North Shore VIC 3214: Property Market Report & Real Estate Insights

Part of Greater Geelong, VIC

North Shore Real Estate Market Outlook

Thinking about buying in North Shore? Now could not be a better time, with 588 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $783,000 with prices in this suburb ranging from $377,000 to $2,289,000. North Shore 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

Living in North Shore

In North Shore there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in North Shore is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in North Shore leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in North Shore the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

North Shore, located in the Greater Geelong area of Victoria, has seen some dynamic changes in its housing market in recent years. Traditionally known for its industrial backdrop and proximity to the Port of Geelong, the suburb is gradually experiencing a rejuvenation with new residential developments and increasing interest from homebuyers looking for affordable alternatives to Melbourne's pricier suburbs. The housing market in North Shore offers a mix of older, established homes and newer builds that cater to a variety of preferences and budgets. This blend of housing options makes it an attractive destination for first-time homebuyers, investors, and families seeking a balance between urban accessibility and suburban tranquility.

Living in North Shore offers residents a unique lifestyle characterized by its coastal charm and industrial heritage. The suburb provides a straightforward, community-focused environment that is ideal for those looking to escape the hustle and bustle of a large city. Despite its industrial roots, North Shore is flanked by picturesque waterfront views along Corio Bay, offering residents enjoyable spots for recreational activities such as fishing and sailing. The area also benefits from its proximity to Geelong’s city center, providing convenient access to amenities, shopping, and dining options. With ongoing development and improvements in infrastructure, North Shore is gradually enhancing its appeal as a suburban locale that promises both growth potential and a peaceful living environment.

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