Geelong Real Estate

Geelong Real Number Estate, concerns and vacant land for development goes on to increase in demand as this popular 'city by the bay' emerges from its 1930's industrial cocoon into an low-cost and well serviced coastal metropolis with impressive foreshore developments, parks and is a gateway to the internationally acclaimed Great Ocean Road.

The state working capital of Melbourne is an easy commute only an hr away via either the Princes Highway or railway. The recently redeveloped Avalon airdrome is just 15 proceedings from cardinal Geelong and supplies flights to many Australian, and some international destinations. Geelong is the 2nd greatest metropolis in Queen Victoria and the 12th biggest metropolis in Australia.

Geelong is a alone topographic point to dwell with a blend of brow mansions, Victorian classics, modern apartments, quiet streets and a arresting foreshore promenade. The metropolis goes on to redefine itself as a modern and modern-day option to Melbourne with restaurants, bars, coffeehouses and shopping strips as well as its ain university and hospital. All whilst enjoying the laid back life style Geelong have to offer. Geelong have got also provided a conveniently located 'sea change' finish for many Melburnians who have relocated the short distance to Geelong and some of the arterial towns of Queenscliff, Torquay and Phoebus Bay.

At the clip of authorship (February 2008) place terms in Geelong get around $90,000 - $150,000 for a 1 and two sleeping room unit of measurement in countries such as as Belmont, Breakwater, Whittington and Grovedale. Three sleeping room ex-housing committee places on modest allocations of 600 sqm start at about $150,000 in the cheaper Geelong suburbias of Norlane and Corio. New, modern and fully optioned places in countries such as as as Clifton Springs and Waurn Ponds and bigger older brick places can be establish in bay side towns such as Portarlington, St Leonards and Indented Head at around $450,000.

For around $800,000 you can anticipate a Federation style place overlooking Geelong metropolis and Corio Bay. In the twelve calendar months to 31st January 2008 median value house terms in Geelong increased 11.8% to $348,800 with 47% of those listed for auction bridge sold on the day. Similarly across the Geelong part terms increased 11.1% to $278,250. The sole suburbia of Newtown saw average terms rise 12.1% to $390,000