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East Geelong still growing!

It looks like East Geelong is booming. In January it was the eighth most in demand suburb in Victoria attracting 5,169 property views per listing according to realestate.com.au as quoted in a recent article.

Melbourne prices may be slowing but regional Victoria is thriving with Geelong Ballarat and Gippsland all in demand.

It was reported that looking at property prices year-over-year, the median dwelling price in Geelong grew 5.6% to $538,500 with suburbs like Belmont, Grovedale and Waurn Ponds continuing to provide good value.

Jarrod Leonard from Buxton was quoted as saying said that 'it was not a surprise that East Geelong was recognised as one of the most in-demand suburbs in the country' as East Geelong had 'beautiful period homes on good-size allotments' providing value for money. He also said that 'East Geelong is still undervalued compared to a sister suburb like Geelong West'.

As always whether you're investing, buying your first home or refinancing; see us first.

Article here.