Geelong and Surrounds: Invest and create an Attraction Portfolio
Geelong Real Estate Portfolio
July 13, 2021
If you want to enhance or grow your real estate portfolio in Geelong, here is your answer. Invest in the top suburbs and land surrounding Geelong. We will provide you with five suburbs in Greater Geelong that are guaranteed to retain strong real estate value. Not only do we have a list of suburbs for you, but we offer valuable insight into each suburb, such as:
Median price points
As a result, you’ll walk away knowing the best suburbs to invest in and the reasons why. But how are you going to find property in Geelong? What real estate platform will you use? Unfortunately, if you’re not taking advantage of a good trusted real estate agent advise, you’re losing out on mass opportunities. In fact, MacKenzie Lane offers exclusive listings that match your exact criteria. Here are the benefits of using a Local Real Estate Agent:
Less buyer competition
Immediate listing updates
“You will be notified immediately by email the moment a matching property is live on our site. As soon as you receive the email, enquire right away. Get in before everyone else!” You may be wondering, “how can they offer exclusive deals?”
Well, our secret is off-market and pre-market listings. Simply put, an off-market listing is a listing of property or land that does not use public advertising. A pre-market listing is a listing that hasn’t been publicly advertised yet. “MacKenzie Lane is one of Australia’s leading Real Estate Agency for pre-market and off-market properties where you get VIP access to just listed properties. Get first dibs before they’re available to everyone else on the major real estate websites. With our association with eXp Australia, your opportunities are just endless, where we can refer you to one of our 55,000 eXp Agents across 16 countries"
So, if you want to enhance your Geelong real estate portfolio, use a Trusted, Innovative and Connected Local Real Estate Agent to find properties within the top suburbs. That said, what are the top suburbs in Greater Geelong? Invest in the Top Surrounding Suburbs of Geelong to Grow Your Portfolio
While there are a number of owner-occupied properties in Geelong, real estate investing in Geelong has become increasingly popular. In fact, Geelong offers more affordable housing, land, and property prices in contrast to Victoria’s capital, Melbourne, which is driving more and more people to Geelong. With that said, if you want to grow or enhance your Geelong real estate portfolio, consider buying land or real estate in on-the-rise Greater Geelong suburbs such as:
Ready for a mind-blowing statistic? The average price point for real estate in Barwon Heads has increased 812.6% in the last 25 years. And because of its increased popularity from Melbourne families, Barwon Heads has become a hotspot for locals and tourists alike. As a result, the median house price climbed up to $940,000 within the last couple of years and Barwon Heads is one of the most expensive places to live in Greater Geelong and the Bellarine Peninsula.
Geelong is the official suburb within this city. The Central Business District is located here and it’s the cultural hub for the region. Some of the experiences offered here are:
Depending on where you come from, you might call the actual city of Geelong the Geelong Centre, Central Geelong, or Geelong CBD. But if you’re a local, you’d just say you’re headed into town. So, what’s the average price of property here? More recently, the average value was $735,000. Leading up to this price point, Geelong saw a constant 8.5% increase over the last 25 years. At the same time, Geelong experienced a 20% increase in capital value alone.
Of all the suburbs on this list, Manifold Heights has achieved the steadiest and most consistent increase in value through the years. In fact, the average price point for a home in Manifold Heights was $99,750 in 1993. Fast forward over 20 years and the price point is above $720,000. Simply put, Manifold Heights experienced a dramatic increase in price. More specifically, an average climb of 8.1% each year. But what makes Manifold Heights an even better choice for your real estate portfolio? This suburb does not provide a high growth volatility rate that other surrounding suburbs do. In fact, CoreLogic research shows that for the past 10 years, Manifold Heights has been the fastest-growing suburb in Geelong and has experienced a 17.3% capital growth during that time.
A few years ago, North Geelong saw a tremendous 23.6% increase in the value price of property, bumping the median price range for land and real estate up to $418,000. The Geelong Golf Club offers investment opportunities to homebuyers with their high-end real estate properties. And at the same time, due to the increased interest of North Geelong, older and more traditional homes are sought after as well. “North Geelong used to be more of a working class suburb, but that is definitely changing because of the affordability aspect,” – Nathan Ashton of Gartland Property said. “People are seeing really good value in buying, investing and in developing and renovating.“ As a result, the average price of property keeps rising. In fact, the median price point for real estate in North Geelong is projected to be at $540,000 in a couple of years. Bonus: If you want to learn about how to access pre-market and off-market properties in Geelong, Listing Loop has got you covered.
Geelong West is ranked in second place (behind Barwon Heads) for Greater Geelong’s highest performing suburb in the past 25 years. It’s an essential area for both residential and commercial suburbs with constant growth (a yearly 9.4% increase) in the past 10 years. And the fact that Geelong West offers real estate for $65,000 less than the city of Geelong, makes it extremely affordable for investors. Currently, landlords are able to charge $370 a week in rent.
Armstrong Creek & Mount Duneed
Armstrong Creek and Mount Duneed has made it's popularity for it's location and proximity to the City of Geelong one of Greater Geelong’s up and coming suburbs that has performed extremely well over the last few years since inception. It’s an essential area for both residential and lifestyle suburbs with constant growth and an attractive investment opportunities in the past 3 years. And the fact that Armstrong Creek and Mount Duneed offers real investment growth from $550,000 and proximity to the Surf Coast and Bellarine Peninsula makes it extremely affordable for investors.
Currently, landlords are able to charge $500+ a week in rent. Development in the area has been phenomenal and affordable. Amenities and infrastructure are being built to cater for the expected growth in population. Currently, Armstrong Creek Town Centre have projects that can only be realised with land availability.
Schools are also plentiful to cater for the demand and expected growth in the area with new Primary and Secondary schools being built in stages.
MACKENZIE LANE Real Estate Can Enhance or Grow Your Real Estate Portfolio in Geelong If you invest in the top Greater City of Geelong suburbs, you’ll have real estate property that’s projected to experience growth in years to come. Moreover, an investment in Geelong will bring you financial return and valuable property assets.
But you need a Local and Trusted Agents to get you there. “At MacKenzie Lane we do the work for you. There’s no need to lose out on properties. We will search for properties for you every day. When there’s a new pre-market or off-market property that matches your specific needs, we alert you in real time. Get your dream home before someone else does!” If you just rely on the mainstream and other real estate websites, you’ll be wasting your:
Remember, we offer exclusive real estate listings for your specific requirements. And we offer a Bespoke and Boutique Experience with instant alerts whenever new listings are made. “You can sign up to our Newsletter from our homepage at www.mackenzielane.com.au and follow the simple prompts to specify what you’re looking for.
Alternatively, an agent may personally contact you to better assess your needs by sending you an email or SMS. When you accept the invitation, that agent becomes your Agent Assist, your go-to free agent resource. You can also receive a FREE Property Price Report by filling out our online form. Sign up takes approximately one minute.”