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Geelong Real Estate: Whitford Property News
11th April 2024

Whitford - Geelong Property News: I saw an interesting article from Heron Todd White on the weekend and in particular their national property clock. It shows that Geelong is at the bottom of this market cycle. We tend to be approximately three months behind the Melbourne real estate market and this graph shows that Melbourne is at the start of its market recovery.

What does this mean? It means buyers have roughly three months to buy with less competition. This market downturn has been three years so when the market bounces back it will bounce back hard as there will be three years of pent up demand. Hindsight is a beautiful thing in real estate, I feel a lot of buyers will be looking back in 3-6 months’ time and saying I should have bought then.

The team and I look forward to seeing you this weekend.

John Moran

Director


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