Geelong Real Estate Market Update: July 2024
Boost Your Home's Value with Simple Add-Ons
As winter chills grip Australia, many homeowners are discovering the value of investing in home insulation. Demand for roof insulation has surged by 60% since last winter, while floor insulation inquiries are up 24%, and heater-related jobs have risen by 20%. Ensuring your home stays warm not only enhances comfort but also increases its market appeal. Area Specialist agents highlight that proper insulation, sealing gaps around windows and doors, and upgrading heating systems are key steps to improving your home's sellability.
Geelong's Growing Suburbs: Hotspots for Young Buyers
Geelong's middle-ring suburbs, including Hamlyn Heights, Drysdale, and Bell Park, are emerging as top choices for young buyers. New data from the Real Estate Institute of Victoria (REIV) shows that these areas have seen steady price growth, making them attractive options for first-time buyers. Despite the overall market stability, suburbs like Point Lonsdale and Charlemont have experienced price drops, presenting opportunities for savvy investors. The current buyer's market, coupled with stable interest rates, offers an ideal environment for homebuyers looking for value and potential.
Geelong: A Vibrant Alternative to Melbourne
Geelong's transformation into a dynamic, culturally rich city is attracting more buyers, especially first-home buyers. With a thriving dining scene, bustling arts community, and beautiful coastal location, Geelong offers an appealing alternative to Melbourne. The city's growth has been bolstered by an influx of new businesses and infrastructure, leading to a 25-30% rise in property prices over the past four years. However, ample stock and reduced competition make now a great time to purchase a home in Geelong.
At Area Specialist Geelong City, we are committed to helping you navigate the evolving real estate landscape. Whether you're looking to invest in insulation upgrades to boost your home's value or explore the thriving suburbs of Geelong, our expertise and dedication ensure you make the most informed decisions. Embrace the opportunities that Geelong's dynamic growth presents and let us guide you through your real estate journey. Contact us today to learn more about how we can assist you in achieving your property goals.