Buyer inquiry surges up to 85 per cent in Geelong property hotspots

1 day ago 4

This three-bedroom house at 9 Adair Court, Marshall, recently sold for $635,000. Demand has soared in dozens of suburbs across Geelong, with new data challenging assumptions that buyers are retreating across the board. Realestate.com.au analysis reveals hotspots which have seen the largest increase in househunter inquiries per listing over the past 12 months. A search for affordability appears to be behind the spike across mostly cheaper Geelong suburbs. RELATED: Geelong West home sells for $350k loss Where Geelong homes are selling faster than a year ago Swish golf course ‘bunker’ home lands $2.73m sale Buyer inquiries in Marshall surged 85 per cent per house year-on-year and 66 per cent in neighbouring Grovedale. Indented Head, St Albans Park, Newcomb, Rippleside and South Geelong also all experienced rises of 50 per cent or more. For units, Armstrong Creek topped the table with a 154 per cent increase in inquiries per listing, closely followed by Herne Hill. Hayeswinckle, Highton agent Rachael Taylor said with limited stock currently available in Marshall there had been a “fair increase” in the amount of traffic per property. But it remains to be seen if this will translate into...

Read Entire Article