Geelong Real Estate: Whitford Property News
23rd May 2024

Whitford - Geelong Property News: Currently Australia’s and Geelong’s housing is so undersupplied that I've rarely encountered a supply-demand situation like we are currently experiencing. Autumn and Winter are historically a quieter time in terms of listings coming to the market but we are seeing very limited properties hitting the market.

Sure there are unknowns and risks ahead, but there are also five certainties for our housing markets:

1. Inflation will stick around a little longer than the RBA would like
2. Interest rates will eventually fall
3. The scarcity of dwellings for both purchase and rent will not go away any time soon.
4. Rents will keep rising
5. Good demographics and strong population growth will keep fuelling demand for housing.

This creates a window of opportunity before falling interest rates create a property market reset. Inflation has now peaked and it's likely so have interest rates, and in due course consumer confidence will return and our market will begin its upward trajectory.

Katie is a sales agent here at Whitford. Watch the below video to get to know her.

John Moran

Director

128 Aphrasia Street, Newtown - This charming home offers a perfect combination of style, space, and convenience. It features five bedrooms, including a spacious main suite with a walk-in robe and a full ensuite. Multiple living and entertaining zones, pool and double garage.

79 Gheringhap Street, Geelong - Expressions of interest for sale or lease. A three level building of (approx.) 625m2 in a prime CBD location. Generous land area of 792m2. Ample onsite parking.

19 The Esplanade, North Shore - With direct water views and within a short stroll to the Moorpanyal Beach & Playground area, this is truly rare opportunity in a tightly held location. Boasting a fantastic allotment of 650m² (approx.), this property is the perfect chance to renovate, develop, or build your dream family home (STCA).

20 Stubbs Avenue, North Geelong – An adorable 3 bedroom Californian Bungalow in a location that is more convenient than it gets credit for, walking distance to all amenities including North Geelong train station as well as the Geelong waterfront. Updated throughout while maintaining many of its character features, this is an opportunity not to be missed.

114 Sunset Strip, Jan Juc - Just under 1 acre of privacy this brick home comprises 4 bedrooms, the main with ensuite and dressing room, multiple living areas including open plan kitchen, dining and family room.

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