All About North Geelong, Greater Geelong, VIC, 3215

The housing market in North Geelong, a suburb in the Greater Geelong region of Victoria, has been experiencing notable changes over the recent years. Known for its blend of industrial heritage and evolving residential appeal, North Geelong offers a variety of housing options that cater to diverse preferences. Traditionally characterized by older-style homes, the area has seen an influx of modern developments and renovations, reflecting the growing demand for living spaces that combine both character and contemporary comforts. The area's affordability compared to Melbourne has also attracted a number of young families, professionals, and investors looking for value and potential growth. Local real estate trends indicate steady interest partly due to its proximity to Geelong’s central business district, which provides a convenient living option for those who work in the city but prefer a quieter suburban environment.

Living in North Geelong offers a distinct suburban lifestyle that blends convenience and community. Residents enjoy access to a range of amenities including parks, schools, and shopping centers, making it an attractive location for families. The suburb is well-connected through an efficient transportation network, including the North Geelong railway station, which offers easy access to both Geelong and Melbourne. Additionally, North Geelong's proximity to the picturesque waterfront and its recreational areas provide ample opportunities for outdoor activities, enhancing the quality of life for its residents. With a cultural fabric that is increasingly vibrant, bolstered by local cafes, markets, and community events, North Geelong provides a welcoming environment for individuals and families seeking a balanced lifestyle.

North Geelong Real Estate Market Outlook

Thinking about buying in North Geelong? Now could not be a better time, with 2652 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $750,000 with prices in this suburb ranging from $141,000 to $1,685,000. North Geelong is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Consistent high demand relative to supply is a key feature in North Geelong driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine North Geelong due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in North Geelong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in North Geelong to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in North Geelong we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make North Geelong a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!