Geelong suburbs the place consumers most wish to splash out

A beachside mecca is the most well-liked place for folks trying to find a house within the area, as the highest suburbs reveals life-style, place and household wants are high priorities for consumers.

Torquay topped Geelong’s 10 most searched suburbs on realestate.com.au, underlining the continued reputation with coastal residing.

McCartney, Torquay agent Tim Carson mentioned the city’s proximity to high quality education and different family-friendly facilities had elevated its reputation with homebuyers.

Torquay is certainly one of two areas the place median dwelling values are above $1m on the checklist, however declining costs had opened the door to extra folks to affix the exodus to the coast.

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GEELONG’S MOST-SEARCHED SUBURBS

Supply: PropTrack. Median dwelling worth combines homes and items.

The city’s $1.2m median home worth declined 2.2 per cent final 12 months as greater than 250 properties modified palms in 2024, in response to PropTrack information.

Mr Carson mentioned Torquay’s reasonably priced bracket is beneath $900,000, although most properties are priced between $1m and $1.5m, with the top-end wherever as much as and over $6m.

“Costs have come again a bit with a variety of buyers cashing out of the market,” Mr Carson mentioned.

“However there may be nonetheless lots of people trying to transfer for the approach to life and education.”Christian Faculty has opened a campus at Torquay, whereas the co-educational Iona Faculty has elevated the power for folks to dwell on the coast and be shut to personal education.

Geelong’s consumers advocate Tony Slack mentioned education and comfort had been the 2 most vital components, exterior of price range, driving the place consumers had been on the lookout for properties.

“Funds determines the place you reside, after which it’s education with households and with others, whether or not it’s downsizes or first-time consumers or younger professionals, older professionals, folks with no children, it’s comfort – buying strips,” he mentioned.

The composition of the area’s 10 most-searched suburbs underlines that the market power and recognition of Geelong suburbs is increasing from the blue-chip interior circle to a block of suburbs south of the Barwon River.

Hayeswinckle director Michelle Winckle mentioned suburbs reminiscent of Highton, Belmont and Grovedale provided consumers extra worth for cash amid a flatter property market.

“Grovedale’s actually soared over the previous few years. It’s stabilised a bit in the intervening time, however a variety of out-of-towners had been shopping for up in Grovedale in the midst of Covid as a result of they noticed how shut it was to the Waurn Ponds retailers and the coast,” Ms Winckle mentioned.

“Grovedale has now turn out to be extra of an interior metropolis suburb of Geelong the extra Armstrong Creek and Warralily have expanded out. And you’ll typically get a a lot greater dwelling for the value in Grovedale than you may perhaps in suburbs like Belmont and Highton.”

Latest worth fluctuations additionally opened the door to consumers in Highton.

“Folks can see that in Highton that you simply’re getting greater properties, most likely nearer to the river, for a greater worth worth than they had been getting a number of years in the past as a result of the market has stabilised,” Ms Winckle mentioned.

“As a result of it’s extra plateaued, it’s extra reasonably priced to purchase in Highton than you most likely may in Covid.”

Ms Winckle mentioned Highton’s major colleges zones had been a drawcard, whereas the Belmont Excessive Faculty zone was at all times a winner as first-home consumers and people who find themselves upsizing had been the most important teams lively within the space.

Highton, central Geelong and Belmont rounded out the highest 5 with Ocean Grove.

Geelong West, Lara, East Geelong, Barwon Heads and Grovedale made up the subsequent 5.

The draw to Geelong West is apparent to many with the entry to town centre, waterfront, practice stations and vibrant Pakington St buying, cafe and restaurant strip.

However Gartland, Geelong agent Will Ainsworth mentioned East Geelong has it’s personal followers and detractors, particularly within the golden triangle past the Backyard St buying village.

“Each time we promote one thing alongside there, they simply, they simply at all times get a lot curiosity from folks, even folks that aren’t essentially East Geelong-centric,” he mentioned.

East Geelong is extra tightly held than different suburbs, with two homes promoting in Geelong West for each one in East Geelong for instance, in response to PropTrack information.

“Some folks don’t wish to be on that facet (of the CBD), as a result of they’ve acquired to – and that is Geelong for you – undergo city to get onto the freeway,” Mr Ainsworth mentioned.

“There doesn’t look like as a lot so far as buying facilities over there. I do know with supermarkets, you’ve acquired Newcomb buying centres or it’s a must to go into city. Nevertheless it makes up for it with the broader, tree-lined streets, the gardens, the waterfront. So it’s asking what’s your precedence, what bins do you want ticked first?”