autumn 2018 geelong area property values report€¦ · buxton property values reportautumn 2018...

9
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

Upload: truongtram

Post on 19-Aug-2018

225 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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

Page 2: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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.

Page 3: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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*

Page 4: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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*

Page 5: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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*

Page 6: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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*

Page 7: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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.

Page 8: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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

Page 9: Autumn 2018 Geelong Area Property Values Report€¦ · Buxton Property Values ReportAutumn 2018 Buxton Property Values ReportAutumn 2018 ulep 2014 ctec 2014 anMar 2015 Aprun 2015

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