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15th June 2023

I found these recent stats really interesting and please note these stats are for Melbourne and not Geelong. Melbourne house values have only increased by a mere 1.6% between March 2020 and May 2023, which is significantly lower than other capital cities in Australia.
Despite the slower growth, Melbourne's lower rate of increase in house values could present an affordability advantage for home buyers, making it a more attractive option. The rivalry between Melbourne and Sydney extends to house prices, with Sydney historically having higher house values.
The gap between the two cities widened during the pandemic, with Melbourne's median house value being 29.6% lower than Sydney's in May 2023. Melbourne's improved value proposition, driven by lower supply levels, a low rental vacancy rate, and relative affordability, could make it more competitive in attracting new buyers into the housing market.
The team and I look forward to seeing you this weekend.
John

Sneak Peek

13 Tanunda Grove, Belmont - Private Sale
Tranquil, picturesque, exceptional. They’re just a selection of the many compliments we can use to describe this charming home in an undisturbed court location. Presenting 5 spacious bedrooms, 3 bathrooms and multiple family living zones, this high-quality colonial brick home offers commodious living for growing families with a serene street position, nestled within a tightly-held pocket of Belmont.
27 Wylie Street, Charlemont - Private sale
Vacant land - Wanting to build your first home? This compact block of approx. 221m2 in the Glenlee Estate, will allow you to build your first little home! Make your life easy with a new low maintenance home instead of buying some old property riddled with problems!
5/44 Myers Street, Geelong - Private sale
Positioned over three levels and featuring three spacious bedrooms with BIR’s and master with ensuite. Open-plan kitchen and dining area, central bathroom and single car garage. Within walking distance to everything on offer in Geelong’s CBD. This property is the perfect opportunity for young families, professional couples or keen investors seeking a low-maintenance abode in the heart of Geelong. Contact Callum McDonald on 0455 504 408 for more information.
22 Greenville Drive, Grovedale - Forthcoming auction
Don't miss this rare opportunity to secure approx. 4478m2 in central Grovedale! Enjoy spacious family living on this amazing parcel of land and generous 4-5 bedroom home with large living spaces and huge family kitchen. Double lock-up garage with workshop accessed via Springside Drive plus single garage adjoining the home. Add your own touches and make this ponderosa into your own dream home!
38 Baelish Drive, Charlemont - Private sale
Newly built four bedroom home with zoned living areas, quality fittings and furnishings and fully landscaped.

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