autumn 2018 geelong area property values report€¦ · buxton property values reportautumn 2018...
TRANSCRIPT
Bell Park, Bell Post Hill, Belmont, Breakwater, Corio, Drumcondra, Geelong, Geelong East,
Geelong South, Geelong West, Grovedale, Hamlyn Heights, Herne Hill, Highton, Lara, Leopold,
Lovely Banks, Manifold Heights, Moolap, Newcomb, Newtown, Norlane, North Geelong, North
Shore, Rippleside, St Albans Park, Thomson, Wandana Heights, Waurn Ponds and Whittington.
Autumn 2018 Geelong Area Property Values Report
Buxton Property Values Report Autumn 2018Buxton Property Values Report Autumn 2018
Jul-
Sep
20
14
Oct
-De
c 2
014
Jan
-Mar
20
15
Ap
r-Ju
n 2
015
Jul-
Sep
20
15
Oct
-De
c 2
015
Jan
-Mar
20
16
Ap
r-Ju
n 2
016
Jul-
Sep
20
16
Oct
-De
c 2
016
Jul-
Sep
20
17
Oct
-De
c 2
017
Jan
-Mar
20
17
Ap
r-Ju
n 2
017
50%
55%
65%
60%
70%
75%
80%
85%
Auction Clearance Rate % in Buxton’s 140+ Suburbs
* Property Analytics (www.propertyanalytics.com.au) provides independent statistical information to real estate professionals throughout Victoria and New South Wales.
Welcome to the Autumn edition
of our Property Values Report, a
summary of property sales and
related information, delivered to
you exclusively by Buxton. We are
committed to providing our
clients with accurate, credible,
relevant market information and
have worked in partnership with
independent real estate data
specialists Property Analytics* to
develop this report. The statistics
within are designed to give you a
deeper understanding of how the
residential real estate market is
performing across Melbourne,
in this region and within your
specific neighbourhood.
75%is the average % Auction Clearance Rate over the last 3 years in
Buxton Suburbs(Source: REIV)
-4.3%is the amount Investor Lending Commitments have decreased in the 2nd half of 2017 v 2nd half of 2016.
(Source: Corelogic)
46 daysis the average time it takes to sell a property
in Regional Victoria
(Source: Source: REIV)
17 months
since the RBA has changed Interest
Rates(Source: RBA)
A more balanced market. Property prices across Melbourne and Regional
Victoria have increased dramatically since the current growth cycle began
about 5 years ago. We’ve written previously about some of the drivers behind
this growth: record low interest rates, investor demand (domestic and
international) and significant population migration from interstate and overseas.
All of these 3 main growth drivers still exist, but we’re likely to see growth
moderate in 2018 for a few key reasons.
Firstly, annual double digit percentage rises can only be sustained for so
long. Residential real estate performs in cycles similar to other sectors
within the economy. Usually prices go up, sometimes they’re flat and
occasionally they fall. Many economists believe peak growth is behind us
primarily for cyclical reasons (though very few predict price falls over the
next two years).
Secondly, under the direction of APRA (The Australian Prudential Regulation
Authority) Australian banks have introduced a variety of measures in recent
times designed to curb real estate price growth. Higher mortgage rates for
investors versus home occupiers, limited interest-only lending options
which are favoured primarily by investors, stricter loan-to-value ratios and
greater scrutiny of living expenses and borrowing capacities.
Thirdly, it’s become more difficult for foreign purchasers as many banks
refuse to recognise overseas income - even from Australian citizens,
new taxes and regulations have been introduced that specifically target
non-Australian buyers, illegal ownership is being policed more diligently
(e.g. non-permanent residents need to sell once they leave Australia)
and it’s become increasingly difficult for Chinese buyers to extract funds
from overseas.
It appears that the above forces may have started to impact on the
Melbourne real estate market.
Buxton operates in 140 plus suburbs across Victoria. While the October -
December 2017 median house price in our areas was up 14% compared to
the same quarter in 2016 (a great result for home owners!), the Auction
Clearance Rate was 6% lower than the 3-year average of 76%. Now, the last
quarter of the year is always a big selling period – with so many more
properties listed for sale, demand from buyers tends to be diluted, leading
to higher pass-in rates – but it’s the trend that is important. The 70%
Auction Clearance Rate to finish 2017 was 9% lower than seen in the same
quarter of 2016, and it’s been trending down in every quarter since. This
aligns to what many of us are seeing at open for inspections and auctions –
slightly less numbers.
Moving into 2018, some of the key building blocks remain for further price
growth. While we certainly don’t expect price falls, we do anticipate a flatter
market characterised by a greater balance between demand and supply. In
these conditions it’s more important than ever to select knowledgeable,
local area experts to represent you in selling your home.
Buxton Property Values Report Autumn 2018
Geelong East and local neighbourhood property values
Buxton has divided the map on this page into 10 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, 2017.
*Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes.
About median valuesThe median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That’s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest.
Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given.
Pri
nces
Hig
hway
Clif
ton
Ave
Carr St
Carr St
Bou
ndar
y R
d
Gar
den
St
Portarlington Rd
Latr
ob
e Te
rrac
e
1
2
3
5
6
7
8
9
10
4
Houses: 2017
1 - Breakwater 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 18 1 19
Median $331,000 $400,000 $332,000
Highest $435,000 $400,000 $435,000
Median 3 yr % change 24 N/A* 24
2 - East Geelong 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 66 17 83
Median $570,000 $760,000 $602,000
Highest $930,000 $951,000 $951,000
Median 3 yr % change 34 17 42
3 - Geelong 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 57 21 78
Median $690,000 $962,500 $742,500
Highest $1,750,000 $1,875,000 $1,875,000
Median 3 yr % change 25 25 24
4 - Leopold 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 124 94 218
Median $415,000 $482,500 $441,000
Highest $880,000 $1,590,000 $1,590,000
Median 3 yr % change 18 16 20
5 - Moolap 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 4 6 10
Median $655,000 $637,500 $620,000
Highest $870,000 $796,000 $870,000
Median 3 yr % change 41* -9* 33*
Houses: 2017
6 - Newcomb 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 75 5 80
Median $359,250 $530,000 $365,000
Highest $720,000 $562,000 $720,000
Median 3 yr % change 23 53* 24
7 - South Geelong 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 11 N/A 11
Median $640,000 N/A $640,000
Highest $720,000 N/A $720,000
Median 3 yr % change 47* N/A* 46*
8 - St Albans Park 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 55 21 76
Median $361,500 $499,000 $377,000
Highest $495,000 $775,000 $775,000
Median 3 yr % change 14 25 16
9 - Thomson 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 25 N/A 25
Median $355,000 N/A $355,000
Highest $660,000 N/A $660,000
Median 3 yr % change 25 N/A* 25
10 - Whittington 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 49 10 59
Median $313,400 $312,000 $313,400
Highest $471,000 $498,000 $498,000
Median 3 yr % change 21 -3 13
Units / Townhouses: 2017
6 - Newcomb 1-2 Bedroom 3+ Bedroom All Units
Number Sold 25 12 37
Median $282,500 $345,000 $295,500
Highest $355,000 $560,000 $560,000
Median 3 yr % change 22 13* 4
7 - South Geelong 1-2 Bedroom 3+ Bedroom All Units
Number Sold 5 2 7
Median $315,000 $645,000 $315,000
Highest $342,000 $645,000 $645,000
Median 3 yr % change 12* 3* -25*
8 - St Albans Park 1-2 Bedroom 3+ Bedroom All Units
Number Sold 11 2 13
Median $258,000 $327,500 $259,000
Highest $320,000 $395,000 $395,000
Median 3 yr % change 2* 46* 3*
9 - Thomson 1-2 Bedroom 3+ Bedroom All Units
Number Sold 3 4 7
Median $322,000 $361,250 $348,500
Highest $368,000 $490,000 $490,000
Median 3 yr % change 4* 10* 9*
10 - Whittington 1-2 Bedroom 3+ Bedroom All Units
Number Sold 23 8 31
Median $212,750 $260,600 $216,500
Highest $295,000 $338,000 $338,000
Median 3 yr % change 11 -2* 6
Units / Townhouses: 2017
1 - Breakwater 1-2 Bedroom 3+ Bedroom All Units
Number Sold 3 3 6
Median $300,000 $329,000 $317,500
Highest $310,000 $360,000 $360,000
Median 3 yr % change 6* 6* 8*
2 - East Geelong 1-2 Bedroom 3+ Bedroom All Units
Number Sold 8 4 12
Median $350,000 $313,050 $330,050
Highest $495,000 $662,000 $662,000
Median 3 yr % change 17* -35* 1*
3 - Geelong 1-2 Bedroom 3+ Bedroom All Units
Number Sold 40 17 57
Median $445,000 $760,000 $507,500
Highest $1,170,000 $2,165,000 $2,165,000
Median 3 yr % change -1 21 7
4 - Leopold 1-2 Bedroom 3+ Bedroom All Units
Number Sold 20 5 25
Median $297,250 $365,000 $297,500
Highest $375,000 $400,000 $400,000
Median 3 yr % change 3 15* 1
5 - Moolap 1-2 Bedroom 3+ Bedroom All Units
Number Sold 1 1 2
Median $265,000 N/A $265,000
Highest $265,000 N/A $265,000
Median 3 yr % change 7* N/A* 7*
Buxton Property Values Report Autumn 2018
Pri
nces
Hig
hway
Bar
war
re R
d
Boundary Rd
Barrabool Rd
Ro
ssac
k D
rive
Princes H
ighway
1
2
3
5
6
4
Buxton has divided the map on this page into 6 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, 2017.
Highton and local neighbourhood property values
About median values
The median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That’s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest.
Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given.
*Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes.
Houses: 2017
1 - Belmont 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 240 61 301
Median $466,000 $580,000 $487,000
Highest $787,000 $1,007,000 $1,007,000
Median 3 yr % change 21 21 23
2 - Grovedale 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 165 70 235
Median $407,789 $480,000 $425,000
Highest $610,000 $665,000 $665,000
Median 3 yr % change 16 15 15
3 - Highton 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 152 182 334
Median $550,000 $700,000 $626,000
Highest $885,000 $2,150,000 $2,150,000
Median 3 yr % change 24 22 24
4 - Marshall 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 23 12 35
Median $417,500 $430,000 $425,000
Highest $615,000 $499,000 $615,000
Median 3 yr % change 12 13* 13
5 - Wandana Heights 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 10 19 29
Median $590,500 $699,000 $665,000
Highest $790,000 $1,120,000 $1,120,000
Median 3 yr % change 14* 15 12
6 - Waurn Ponds 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 28 26 54
Median $486,000 $580,000 $534,000
Highest $770,000 $1,800,000 $1,800,000
Median 3 yr % change 12 7 9
Units / Townhouses: 2017
1 - Belmont 1-2 Bedroom 3+ Bedroom All Units
Number Sold 79 32 111
Median $300,000 $510,000 $348,000
Highest $850,000 $660,000 $850,000
Median 3 yr % change 3 27 10
2 - Grovedale 1-2 Bedroom 3+ Bedroom All Units
Number Sold 27 12 39
Median $310,000 $395,000 $330,000
Highest $400,000 $971,000 $971,000
Median 3 yr % change 19 23* 22
3 - Highton 1-2 Bedroom 3+ Bedroom All Units
Number Sold 55 18 73
Median $327,000 $447,500 $339,500
Highest $475,000 $720,000 $720,000
Median 3 yr % change 3 8 0
4 - Marshall 1-2 Bedroom 3+ Bedroom All Units
Number Sold 7 5 12
Median $320,000 $358,750 $332,000
Highest $335,000 $390,000 $390,000
Median 3 yr % change 7* 8* 5*
5 - Wandana Heights 1-2 Bedroom 3+ Bedroom All Units
Number Sold 2 1 3
Median $290,000 $560,000 $395,000
Highest $395,000 $560,000 $560,000
Median 3 yr % change 19* 44* 11*
6 - Waurn Ponds 1-2 Bedroom 3+ Bedroom All Units
Number Sold 2 1 3
Median $297,500 $435,000 $320,000
Highest $320,000 $435,000 $435,000
Median 3 yr % change -14* 18* -8*
Buxton Property Values Report Autumn 2018
Newtown and local neighbourhood property valuesBuxton has divided the map on this page into 7 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, 2017.
About median values
The median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That’s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest.
Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given.
Aberdeen St
Church St
Ballarat R
d
Sha
nno
n A
ve
Latr
ob
e Te
rrac
e
Autumn St
1
2
3
5
6
7
4
*Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes.*Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes.
Houses: 2017
1 - Drumcondra 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 4 3 7
Median $832,000 $1,096,000 $900,000
Highest $885,000 $1,275,000 $1,275,000
Median 3 yr % change 11* -6* 10*
2 - Geelong West 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 102 41 143
Median $600,000 $852,000 $650,000
Highest $1,060,000 $1,361,000 $1,361,000
Median 3 yr % change 28 42 34
3 - Hamlyn Heights 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 100 31 131
Median $469,000 $578,250 $495,000
Highest $745,000 $776,000 $776,000
Median 3 yr % change 30 20 31
4 - Herne Hill 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 64 12 76
Median $481,250 $528,750 $486,250
Highest $757,000 $711,000 $757,000
Median 3 yr % change 35 34* 32
5 - Manifold Heights 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 23 14 37
Median $755,000 $980,000 $769,250
Highest $1,640,000 $1,925,000 $1,925,000
Median 3 yr % change 65* 658 57
6 - Newtown 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 113 87 200
Median $636,000 $893,000 $740,000
Highest $2,080,000 $2,850,000 $2,850,000
Median 3 yr % change 16 4 16
7 - Rippleside 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 12 4 16
Median $567,500 $1,400,000 $618,000
Highest $775,000 $2,240,000 $2,240,000
Median 3 yr % change -6* 82* 2
Units / Townhouses: 2017
1 - Drumcondra 1-2 Bedroom 3+ Bedroom All Units
Number Sold 1 N/A 1
Median $520,000 N/A $520,000
Highest $520,000 N/A $520,000
Median 3 yr % change 77* N/A* -52*
2 - Geelong West 1-2 Bedroom 3+ Bedroom All Units
Number Sold 29 14 43
Median $332,500 $570,000 $426,035
Highest $600,000 $700,000 $700,000
Median 3 yr % change 15 16* 13
3 - Hamlyn Heights 1-2 Bedroom 3+ Bedroom All Units
Number Sold 9 11 20
Median $328,000 $419,000 $387,500
Highest $410,000 $526,000 $526,000
Median 3 yr % change 36* 7* 19
4 - Herne Hill 1-2 Bedroom 3+ Bedroom All Units
Number Sold 22 5 27
Median $245,000 $500,000 $257,500
Highest $379,000 $600,000 $600,000
Median 3 yr % change 14 20* 20
5 - Manifold Heights 1-2 Bedroom 3+ Bedroom All Units
Number Sold 12 5 17
Median $332,000 $585,000 $335,000
Highest $515,000 $740,000 $740,000
Median 3 yr % change 35* 14* 18
6 - Newtown 1-2 Bedroom 3+ Bedroom All Units
Number Sold 36 25 61
Median $348,500 $600,000 $405,000
Highest $573,500 $1,400,000 $1,400,000
Median 3 yr % change 19 10 7
7 - Rippleside 1-2 Bedroom 3+ Bedroom All Units
Number Sold 2 5 7
Median $1,100,000 $1,050,000 $1,100,000
Highest $1,100,000 $1,050,000 $1,100,000
Median 3 yr % change 172* 65* 150*
Buxton Property Values Report Autumn 2018
Geelong North and local neighbourhood property values
Buxton has divided the map on this page into 9 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, 2017.
*Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes.
About median values
The median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That’s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest.
Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given.
Pri
nces
Fw
y
Princes Fwy
Prince
s Hw
y
Pri
nces
Hw
y
Ballarat Rd
Mel
bo
urne
Rd
Tho
mp
son
Rd
Ana
kie
Rd
P
rinc
ess
Rd
Cox Rd
Plantation Rd
Sta
tio
n S
t
Bac
chus
Mar
sh R
d
1
2
35
6
7
8
9
4
Houses: 2017
1 - Bell Park 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 81 31 112
Median $385,000 $536,250 $410,000
Highest $765,000 $775,000 $775,000
Median 3 yr % change 18 32 21
2 - Bell Post Hill 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 60 23 83
Median $425,000 $482,400 $431,500
Highest $610,000 $845,000 $845,000
Median 3 yr % change 28 18 24
3 - Corio Central 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 84 10 94
Median $292,750 $333,500 $299,000
Highest $400,000 $390,000 $400,000
Median 3 yr % change 29 16* 30
4 - Corio East 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 125 12 137
Median $287,500 $375,000 $290,000
Highest $415,000 $452,000 $452,000
Median 3 yr % change 28 7* 27
5 - Corio West 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 70 10 80
Median $320,000 $390,000 $325,000
Highest $432,000 $460,000 $460,000
Median 3 yr % change 14 29* 16
6 - Lovely Banks 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 10 3 13
Median $445,000 $475,123 $452,500
Highest $590,000 $496,000 $590,000
Median 3 yr % change 23* 11* 18*
7 - Norlane 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 101 9 110
Median $279,500 $315,000 $280,000
Highest $430,000 $400,000 $430,000
Median 3 yr % change 31 19* 29
8 - Norlane East 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 70 5 75
Median $288,000 $310,000 $290,000
Highest $418,000 $352,000 $418,000
Median 3 yr % change 32 17* 33
9 - North Geelong 1-3 Bedroom 4+ Bedroom All Houses
Number Sold 40 4 44
Median $390,600 $621,000 $390,600
Highest $548,000 $705,000 $705,000
Median 3 yr % change 18 88* 18
Units / Townhouses: 2017
1 - Bell Park 1-2 Bedroom 3+ Bedroom All Units
Number Sold 22 13 35
Median $328,250 $366,750 $341,500
Highest $360,000 $465,000 $465,000
Median 3 yr % change 8 19* 11
2 - Bell Post Hill 1-2 Bedroom 3+ Bedroom All Units
Number Sold 6 5 11
Median $270,500 $376,000 $310,000
Highest $312,000 $390,000 $390,000
Median 3 yr % change -18* 6* -9*
3 - Corio Central 1-2 Bedroom 3+ Bedroom All Units
Number Sold 4 2 6
Median $250,000 $340,000 $257,000
Highest $257,000 $340,000 $340,000
Median 3 yr % change 117* 36* 8*
4 - Corio East 1-2 Bedroom 3+ Bedroom All Units
Number Sold 5 2 7
Median $235,000 $457,500 $250,000
Highest $255,000 $600,000 $600,000
Median 3 yr % change 25* 84* 10*
5 - Corio West 1-2 Bedroom 3+ Bedroom All Units
Number Sold 11 2 13
Median $275,000 $298,500 $277,000
Highest $310,000 $320,000 $320,000
Median 3 yr % change 28* 24* 29*
6 - Lovely Banks 1-2 Bedroom 3+ Bedroom All Units
Number Sold 3 N/A 3
Median $215,000 N/A $215,000
Highest $300,000 N/A $300,000
Median 3 yr % change -23* N/A* -23*
7 - Norlane 1-2 Bedroom 3+ Bedroom All Units
Number Sold 13 10 23
Median $261,500 $315,000 $283,250
Highest $325,000 $350,000 $350,000
Median 3 yr % change 23* -1* 32
8 - Norlane East 1-2 Bedroom 3+ Bedroom All Units
Number Sold 6 6 12
Median $190,000 $302,500 $272,500
Highest $275,000 $318,000 $318,000
Median 3 yr % change -17* 64* 47*
9 - North Geelong 1-2 Bedroom 3+ Bedroom All Units
Number Sold 6 N/A 6
Median $244,750 N/A $244,750
Highest $329,000 N/A $329,000
Median 3 yr % change -48* N/A* -12*
Buxton Property Values Report Autumn 2018Buxton Property Values Report Autumn 2018
Median house sale prices by suburb in the last 3 years
$500,000 $600,000 $700,000
$693,500
$600,000
$618,000
Rippleside - 16* sold
$350,000 $450,000 $550,000
$501,000
$487,750
$534,000
Waurn Ponds - 54 sold
$300,000 $400,000 $500,000
$425,000
$395,000
$487,000
Belmont - 300 sold
$700,000 $800,000 $900,000
$777,500
$815,000
$900,000
Drumconda - 7* sold
$300,000 $400,000 $500,000
$400,000
$370,000
$425,000
Grovedale - 234 sold
$300,000 $400,000 $500,000
$413,500
$379,000
$495,000
Hamlyn Heights - 130 sold
$300,000 $400,000 $500,000
$401,000
$368,250
$486,250
Herne Hill - 76 sold
$400,000 $550,000 $700,000
$555,000
$505,000
$626,000
Highton - 333 sold
$500,000 $600,000 $700,000
$592,500
$595,000
$665,000
Wandana Heights - 29 sold
$400,000 $600,000 $800,000
$600,000
$489,500
$769,250
Manifold Heights - 36* sold
$400,000 $550,000 $700,000
$545,000
$482,500
$650,000
Geelong West - 143 sold
Median Value 3 Year % Change
Houses
Belmont 23
Bell Park 16
Bell Post Hill 24
Breakwater 24
Corio 27
Drumcondra 10*
Geelong 24
Geelong East 42
Geelong South 46*
Geelong West 35
Grovedale 15
Hamlyn Heights 31
Herne Hill 32
Highton 24
Leopold 20
Lovely Banks 16
Manifold Heights 57
Moolap 33*
Newcomb 24
Newtown 16
Norlane 31
North Geelong 26
Rippleside 3
St Albans Park 16
Thomson 25
Wandana Heights 12
Waurn Ponds 9
Whittington 13
$200,000 $300,000 $400,000
$308,000
$285,000
$355,000
Thomson - 25 sold
$200,000 $300,000 $400,000
$272,000
$276,500
$313,400
Whittington - 58 sold
$500,000 $650,000 $800,000
$688,500
$637,500
$740,000
Newtown - 199 sold
$300,000 $375,000 $450,000
$407,000
$368,000
$441,000
Leopold - 217 sold
$300,000 $500,000 $700,000
$632,000
$465,000
$620,000
Moolap - 9* sold
$200,000 $300,000 $400,000
$310,000
$295,000
$365,000
Newcomb - 80 sold
$300,000 $350,000 $400,000
$331,000
$326,000
$377,000
St Albans Park - 76 sold
$200,000 $300,000 $400,000
$305,000
$267,250
$332,000
Breakwater - 19 sold
$400,000 $600,000 $800,000
$582,500
$600,000
$742,500
Geelong - 78 sold
$300,000 $500,000 $700,000
$507,500
$425,000
$602,000
Geelong East - 83 sold
$300,000 $500,000 $700,000
$495,000
$438,500
$640,000
Geelong South - 11* sold
$300,000 $350,000 $400,000
$360,000
$340,000
$394,000
Bell Park - 95 sold
$300,000 $400,000 $500,000
$355,000
$349,000
$431,500
Bell Post Hill - 83 sold
$200,000 $300,000 $400,000
$250,000
$240,000
$305,000
Corio - 309 sold
$100,000 $200,000 $300,000
$235,000
$218,000
$285,000
Norlane - 183 sold
$300,000 $400,000 $500,000
$470,000
$385,000
$445,000
Lovely Banks - 14* sold
$200,000 $350,000 $500,000
$340,000
$335,000
$421,000
North Geelong - 59 sold
2015 206 2017
*Median Value Increase in 3 years % change is statistically unreliable due to insufficient sales volumes.
Buxton Property Values Report Autumn 2018Buxton Property Values Report Autumn 2018
Median units / townhouses sale prices by suburb in the last 3 years
Median Value 3 Year % Change
Units / Townhouses
Belmont 10
Bell Park 11
Bell Post Hill -9*
Breakwater 8*
Corio 20
Drumcondra -52*
Geelong 7
Geelong East 1*
Geelong South -25*
Geelong West 13
Grovedale 22
Hamlyn Heights 19
Herne Hill 20
Highton 0
Leopold 1
Lovely Banks -23*
Manifold Heights 18
Moolap 7*
Newcomb 4
Newtown 7
Norlane 30
North Geelong -3*
Rippleside 150
St Albans Park 3
Thomson 9*
Wandana Heights 11*
Waurn Ponds -8*
Whittington 6
2015 2016 2017
*Median Value Increase in 3 years % change is statistically unreliable due to insufficient sales volumes.
$300,000 $700,000 $1,100,000
$378,000
$440,000
$1,100,000
Rippleside - 6* sold
$300,000 $350,000 $400,000
$385,000
$347,250
$320,000
Waurn Ponds - 3* sold
$200,000 $300,000 $400,000
$320,000
$316,250
$348,000
Belmont - 110 sold
$100,000 $500,000 $1,100,000
$359,250
$1,089,250
$520,000
Drumconda - 1* sold
$200,000 $300,000 $400,000
$307,000
$270,000
$330,000
Grovedale - 38 sold
$300,000 $350,000 $400,000
$324,500
$325,000
$387,500
Hamlyn Heights - 20 sold
$100,000 $200,000 $300,000
$210,000
$215,000
$257,500
Herne Hill - 27 sold
$300,000 $350,000 $400,000
$344,750
$340,000
$339,500
Highton - 73 sold
$300,000 $350,000 $400,000
$353,000
$355,000
$395,000
Wandana Heights - 3* sold
$200,000 $300,000 $400,000
$262,000
$285,000
$335,000
Manifold Heights - 17 sold
$300,000 $400,000 $500,000
$377,000
$377,500
$426,035
Geelong West - 42 sold
$250,000 $300,000 $350,000
$308,000
$320,000
$348,500
Thomson - 7* sold
$100,000 $200,000 $300,000
$174,500
$205,000
$216,500
Whittington - 30 sold
$300,000 $400,000 $500,000
$420,000
$378,000
$405,000
Newtown - 60 sold
$200,000 $250,000 $300,000
$295,000
$296,000
$297,500
Leopold - 25 sold
$200,000 $250,000 $300,000
$245,000
$248,750
$265,000
Moolap - 2* sold
$200,000 $250,000 $300,000
$250,000
$284,500
$295,500
Newcomb - 36 sold
$200,000 $250,000 $300,000
$245,000
$251,250
$259,000
St Albans Park - 13* sold
$200,000 $300,000 $400,000
$286,000
$295,000
$317,500
Breakwater - 6* sold
$400,000 $500,000 $600,000
$513,500
$473,500
$507,500
Geelong - 56 sold
$200,000 $300,000 $400,000
$338,500
$327,500
$330,050
Geelong East - 12* sold
$200,000 $350,000 $500,000
$292,500
$420,000
$315,000
Geelong South - 6* sold
$400,000 $500,000 $600,000
$499,000
$475,000
$548,500
Bell Park - 33 sold
$100,000 $250,000 $400,000
$224,000
$341,500
$310,000
Bell Post Hill - 11* sold
$100,000 $200,000 $300,000
$209,000
$215,000
$257,500
Corio - 27 sold
$100,000 $200,000 $300,000
$230,000
$213,500
$277,500
Norlane - 32 sold
$100,000 $200,000 $300,000
$196,000
$278,975
$215,000
Lovely Banks - 3* sold
$100,000 $200,000 $300,000
$185,000
$277,000
$270,000
North Geelong - 7* sold
Jarrod Leonard 0425 399 425
Ben Riddle 0401 447 755
Tony Moorfoot 0419 789 112
Dylan Taggert 0400 060 050
Donna Buckingham 0447 447 720
Damian Mahoney 0412 707 543
Rob Nelis 0418 348 628
Wayne Davidson 0417 686 248
David Gray 0408 569 089
Mergim Ibrahimi 0409 931 165
Leah Moro 0437 368 890
Veronica Allan 0421 811 479
Haxhi Abedin 0416 227 524
Ashley Woodburgess 0412 388 004
Kathryn Stojanov 0431 853 389
Matt Plunkett 0418 386 796
Sophie O’Dea 0424 924 140
David Ridley 0433 891 647
Christine Allison 0418 524 113
Luke Micallef 0412 473 515
Scott Roncon 0411 685 584
Julia Warren 0432 182 271
Kate McLachlan 0405 614 978
Ricky Forte 0438 307 579
Tom Butters 0448 884 420
Matthew Pearce 0425 749 326
Lee Hilton 0418 596 227
Georgia Graham 0435 150 862
Elonie O’Brien 0432 525 640
Ashley Vecoli 0423 047 555
Rodger Pedretti 0408 886 568
Linda Catanzaritti 0430 155 778
If you are considering selling
and would like to achieve
the highest price possible,
contact a Geelong local
area expert for an up-to-date
market appraisal.
Property Values Report Autumn 2018