THE year of the regional city doesn’t have much of a ring to it, but real estate experts say 2018 could be it for places like Geelong.
The boom in construction in the region, coupled with strong population growth and relatively affordable house prices means Geelong is one of the strongest property markets in Victoria at the moment. Hotspotting founder Terry Ryder said while sales activity had peaked in Melbourne and growth in median house prices was expected to fall away in 2018, Geelong’s market was “going gangbusters”. Greater Geelong’s median house price has climbed more than 10 per cent in a year, to $460,000 according to CoreLogic, with double digit capital growth recorded in 27 suburbs. Click here to read full article