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

North Geelong Real Estate Market Outlook

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.

Houses for sale North Geelong

	17 GUTHRIE AV, NORTH GEELONG, VIC, 3215	4	2	2	$975,000 - $1,050,000
	26 BALFOUR ST, NORTH GEELONG, VIC, 3215	5	3	2	$1,049,000 - $1,099,000
	228 THOMPSON RD, NORTH GEELONG, VIC, 3215	4	2	3	$700,000 - $770,000
	17-19 CRADDOCK ST, NORTH GEELONG, VIC, 3215	4	3	1	$1,029,000
	169 VICTORIA ST, NORTH GEELONG, VIC, 3215	2	1	3	600000

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