
The Victorian Government’s Central Geelong Framework Plan and Activity Centre Zone aims to encourage apartment development in the city centre
She said central Geelong offered the biggest opportunity for infill development but
despite generous planning controls and many permits being issued
only a small number of residential projects had so far been built
The council also has frameworks to develop the strategic Saleyards precinct and South Geelong
up to 44,000 homes are slated for the Northern and Western Geelong Growth Area
But Villawood Property executive director Rory Costelloe said excessive red tape had seen planning for new estates there drag out for years
“The timing has been elongated and the costs have escalated so it’s making it very hard to make it plausible to launch the land,” he said
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but we don't want to lose you.\"}],[\"$\",\"div\",null,{\"className\":\"notfound-page__text-block\",\"children\":\"We recently updated the way we organise our articles
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initial-scale=1\"}],[\"$\",\"meta\",\"1\",{\"charSet\":\"utf-8\"}],[\"$\",\"title\",\"2\",{\"children\":\"Anu Corp Adds Storeys for Geelong West Remix | The Urban Developer\"}],[\"$\",\"meta\",\"3\",{\"name\":\"description\",\"content\":\"Now with more floors and units
Victoria.\",\"alt\":\"Wardle's design for ANUCORP's project at 5-11 Mercer Street in Geelong West
Victoria.\",\"imageDesc\":\"Wardle's design for ANUCORP's project at 5-11 Mercer Street in Geelong West
Lendlease’s third residential building in the Collins Wharf precinct of Victoria Harbour.\u003c/p\u003e\u003cp\u003eThe 28-storey building at 971 Collins Street in Melbourne’s Docklands will deliver 312 homes in a mix of one
two and three-bedroom apartments as well as townhouses and penthouses.\u003c/p\u003e\u003cp\u003eAccording to Lendlease
the project has already secured more than 50 per cent in presales.\u003c/p\u003e\u003cp\u003eHickory is the construction contractor—it completed the precinct’s first development
in 2019 and is also working on LendLease’s second tower
Regatta.\u003c/p\u003e\u003cp\u003eFor Ancora
Hickory is implementing several technical construction methods including various piling techniques and precast concrete solutions that enable a parallel-track construction program.\u003c/p\u003e\u003cp\u003eThe building’s facade designed by architect Warren and Mahoney uses a three-stage design incorporating double-glazed glass
and textured precast concrete with Reckli and brick finishes.\u003c/p\u003e\u003cp\u003eThe structural design transitions from a solid podium base to lighter upper levels
“reflecting a maritime theme” aligned with the Collins Wharf design objectives.\u003c/p\u003e\u003cp\u003eAncora will connect to the neighbouring Regatta development via a podium
allowing resident access to shared amenities.\u003c/p\u003e\u003cp\u003eDesigned as an all-electric building that includes electric vehicle infrastructure
the development is targeting a 5 Star Green Star certification
Completion is expected in 2027.\u003c/p\u003e\u003cp\u003eRegatta
including build-to-rent and build-to-sell units.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eExtensive wharf works
including remediation of pre-existing wharf piles
installation of raker piles and construction of the extension to Australia Walk
are also part of the project.\u003c/p\u003e\u003cp\u003eTechnical challenges include constructing on the finger wharf and co-ordinating extensive above-wharf road reserve and public parkland works.\u003c/p\u003e\u003cp\u003eThe Collins Wharf precinct will ultimately comprise six residential buildings of more than 1800 homes surrounded by over 5000sq m of parks and community space.\u003c/p\u003e\u003cp\u003eLendlease is developing the parkland concurrently with the residential components
including the extension of Australian Walk that forms part of the City of Melbourne’s Greenline project.\u003c/p\u003e\u003cp\u003eLendlease executive director of development Adam Williams said Collins Wharf “is fast becoming a sought-after address ..
which took just a handful of hours to emerge on Saturday night
the Coalition’s failure to sway voters has
come under intense scrutiny.\u003c/p\u003e\u003cp\u003eIts lack of policies around property that resonated with voters has been a large part of that criticism.\u003c/p\u003e\u003cp\u003eAmong those policies was a $5-billion infrastructure program to unlock up to 500,000 new homes
was greeted with no small amount of scepticism.\u003c/p\u003e\u003cp\u003eThe Coalition also campaigned on its previously revealed plan to allow first home buyers to draw down on their superannuation
giving access to up to $50,000 to help fund mortgage deposits.\u003c/p\u003e\u003cp\u003eWhile that proposal had won some support
it got the thumbs down from many of Australia’s top economists
who said the measure could prove highly inflationary
among other issues.\u003c/p\u003e\u003cp\u003eSimilarly
its plan to allow mortgage interest for first home buyers to be tax-deductible was roundly criticised for its likely inflationary and regressive effects.\u003c/p\u003e\u003cp\u003eIt has also been pointed out
that the Coalition’s rejection of the Green’s policies around housing supply
affordable housing and help for renters did it no favours.\u003c/p\u003e\u003cp\u003eThe ALP
went to the polls spruiking an extension of schemes introduced during its previous term
including a $10-billion promise for its first-home buyers’ scheme to encourage 100,000 more homes.\u0026nbsp;\u003c/p\u003e\u003cp\u003eIt also had its Help to Buy shared equity scheme
under which the Government pays up to 40 per cent of the house price
to point to.\u003c/p\u003e\u003cp\u003eIf it was these policies per se
or the lack of detail and depth to the Coalition’s
the nation's ready for the Albanese government to act.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eWhat is clear
been endorsed to follow through on its policies
and fix the crisis that is crippling the Australian property sector.\u003c/p\u003e\u003cp\u003eAs Urban Taskforce Australia chief executive\u0026nbsp;Tom\u0026nbsp;Forrest has pointed out
it is time for the Federal Government to get back to work.\u003c/p\u003e\u003cp\u003e“Housing affordability and housing supply featured large during the campaign,” Forrest said.\u003c/p\u003e\u003cp\u003e“The key now is for the Government to strike while the iron’s hot.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“If legislation is needed to support the delivery of Labor’s $10-billion
100,000 new homes commitment—then pass it through the parliament now and get on with it.”\u003c/p\u003e\u003cp\u003eThe states have
made many changes to how they enable home development
The Federal Government’s support of that is crucial to its success
material supply assistance or any other factor that affects getting homes out of the ground.\u003c/p\u003e\u003cp\u003eThis has been a pivotal election
Then Cities for Total Fan Immersion\",\"slug\":\"billionaire-arsenal-rams-denver-nuggets-sports-anchored-precincts\",\"datePublished\":\"2025-04-30T00:00+10:00\",\"tags\":[],\"summary\":\"Why your next home might be stadium-adjacent; sports are the hook
An unusual Geelong West heritage home with an Asian-inspired oriental tower dating back to 1900 has been snapped up in a $1.825m off-market deal
An online teaser piqued the interest of a young family who fell for the ornate charms of 37 Villamanta St on first inspection
occupies a 843sq m block neighboured by a string of significant heritage residences
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An Oriental-style addition sets 37 Villamanta St
Newtown agent Heidi Trempel said the buyers planned to put their own stamp on the home
which had previously been extended some time ago
Three living areas and a wide entrance hall packed with beautifully preserved heritage details such high pressed metal ceilings
lead lighting and timber fretwork are highlights of the interior
a historic claw foot bath and rear access to garaging for three cars
Ms Trempel said she was excited to see what the new owners did with the property
which has space for a pool in the back yard
“They are going to do further renovations on it and change it to what they want it to be now,” Ms Trempel said
Decorative cornices and high ceilings feature throughout
“I think they might have been looking in Newtown predominantly
because that’s where you find this type of house and this sold off Instagram
so for me it was just knowing that kind of property and the character
“I literally put the front facade on and a couple of beautiful internal shots and the lady was following me to see what popped up and contacted me … they had a number of kids and thought they could work with it.”
is notable for its historical links to wealthy Geelong confectioner and Geelong Art Gallery supporter James McPhillimy
It’s believed his family added the distinctive tower to the front of the original six-room house after a trip to the East
“It’s very traditional and the room sizes are beautiful and big
it’s just got that lovely feel when you walk in
lots of features throughout still and lots of character but solid.”
Next-door neighbours at 35 Villamanta St, Geelong West, have embarked on their own renovation of that 1400sq m property’s circa 1870s Victorian-era brick villa
one of the most significant ever built in the suburb
sold to a prominent Newtown business family for $1,849,999 in 2020
gutted Geelong homes spark ‘insane’ interestNicole Mayne
But the one-bedder’s sorry state isn’t deterring would-be flippers who are lining up for the chance to renovate the bargain buy
The interest in 1/1 French St, Geelong West
has been so strong Hayeswinckle agent Matthew Roberts decided to convert its private sale campaign to an auction scheduled for February 22
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He said banks were unlikely to lend money on the unit
but there were plenty of cash buyers ready to go
with almost 50 people already expressing interest
The $219,000 to $239,000 price range is a big drawcard
though he estimates you would need to spend between $35,000 and $60,000 to bring it up to scratch
“Everybody has been pretty willing to take on the work
“I think the resale value in it is probably around $330,000 so I guess there’s just enough in it for people not to overcapitalise and obviously the rent return in that area is really good
“It’s a bit of a niche market and the fact it would probably get a least $350 a week in rent if it was redone
“Most people are either looking to flip it or invest in it.”
The one-bedder is also in need of a new bathroom/laundry
was previously owner occupied but has been vacant for more than 12 months
While construction costs have tempered interest in renovator’s delights more broadly
Mr Roberts said the outlay for this one stacked up as a quick
whereas you could buy a house for $650,000 in Belmont and you could probably flip it for $1m but people don’t want to overextend themselves,” he said
Those who are up for a bigger renovation challenge, however, are excited by a gutted three-bedroom house for sale at 56 Marjorie Ave, Belmont
the property comes with a warning to enter your own risk and not outside open times with much of the plasterboard removed
stud walls exposed and some sections of timber floor missing
Highton agent George Politis said inquiry had been “off the charts” ahead of the March 5 auction
Buyers can expect to spend $550,000 to $600,000 on the house
where the restumping is just about the only job completed
Mr Politis said the flexibility to finish the renovation
start afresh or develop was key to the ‘insane’ interest
“I’m not sure what it would cost to renovate it but you could spend a couple of hundred thousand on it,” he said
“The record in that area is in the early $800,000s so if you are going to spend a couple of hundred thousand on it you are still going to be ahead.”
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This charming four-bedroom Geelong West home sold recently for $905,000
The size of Geelong West is about 2.3sqkm and has three parks covering nearly 2.3 per cent of total area
The population of Geelong West in 2016 was 6,976 and by the 2021 Census the number was 7,345 showing a population growth of 5% in the area during that time
Geelong West is a residential suburb immediately adjoining central Geelong
which included Herne Hill and Manifold Heights
In 1839 blocks of land of about 10 hectares were sold by the Government in Geelong West between Pakington Street and Shannon Avenue
northwards from the Barwon River to Church Street
and smaller blocks of about 0.6 hectares were sold two years later
The reason for releasing the land was probably the high speculative prices being paid for land in Geelong central
Between 1843 and 1846 the empty land between Geelong and Geelong West
between Pakington Street and Latrobe Terrace (later the municipal boundary)
An area south of Ashby became known as Little Scotland
although in the 1857 census it did not have a particularly high population of residents with a Scotch or Presbyterian religious affiliation
During the mid-1850’s there was local agitation for municipal separation from the Geelong town council
Twenty years of effort were rewarded on May 29
when the Geelong West borough was proclaimed
Its western and eastern boundaries were McCurdy Road and Latrobe Terrace respectively
and the northern and southern boundaries more or less Church Street and Aberdeen Street
In 1926 an area between Church Street and Bell Parade was taken from Corio shire and added to the borough
Several industries were established in Geelong West
the largest being Donaghy’s Rope Works (1873) in Pakington Street
The Newberry foundry (1886) in Lupton Street was a source of both local employment and cast-iron building materials used for the many timber houses to be found in Geelong West
Shopping in Geelong West had begun in Pakington Street in the 1850’s
and it became the main shopping strip in Geelong West
It was originally served by a tram line (1912) and other tram lines ran along Church Street and Latrobe Terrace
confined to the eastern side of the municipality
This left nearly two-thirds of the municipality to be served by buses which came in 1926 with Benders Busways
Manifold Heights in the middle of the municipality came under residential development in the 1920’s and Herne Hill to its west is mainly a post war suburb
The vast majority of houses were single-storey timber structures
double-fronted Edwardian or Federation style and through to Californian bungalow
the timber houses fell in popularity as families preferred newer
Some cottages were knocked over for car-parking space and it was not until the 1980’s that the timber houses were seen as desirable
from the points of view of price and restoration
CoreLogic data indicates that the predominant age group in Geelong West is 20-29 years with households in Geelong West being primarily couples with children and are likely to be repaying on average $1,996 per month on mortgage repayments
people in Geelong West work in a professional occupation
Geelong West officially became a town on March 22
An inhabitable Geelong West unit has sold $55,000 above reserve as five bidders tried to get on their hands on the bargain flip prospect
The boarded up one-bedder, at 1/1 French St
East Geelong auctioneer Matthew Roberts estimates another $25,000 to $40,000 is need to make the unit liveable for someone with trade skills
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More than 60 buyers inspected the 1/1 French St
Most were not daunted by the task of revamping the unit
But he said even after paying a 25 per cent premium on the $220,000 reserve
it still stacked up for the buyer who plans to add value with a view to renting it out short term and potentially flipping down the track
“At that price the yield is still really good,” Mr Roberts said
and it only sold for $240,000 and that wasn’t long ago
“I think if you were to flip it straight away you could get anywhere between $330,000 and $350,000 for it so it would probably stack up that way even with stamp duty
some of the units in that area are going for anything from $300 to $350 a week.”
The combined bathroom/laundry needs some attention
More than 60 groups inspected the smoke-damaged unit
which had been owner-occupied but not lived in more for more than a year
Mr Roberts said he had never started an auction as low as this one
which he kicked off with a $150,000 vendor bid
adding another 78 bids before the hammer eventually fell
“I never thought the best sale so far this year would come at that price point,” he said
“The market is always driven by price and if it looks the part and it stacks up
The property flies well under Geelong West’s median unit price of $490,000
An un-renovated Geelong West “rough diamond” once home to a family of 14 is set to be restored to its former glory
Buyers with a vision to bring 14 Maitland St into the 21st Century snapped up the three-bedroom
one-bathroom house for $675,000 at auction on Saturday
They were among four bidders keen to unlock the potential of the Victorian-era weatherboard on a 364sq m corner block
RELATED: Four bidders contest Highton home last sold in 1972
Where Geelong homebuyers can find an edge as afforability bites
Cool concealed cellar the cream on top of dairy farm
The vendor’s family moved into the Victorian-era house back in 1959
It was the first time the property had been offered for sale since the seller’s family moved in back in 1959
Jellis Craig Geelong auctioneer Jeff Begg said it was with a heavy heart that the family had decided to let the house go
she’s a proud old girl and there’s history here,” Mr Begg said
“1959 was when the family that’s selling today moved in
11 brothers and one sister – a cricket team and a maiden over.”
Jellis Craig Geelong agent Jeff Begg calls the auction
The property was declared on the market once the eventual buyers raised their penultimate bid to $665,000
The house retains some period elements such a fireplace in one of the bedrooms
as well as a central lounge and an open-plan kitchen
dining and living area which links to a covered patio
There’s side access to the north-facing rear yard and a carport via Picton St
Slate tiles and timber cabinetry feature in the open-plan kitchen
The north-facing corner block was attractive to potential buyers
“They were attracted to it because it was original and they’re gong to go in and do a full renovation,” Mr Begg said
“The corner block was a big plus because off-street parking is a rarity in Geelong West and the potential was there
“The beauty about that part of Geelong West is not just the proximity to Pakington St but you are just as close to town and the waterfront
Sam and Brylee Winfield transformed a Geelong West miner’s cottage into a stylish home
They share how the colourful and compact abode is full of heart
Please call us on 1800 070 535 and we’ll help resolve the issue or try again later
Any Questions? Please call 1800 070 535
Saturday & Sunday 7:00am – 11:30am (AEST)
A refined approach to hospitality meets a blue-collar past at Geelong West’s Meet Me At Mary’s
SANTA Claus will be riding around in a four-wheeled sleigh on Christmas Eve
making a series of stops in Geelong’s west and south and spreading the festive cheer
Geelong’s traditional Christmas Eve Santa Runs take place at two of the city’s CFA branches
Geelong West Fire Brigade and Grovedale CFA will again provide a free lift for Santa on Tuesday
dropping off lollies and presents to local children and their families before his yearly sleigh run around the globe
Geelong West Fire Brigade’s Santa Run will start at 3.10pm at Kenwith Reserve
a sensory-friendly no sirens stop at Bakers Oval (7.30pm)
The Grovedale Fire Brigade will begin its Santa Run from 2.30pm at Grovedale Recreation Reserve
then will spend time at Glenlee Regional Park (3pm)
and Bunjils Nest Playground in Mount Duneed (5pm)
The Grovedale brigade has again partnered with local lolly provider The Sweets Lab for a third consecutive year to provide the sweets for children
Highton and Corio have already conducted their yearly Santa Runs
Both brigades will also be on standby for any callouts and may be required to cut the Santa Run short or cancel it altogether
For full details on both coming Santa Runs can be found on each brigade’s Facebook page
architectural homes near the Barwon River and a blue ribbon pocket close to prestigious schools are among the factors driving Geelong’s most expensive streets
New analysis from Ray White Property Economics has revealed the city’s streets with the cheapest and most expensive median home value
widely regarded as one of the city’s best residential streets
was the only one with median price exceeding $2m
The cheapest streets were in the northern suburbs of Norlane and Corio
Norlane with a street median value of $380,000
A historic five-bedroom Californian bungalow which sold for $5.95m last September is emblematic of the draw of Virginia St
where homes on one side of the street enjoy extra-large blocks
Other homes have sold for more than $3m in the past two years
RELATED: Buyer has vision for abandoned Charlemont farmhouse
Masterful renovation flips the dial on Manifold Heights home
Landmark Newtown residence offers chance for new owners
Yemoneit occupies an impressive 2697sq m parcel of land with a tennis court and swimming pool at 51 Virginia St
Buyers plan to splash even more renovating the two-storey bungalow
Virginia St leads seven of the top 10 entries
though the analysis suggests buyers wanting a piece of the action in Newtown’s most exclusive streets often had to settle nearby given the tightly-held nature of the area
Upper Skene St and Noble St are near the top of the list
Newtown agent Heidi Trempel said the list didn’t reflect Newtown’s true premium streets
as so few homes have come on the market there in recent years
“At the end of the day that part of Newtown is generational
It’s the kind of streets where a number of houses are coming up because of the generation that’s moving on,” Ms Trempel said
The suburb’s prestigious college precinct was the number one drawcard for buyers
The schools precinct contains The Geelong College
“A lot of people are coming for that premium secondary school experience
The kids get to a certain age and mum and dad don’t want to bus them in
Most families end up staying 15 to 20 years before deciding to move again
The premium streets of Newtown are renowned for their bigger blocks and period houses
“Usually being in those streets is something that they’ll aspire to
but more so that the value there holds really well,” she said
Highton’s Watersedge Terrace is regarded as one of the suburb’s most exclusive streets
but a clutch of recent sales underlines why
the Queens Park cul-de-sac hugs a path along the Barwon River
McGrath Geelong agent Mergim Ibrahimi said
The four-bedroom house at 58 Rivergum Drive
He also attributes the work done by architect Zarinan Gurrie and others in creating stunning homes
were tied for Highton’s second-best streets
behind Willowfield Court and ahead of a portion of Montrose Place
But Rivergum Drive is a new kid on the block attracting plenty of attention
Mr Ibrahimi said Rivergum Drive is a product of the 2010s – more than 20 years younger than Watersedge Terrace – with big homes often sporting long list of standard features such as pools
outdoor entertainment and sporting areas and zones for kids and adults
Both streets offered direct access to the Barwon River
“I don’t know that anyone ever comes to me and says I want to buy a house in Watersedge Terrace as it’s quite tightly held,” Mr Ibrahimi
But he said cashed up empty-nesters definitely put Rivergum Drive on their shopping list for its enviable collection of modern
“They want somewhere where it’s flat and Rivergum Drive does offer that
So if you want modern luxury and proximity to river walking tracks
that’s really the only street you’ll find.”
Geelong West is another product where the size of the blocks at the west end elevates the street value
The oasis among the suburb’s traditionally tight inner city blocks allowed people to devise big renovations
capitalising on the rear right-of-way access available to both sides of the street
Jellis Craig Geelong West agent Marcus Falconer said
Cheapest street: The three-bedroom house at 16 Bellbird Ave
“The beauty with Albert St is most people tend to do significant renovations in the strip because the blocks lend themselves to being able to fit a larger renovation than a standard Geelong West block does,” he said
“It’s one of the key factors in its popularity
because it’s got to be in the top five streets of Geelong West.”
The other quintessential factor for Geelong West buyers is the Pakington St and Shannon Ave shopping strips
“At one end you’ve got Coles and Aldi and Baker’s Delight and Dan Murphy’s and Geelong Fresh
Ray White Property Economics senior data analyst Atom Tian Go said the most expensive streets across the country tended to be close to water
Geelong West is the city’s premium retail strip
Geelong West is expected to attract a crowd of potential buyers after being put up for sale for the first time in 44 years
Disabled and aged care service provider genU is selling the commercial property at 149B-151 Pakington St, Geelong West
Colliers Geelong agents Jonathon Lumsden and Ned Tansey are leading the campaign that’s set to finish with at auction on March 6
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Bidders battle for Geelong West ‘unicorn’
149b-151 Pakington St, Geelong West, goes to auction on March 6.
Mr Lumsden said early interest is from local investors who already have a holding on Pakington St and some Melbourne buyers seeking a development opportunity.
Pakington St, Geelong West is the city’s premium commercial strip where the sale of properties within the core hub are rare, but expensive.
“This is a rare opportunity to secure a prime commercial property in one of Geelong’s most sought-after locations,” Mr Lumsden said.
“The flexibility and potential of this site make it an attractive proposition for a wide range of buyers.”
The property is effectively two vacant buildings divided by an internal courtyard on a 327sq m site zoned Commercial 1.
An internal courtyard divides the buildings on the site.
Each building has its own amenities, while the front site has direct entry off Pakington St.
Mr Lumsden said the layout allowed for various uses, such as full or partial occupation, investment or redevelopment.
There is carparking at the rear of the site, which backs on to a council-owned public car park.
“You could ultimately occupy or lease it as a whole or you could occupy the front and lease the back,” he said.
“The way they are configured, both have got their own amenities so you’re not having to share amenities if you are trying to split buildings.”
The central courtyard could also be valuable real estate if made available to a hospitality business, given the small footprint available for outdoor dining on the street.
Mr Lumsden said potential tenants could be a mix of retail business, hospitality and consulting businesses.
The rear building has entry from the courtyard.
There is rear parking available on the property, which also faces a council-owned car park off Albert St.
“You could strip the front out and turn it into a hospitality venue and you could have the back as a consulting business,” he said.
Records show the property last traded in 1981 for $62,000.
Since then, Pakington St, Geelong West, has become the city’s premium commercial property strip.
Sales in recent years have set land rates of around $6000 per sq m.
A nearby corner holding at 168 Pakington St, sold in 2024 for $1.78m.
The tenanted investment is leased to Splatters, the state’s first cheese train.
Also on the opposite side of the street, the property home to The Village Door cafe sold for $1.4m in 2022.
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Disabled and aged care service provider genU is selling the commercial property at 149B-151 Pakington St, Geelong West
RELATED: Chemist Warehouse key to $7m ‘island’ site with upside
Barwon Heads institution Starfish Bakery for sale after 25 years
Bidders battle for Geelong West ‘unicorn’
Mr Lumsden said early interest is from local investors who already have a holding on Pakington St and some Melbourne buyers seeking a development opportunity
Geelong West is the city’s premium commercial strip where the sale of properties within the core hub are rare
“This is a rare opportunity to secure a prime commercial property in one of Geelong’s most sought-after locations,” Mr Lumsden said
The property is effectively two vacant buildings divided by an internal courtyard on a 327sq m site zoned Commercial 1
An internal courtyard divides the buildings on the site
while the front site has direct entry off Pakington St
Mr Lumsden said the layout allowed for various uses
There is carparking at the rear of the site
which backs on to a council-owned public car park
“You could ultimately occupy or lease it as a whole or you could occupy the front and lease the back,” he said
both have got their own amenities so you’re not having to share amenities if you are trying to split buildings.”
The central courtyard could also be valuable real estate if made available to a hospitality business
given the small footprint available for outdoor dining on the street
Mr Lumsden said potential tenants could be a mix of retail business
The rear building has entry from the courtyard
There is rear parking available on the property
which also faces a council-owned car park off Albert St
“You could strip the front out and turn it into a hospitality venue and you could have the back as a consulting business,” he said
Records show the property last traded in 1981 for $62,000
has become the city’s premium commercial property strip
Sales in recent years have set land rates of around $6000 per sq m
A nearby corner holding at 168 Pakington St
The tenanted investment is leased to Splatters
the property home to The Village Door cafe sold for $1.4m in 2022
The vendors of this period reproduction house in Geelong West like to say that it was designed around their underground cellar
Constructing a space to celebrate a passion for wine had been a long-time dream for the couple who finally got the chance to make it a reality when a knockdown rebuilt project presented itself 16 years ago
a joiner spent countless hours crafting the custom shelving in the temperature controlled cellar that’s become a favourite space for entertaining
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The weatherboard facade enables the contemporary build to blend into the heritage streetscape
The underground cellar is accessed with fingerprint technology
Throw into the mix a north-facing deck with an outdoor kitchen and barbecue, a swimming pool and a large first floor balcony and the quality-built custom home at 72 Clarence St, Geelong West
has just about every social gathering covered
The vendors even chose a block in the wide part of Clarence St and installed then a wide driveway so visitors would have space to park
that was his dream – we always say that the house is built around the cellar,” the vendor said
“Even the joiner that did our kitchen and vanities said that out of the all the work he has done as a joiner
the cellar was his best work and the job he was most proud of because he didn’t buy the racks
we have dinner down there and the good thing is you don’t even know what time it is.”
The swimming pool is the centrepiece of the low-maintenance back yard
Custom timber joinery features throughout the house
Bi-fold timber doors creates a seamless indoor-outdoor flow
The contemporary two-storey residence is full of surprises
with most first-time visitors taken aback with the amount of space hidden behind the modest heritage-style facade
a purpose-built study and the choice of two main bedroom suites
Quality finishes such as blackbutt timber floors create a timeless style in the entry hall that flows past the ground floor bedrooms
family bathroom and laundry to the main open-plan living zone at the rear
two sets of bi-fold door blur the indoor/outdoor line between the dining and lounge areas and a covered deck overlooking the private pool and landscaped gardens
There’s the option to cook outside or retreat to the expansive modern kitchen with a long island bench
custom cabinetry and stainless steel appliances
Outdoor heaters and a built-in barbecue feature in the outdoor entertainment area
The second living area has its own bar and balcony
The vendors opted to use the entry level main bedroom suite
freeing up the first floor alternative for each of their three children in turn
She said this essentially created a teen retreat upstairs
kitchenette/bar and a balcony with a panoramic view
they all had their mates up there,” she said
“You could also have it as a guest bedroom as it’s separate.”
Any guests who do stay over will get the luxury of a walk-in wardrobe and ensuite with a freestanding bath
A double garage with a storeroom and a poolside changeroom complete the picture
Jellis Craig Geelong agent Jeff Beff is handling the sale of 72 Clarence St
A first-time buyer searching for a home on-and-off for three years has snapped up the contracts to a renovated Geelong West house before it went to auction
The three-bedroom brick veneer house at 34 Trigg St was snapped up for $820,000
the second house in a few weeks to sell amid competition prior to going to auction
A renovated three-bedroom weatherboard house at 24 Trigg St sold for $810,000 two weeks ago after gaining early interest from several buyers
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Geelong agent Will Ainsworth said there was other interest in the house
with several investors also hooked on the brick veneer construction
but they probably weren’t going to reach as deep into the pockets for the home
including highlighting the polished floorboards
Mr Ainsworth said the sale far exceeded his vendors’ expectations for the property
which had been listed with a $700,000 to $770,000 price guide
The home had been an investment for nine years before the vendors decided to undertake a cosmetic renovation (including replacing the kitchen and bathroom) prior to selling
after considering to cost of alternatively subdividing and selling two blocks of land or building townhouses
The kitchen was one of the major updates to the home
“It just showed a real desire for that sort of property in that price point that’s ready to go,” he said
“They’re really desirable at the moment – anything between $700,000 and $850,000
any properties that don’t require too much work.”
The pre-auction sale ensured the best outcome
The bathroom was also remodelled with a shower over a new tub
“The other buyers were investors and in my pre-auction chats with them they weren’t necessarily seeing value where the other buyer was,” Mr Ainsworth said
“If there’s a gap between the best buyer and the second and third
sometimes selling it prior to auction is the best option for the vendors.”
Buyers Butler buyers agent Matt Linney said they were ready to pull the trigger when it became time to talk
including a pest and building inspection on the property
“My client had been looking on and off for around three years and not finding something within their budget,” he said
Mr Linney said the buyer had been sharing a rental home with a friend while saving a deposit
“They really liked the concept of a 1970s home with the renovation inside and with a bit of character,” he said
The property offered a 530sq m land component
“They didn’t really want to do any work either
they wanted to move into something that already had those renovations completed.”
Mr Linney said by studying what other properties were selling for
they were able to get a better read on the market
“The main issue was previously not understanding the value of particular properties and going in with a budget that most likely wasn’t enough to purchase when they first started,” he said
But by tracking how much other properties were selling for they were able to find comparative sales to assess what kind of properties were selling in the area
Liberal candidate for Corio Darren Buller
City of Greater Geelong mayor Cr Stretch Kontelj and Liberal Senator Sarah Henderson with Pakington Street traders
GEELONG West’s Pakington Street will receive a CCTV upgrade to deter crime and boost community safety if the Coalition is elected on May 3
Liberal candidate for Corio Darren Buller joined Victorian Liberal Senator Sarah Henderson
City of Greater Geelong mayor Cr Stretch Kontelj and several local traders in Pakington Street on Monday to announce the $40,000 investment for the well-regarded shopping hotspot
The commitment will be used to fund nine CCTV cameras and will be delivered under a restored Safer Communities Fund
a former crime prevention grant program initiated by the Morrison Liberal Government
Mr Buller said the election pledge had been made in direct response to concerns raised by local residents and Pakington Street traders about a recent increase in antisocial behaviour and crime in the area
the Liberals are responding quickly with practical measures to ensure that working and shopping in Pako is safer for everyone,” he said
Senator Henderson said the CCTV upgrade was aimed at ensuring the Pakington Street shopping precinct continues to go from strength to strength
I thank mayor Stretch Kontelj and Council for ensuring community safety across our community is a high priority,” she said
“Pakington Street in Geelong West is home to many wonderful shops
cafes and other businesses and these CCTV cameras will ensure Pako continues to be a great place to shop
a Dutton Liberal Government would partner with the City of Greater Geelong to deliver the CCTV upgrades
Opposition spokesperson on Home Affairs and Cyber Security Senator James Paterson said that under a Dutton Liberal Government
the Geelong West community would be stronger
more secure and better supported to tackle crime
“Getting Australia back on track means keeping Australia safe – safe for families
safe for businesses and safe for communities,” he said
“Projects delivered under the Safer Communities Fund will help protect local communities by ensuring they have appropriate security infrastructure in place
alarm systems and security lighting.”
Geelong West’s clash against Lara was drawn to a close before the final siren after an injury to a Giants player
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Police have provided an update in the search for a missing man with dementia who was last seen in Geelong West
are inviting all to the grand opening night of Queens Piano Bar; the newest key-bangin’ bar in Geelong
The team have been working hard behind the scenes want you to celebrate the news with a huge weekend to kick off the new venture
Keep up with the latest food and booze news across the region here
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a professional pianist and the godfather of Piano Bars and the man behind the world-famous Minsky’s Piano Bar in Sydney’s Eastern Suburbs
will be there to get the party started as you drink
dine and dance the night away to the songs of yesteryears and today
Queen and ABBA to Taylor Swift and Amy Winehouse
Table and Booth bookings are available online
is scheduled to be auctioned on September 7
One of Geelong West’s earliest homesteads has finally been given the renovation it deserves
with a much-needed makeover proving worth the wait
‘Homewood’, a double brick beauty which has stood at 180 Autumn St since 1864
is once again the pride of the neighbourhood after the grand reveal of its first class transformation
a new rear extension delivers a cracking contemporary living space that connects the house to the prized north-facing back yard
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But you only have to peer through the custom glass hatch into the original wine cellar below to see that the home’s heritage is far from forgotten
Geelong listing agent Jim Cross said the vendors commissioned a custom fabricated steel frame with special thickened glass to make a feature of the cellar
It’s just one example of the workmanship that’s gone into creating a high-end finish throughout the four-bedroom house
The vendors were going for volume in the rear extension
The new back deck catches all the northern sunlight
“They bought the property unrenovated and they saw so much potential to do a first class extension and renovation and it has come up amazing,” Mr Cross said
“The workmanship and the fixtures and fittings and design of the whole property is gorgeous and on point for today’s current standards.”
dining and living room is a light-filled revelation
it showcases feature windows that seem to stretch skywards
elegant herringbone timber floors and oversized glass sliding doors onto a rear deck
Peer down through the hatch to the original cellar below
Two of the front bedrooms have period fireplaces
“They have really capitalised on that north-facing back yard with that open-plan area,” Mr Cross said.”
So having that vaulted ceiling and that height out the back
adds that volume to that whole area so it just feels like a gorgeous home to live in but also entertain in.”
No entertainer’s home is complete without a quality kitchen and this one doesn’t disappoint
The highlight is a 4.2m island bench topped with Calacatta stone that’s paired with navy toned cabinetry for a classic finish
An internal courtyard sits between the main bedroom suite and the rear extension
The central bathroom has a freestanding tub
A separate studio could be a home office or additional living space
Mr Cross said a separate studio at the rear lent itself to a home office or extra living zone
The 825sq m property currently has off-street parking for two cars
but there is scope to add a triple garage alongside the studio
A deep set back also provides play space in the front yard under the shade of Norfolk Island pine that was planted in 1915 to celebrate the marriage of former resident Elsie
Geelong agent Jim Cross has scheduled the auction of 180 Autumn St
Moving an old miner’s cottage forward 3m on its Geelong West block has helped vendors add almost $1m to the value of their property
Brady and Laura Lane opted to delicately reposition the “derelict” period home closer to Avon St to unlock extra space as part of a major renovation
While watching it slide along metal bearers was a nerve-racking 10-minute experience
the manoeuvre proved a masterstroke that’s paid off handsomely
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The couple just sold the renovated four-bedroom residence at auction for $1,487,500
“It was a massive setback in the front yard and for the design parameters of keeping the house and renovating
it made it easy than knocking down and starting again,” Mr Lane said
“It meant we could have a four-bedroom house with two living areas rather than a three-bedroom house with one living area because we moved it forward 3m.“Maybe we could have saved some time by knocking it over but it’s nice to keep something.”
The kitchen has dual Asko ovens and an induction cooktop
A subtle pink theme pops up throughout the house
He said squatters had been living in the house
which had boarded up doors and windows when it last sold for $516,500 in 2020
achieves an 8.6-star energy rating and is flush with high-end finishes
lime-based plaster bathrooms walls and a rare kitchen bench top chosen from Artedomus’ Saria Collection are among features that attracted premium buyers throughout the campaign
The north-facing garden has also had a makeover
Mr Lane said he and his wife had expensive tastes and also invested behind the scenes with quality insulation
insulated concrete floors and low VOC paints to create a healthy home for their family
Vaulted ceilings are a highlight of the open-plan rear living zone which overlooks the north-facing back yard
The front section of the house offers a second lounge and four bedrooms
including the luxe main bedroom suite with a pink hued ensuite
I’ve got a wife and two girls so it’s a very pink house but I’m not complaining,” Mr Lane said
The Geelong Agency listing agent Mitchell Falzon said the quality of the renovation attracted a lot of premium buyers from Newtown but
it was a Melbourne couple moving down to be near their daughter that stepped forward
“From day dot they were just enthralled,” Mr Falzon said
“Tim Adams designed this and he’s a real needle mover in the scene of sustainable real estate and this home specifically was a key note for a lot of professional meetings that he used to have with other architects and building designers to show them the capabilities and necessity for sustainable real estate and how you can be conscious of comfort too.”
He said many people attending inspections were looking for inspiration for their own renovation projects
“It was certainly the quality and aesthetic that attracted people,” he said
With sirens echoing through the streets and Santa Claus leading the way
this beloved tradition has become a highlight for families across Geelong West
Geelong West brigade’s Christmas Eve Santa Run has been spreading holiday cheer for as long as most locals can remember
This cherished event sees the brigade escort Santa Claus on a tour of local parks
bringing festive joy to children and adults alike
What makes this tradition so unique is not just Santa’s arrival in a fire truck
but the unmistakable sound of firefighters singing their version of 'Jingle Bells'— a special rendition that adds a playful
local twist to the classic Christmas carol
the firefighters enthusiastically belt out the tune
Santa also delights children by handing out lollies
who has perfected the role of Santa over the years
and infectious holiday spirit make the experience magical for everyone involved
“Brendan really embodies the spirit of Christmas,” said a fellow brigade member
“It wouldn’t be the same without him and the effort he puts into making it so special for the community.”
The Santa Run is not just about spreading joy but also about fostering a strong connection between the brigade and the community
It’s a reminder of the vital role firefighters play
not only in emergencies but also in bringing people together during moments of celebration
Geelong West Fire Brigade is gearing up for another round of sleigh bells
For the families awaiting Santa’s arrival at their local park
it’s a festive tradition that captures the true spirit of the season: community
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A former Geelong West butcher shop has been transformed into a clever home and office space thanks to the vision of Jack Chen and Hidy Wong
Newtown & Chilwell set up a finals rematch against rivals South Barwon
with the Eagles advancing to next Saturday’s preliminary final following a strong response against Geelong West
Catch up on this week's latest scores and AFL stories with ABC Sport.
A couple looking to relocate back to Geelong has secured a three-bedroom Californian bungalow that’s just right for their future plans
The character residence at 11 Eureka St was just within the search radius for the couple who had initially planned to curtail their search to the blue chip suburb of Newtown
Gartland Geelong agent Will Ainsworth said
which had been passed in at auction without a bid in May
midway through the $1m to $1.1m price guide
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Highton bungalow born from Montpellier Hotel goes glam
they grew up down here and so they are moving down and sort of putting roots down in the Geelong area,” Mr Ainsworth said
“They really only just started their search
but this one fit the bill and they thought
what’s the point of looking around anymore we can buy this and move in down the end of the year.”
Auctioneer Will Ainsworth placed a $1m bid for 11 Eureka St
before passing in the property without a bid from the street
Mr Ainsworth said although they wanted a Newtown address
they were happy to consider the right property in the block immediately north of Aberdeen St
“They want Newtown but they’d been looking around and this one was sitting on 536sqm with rear access
plus the fact that it’s liveable as is for the moment and then they can renovate down the track as opposed to what they’ve been looking at that’s either of fully renovated and too expensive or dilapidated
The Californian bungalow showcased high ceilings and decorative leadlight windows typical of the era
The main bedroom offered a peaceful retreat complete with a dressing room with a north-facing window seat and an ensuite
The main living area is a spacious area with French doors opening to a wraparound outdoor area
The separate kitchen has a built-in pantry and a Miele dishwasher
Mr Ainsworth said the addition of rear access to off-street parking meant the block didn’t waste space on a driveway
“They’ve got some builders throughout their family
So they come and had a look at it and gave it the tick of approval on the basis that it’s still in solid nick but cosmetically they can do an update down the track.”
Newtown auctionsPeter Farago
A young tradie has struck real estate gold in Geelong West after landing an old miner’s cottage in dire need of renovation
The three-bedroom house at 87 Weller St is located in a sweet spot in the popular inner city suburb
with the front gate to the property just 150 metres off the Pakington St shopping and cafe strip
The 287sq m property has offered for sale with a $545,000 to $595,000 price guide
but sold for $617,000 at Saturday’s auction
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Geelong agent Carl Hammond said five bidders had contested the auction for the property
all keen to unlock the hidden value in the old gem which CoreLogic records show last sold for $40,000 in 1989
with at least 80 people witnessing the auction
The traditional double fronted facade is laced with original wrought iron lacework
“A young tradie has bought it and he’s going to renovate it for resale,” Mr Hammond said
Mr Hammond said the home had clearly seen better days so was an ideal opportunity for a keen renovator or a blank canvas for a dream home
“There was a couple of people that were looking to renovate and extend for themselves and a couple that were looking to renovate and resell,” he said
The auction continues a string of sales to young people with trades under their belt of inner-city homes needing renovation
reflecting an air of confidence in the market
The position is close to Pakington St to enjoy the dining options and shopping without the street noise
“There is renewed interest in that type of property that has been a bit light on in the last few years,” Mr Hammond said
“Anything circling $600,000 is hard to find in Geelong West.”
The previous sale in the street, at 41 Weller St
The three-bedroom residence has been refreshed
with updates to the kitchen and bathroom in the freestanding house
PropTrack data shows the median house price has dropped almost 10 per cent in the past year
Meanwhile new owners are prepared to make a fresh start after snapping up an original period house near Newtown’s river end Pakington St shopping strip for $500,000
The two-bedroom house at 38 Russell St had seen better days
with Jellis Craig Geelong agent Marcus Falconer stating the 269sq m land component was where the true value lied
“It was two developers that were interested in it,” Mr Falconer said
New owners could activate the back yard at 38 Russell St
“It was probably in was really poor condition and that certainly limited the amount of people that have got the additional funds to make the extra reinvestment in it.”
But he said there were redeeming features for buyers seeking to build
is looking forward to a new start in Newtown and
will utilise it for her family,” Mr Falconer said
“I think they’ll basically utilise the facade and do a modern addition on the back
taking advantage of the depth of the block and the north-facing backyard.”
The property has a 5m frontage that widens to 7m at the rear
The location was certainly the prime feature of the property
which is a 10-minute walk to South Geelong train station
and only moments from the shopping precinct in Pakington St
Chilwell and St Roberts were the local primary schools
The chance to finally work together has seen two sisters put their own stamp on Geelong West’s much-loved Steampacket Foods
Geelong West Giants’ A graders were forced to find an extra gear on the way to their first win in the GDFNL in three years
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Rosemary Nugent empowers women to stand for council and helps the Geelong community where she can
She speaks with Jena Carr about what she loves about living in Geelong and her role with the Women in Local Democracy committee
After teaching in the country and travelling overseas
I returned to Geelong to teach and have remained here
Having vibrant and liveable cities is essential
and I would like to see a reduction in the car culture and an increase in the use of public transport
It would be nice to see an increase in the housing stock for the many people seeking affordable homes and a rejuvenation of suburbs to retain the town’s character
There should also be an emphasis on achieving a circular economy rather than continually adding to landfills and more people growing their own vegetables
More people connecting through neighbourhood houses and taking advantage of all they offer is also important
support for those impacted by family violence and a higher number of women candidates standing for council elections in October
Where is your favourite place to spend time
I also like growing veggies at the Geelong West Community Garden
What is something people may not know about you
My father was a hotel licensee and a non-drinker
What do you like most about your role with the WILD committee
Women in Local Democracy (WILD) is committed to achieving equity
diversity and active citizenship across the region
I have met enthusiastic and progressive women through WILD and hope many succeed in standing for council
They will help to ensure Geelong’s council is more democratic and representative of the community it serves
Is there anything else you would like to add
but it is important to take time to connect with others and to try to be active
We should also strive to be considerate of others
we need to think outwardly and consider the plight of refugees who have fled persecution
wanting to be settled in a safe country where they can contribute to society
red tape and unfair policies prevent them from doing so
Our close neighbours in Timor-Leste also want and deserve our ongoing friendship and support
Home prices could surge almost $14,000 in some Geelong suburbs if history repeats when the Reserve Bank next cuts interest rates
New analysis from Ray White shows every suburb recorded an uptick within four weeks of the past three reduction cycles
excluding emergency cuts during the pandemic
The figures point to premium coastal and inner ring Geelong suburbs notching the biggest boost when rates start to fall again
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goes to auction on Saturday with $950,000 to $1.045m price hopes
with the holiday town’s $1.526m median house price tipped to rise by $13,712 or 0.9 per cent
Torquay and Ocean Grove would see a similar percentage gains if history repeats
The trend could add $10,399 to Newtown’s $1.176m median price
while house prices in Geelong West could rise almost $7000
Economists of have brought forward interest rate cut predictions
with many now expecting the Reserve Bank to lower the official 4.35 per cent cash rate as early as February next year
Geelong director David Cortous said the Geelong market would respond well to a downward move
Geelong agent David Cortous says investors are already returning
suggesting Geelong’s market has hit the bottom
“Obviously the impact that it’s had on our property market when they moved up has been quite substantial for regional Victoria
cost of living and increased taxes under the Andrews Government
all three have impacted property prices in Victoria,” Mr Cortous said
“I think the only thing that would stimulate the market are interest rate cuts and I would foresee that we will see a lot more buoyant market once we get a couple of cuts
“It gives people confidence and it gives people more borrowing power.”
He said the return of investors and first-home buyers in Geelong in recent months signalled prices may have bottomed out
“When you see that it’s another identifier of the market probably being at the bottom because you have got investors seeing value,” he said
“Once any product shows value that is where people are and there’s plenty of value in the market at the moment and buyers are acting on that.”
Ray White Group chief economist Nerida Conisbee thinks we’ll see a rate cut by March at the latest
Ray White chief economist Nerida Conisbee said the impact from the next rate cut could be even bigger than history dictated in some areas
Ms Conisbee said Melbourne and Sydney were the most sensitive cities in the nation to rate cuts due to high house prices and would broadly see the biggest response
Another key to the rate cut’s impact on home values would be in how the Reserve Bank announced it
“If most people are expecting four cuts next year
that will change sentiment to be far more positive,” Ms Conisbee said
The economist said she believed there would be a rate cut this year or by March at the latest
but that it would only be a 0.25 per cent improvement for mortgage holders
could be the biggest winner if historical trends are anything to go by
Geelong director Nick Lord said that would likely be enough to boost Geelong’s property market
despite it traditionally taking three consecutive rate cuts or rises to change momentum
given that we have had such a long wait for a decline in interest rates and people’s focus and keenness to enter the market
I think will see a higher surge of buyers into the market than historically we would off one interest rate rise.”
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