John McGrath singles out waterfront pockets as top suburbs to watch

The dog-friendly beach at North Shore overlooks the Spirit of Tasmania’s Corio Bay shipping lanes and Geelong’s CBD. One of Geelong’s most underrated waterfront suburbs is gaining rare national attention. North Shore, a small beachside suburb on Corio Bay, is among John McGrath’s regional Victorian markets set for growth in the year ahead, revealed in the annual McGrath Report released on Saturday. Mr McGrath said the suburb is on the up as it undergoes a quiet transformation. “The Spirit of Tasmania terminal opened in 2022 and has acted as a catalyst for investment including the beachside Moorpanyal Park foreshore upgrade,” Mr McGrath said. RELATED: Global beer boss lists $3.2m Surf Coast home Geelong home snapped up for health hub Landmark Geelong CBD site hits market for $7m+ “With a median house price of $770,000, buyers can secure a coastal lifestyle at a more accessible price point, with proximity to the port and employment areas, while benefiting from Geelong’s continued growth.” This makes North Shore a popular choice for first-home buyers and investors, Mr McGrath said. North Shore is a tightly-held pocket in Geelong’s north with about 190 homes. The residential enclave is...