Geelong - Location, location,location!

We have made several trips to this area recently and are impressed with what we have seen. It ticks many of the boxes that we consider fundamental to successful property investing. We are now pleased to offer house & land packages with strong rental yields, and represent great value in today's property market.

Geelong is Victoria's second largest city with a population of approx 235,000 is set to grow by 36.5% to over 320,000 in under 20 years and more than double in size to over 500,000 by 2050. With Melbourne growing at an astonishing 125,000 people in 2016, its boundaries are exploding. To put that growth into perspective, at that rate, it will grow by a city the size of Adelaide in only 8 years. That is insatiable demand for new housing. The Victorian government understands the need to direct some of this massive growth to its second largest city Geelong.  

Like Sydney, Melbourne's house prices have boomed in recent years making it unaffordable to a large section of the population. Geelong is benefiting from this boom as buyers look for affordability and lifestyle. Australia's largest property valuation firm has Geelong perfectly placed between recovery and upswing on the property clock.

A $5Billion rail link was recently completed in June 2015 meaning commuters can catch a train in Geelong and be in Melbourne in under an hour. With the very real possibility of future fast trains this trip could be slashed to only 35 minutes. Together, with the proposed Western Distributor project that is estimated to cut road travel times into Melbourne by 20 minutes, Geelong is set to be more like an outer suburb than a regional city. A brand new city is being built half way between Melbourne and Geelong called the Werribee East Employment. This state-of-the-art city will create approx 60,000 new jobs.

For more info on House & Land packages contact the team at Investo