Autumn 2018 Geelong Area Property Values Report

Transcription

1 Autumn 2018 Geelong Area Property Values Report Bell Park, Bell Post Hill, Belmont, Breakwater, Corio, Drumcondra, Geelong, Geelong East, Geelong South, Geelong West, Grovedale, Hamlyn Heights, Herne Hill, Highton, Lara, Leopold, Lovely Banks, Manifold Heights, Moolap, Newcomb, Newtown, Norlane, North Geelong, North Shore, Rippleside, St Albans Park, Thomson, Wandana Heights, Waurn Ponds and Whittington.

2 Buxton Property Values Report Autumn 2018 Welcome to the Autumn edition of our Property Values Report, a summary of property sales and related information, delivered to you exclusively by Buxton. We are committed to providing our clients with accurate, credible, relevant market information and have worked in partnership with independent real estate data A more balanced market. Property prices across Melbourne and Regional Victoria have increased dramatically since the current growth cycle began about 5 years ago. We ve written previously about some of the drivers behind this growth: record low interest rates, investor demand (domestic and international) and significant population migration from interstate and overseas. All of these 3 main growth drivers still exist, but we re likely to see growth moderate in 2018 for a few key reasons. Firstly, annual double digit percentage rises can only be sustained for so long. Residential real estate performs in cycles similar to other sectors within the economy. Usually prices go up, sometimes they re flat and occasionally they fall. Many economists believe peak growth is behind us Auction Clearance Rate % in Buxton s 140+ Suburbs 85% 80% 75% 70% 46 days is the average time it takes to sell a property in Regional Victoria (Source: Source: REIV) specialists Property Analytics* to develop this report. The statistics primarily for cyclical reasons (though very few predict price falls over the next two years). 65% within are designed to give you a deeper understanding of how the residential real estate market is performing across Melbourne, in this region and within your specific neighbourhood. Secondly, under the direction of APRA (The Australian Prudential Regulation Authority) Australian banks have introduced a variety of measures in recent times designed to curb real estate price growth. Higher mortgage rates for investors versus home occupiers, limited interest-only lending options which are favoured primarily by investors, stricter loan-to-value ratios and greater scrutiny of living expenses and borrowing capacities. Thirdly, it s become more difficult for foreign purchasers as many banks refuse to recognise overseas income - even from Australian citizens, new taxes and regulations have been introduced that specifically target non-australian buyers, illegal ownership is being policed more diligently (e.g. non-permanent residents need to sell once they leave Australia) 60% 55% 50% Jul-Sep 2014 Oct-Dec 2014 Jan-Mar 2015 Apr-Jun 2015 Jul-Sep 2015 Oct-Dec 2015 Jan-Mar 2016 Apr-Jun 2016 Jul-Sep 2016 Oct-Dec 2016 Jan-Mar 2017 Apr-Jun 2017 Jul-Sep 2017 Oct-Dec % is the amount Investor Lending Commitments have decreased in the 2nd half of 2017 v 2nd half of (Source: Corelogic) and it s become increasingly difficult for Chinese buyers to extract funds from overseas. It appears that the above forces may have started to impact on the Melbourne real estate market. Buxton operates in 140 plus suburbs across Victoria. While the October - December 2017 median house price in our areas was up 14% compared to the same quarter in 2016 (a great result for home owners!), the Auction Clearance Rate was 6% lower than the 3-year average of 76%. Now, the last quarter of the year is always a big selling period with so many more properties listed for sale, demand from buyers tends to be diluted, leading to higher pass-in rates but it s the trend that is important. The 70% Auction Clearance Rate to finish 2017 was 9% lower than seen in the same 17 months since the RBA has changed Interest Rates quarter of 2016, and it s been trending down in every quarter since. This (Source: RBA) aligns to what many of us are seeing at open for inspections and auctions slightly less numbers. Moving into 2018, some of the key building blocks remain for further price growth. While we certainly don t expect price falls, we do anticipate a flatter market characterised by a greater balance between demand and supply. In these conditions it s more important than ever to select knowledgeable, local area experts to represent you in selling your home. 75% is the average % Auction Clearance Rate over the last 3 years in Buxton Suburbs (Source: REIV) * Property Analytics ( provides independent statistical information to real estate professionals throughout Victoria and New South Wales.

3 Latrobe Terrace 3 Geelong East and local neighbourhood property values Buxton has divided the map on this page into 10 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, *Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes. Princes Highway 7 Carr St Garden St 2 Portarlington Rd About median values The median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest. 1 9 Boundary Rd 10 Carr St 6 5 Clifton Ave Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given Breakwater 1-3 Bedroom 4+ Bedroom All Houses 6 - Newcomb 1-3 Bedroom 4+ Bedroom All Houses 1 - Breakwater 1-2 Bedroom 3+ Bedroom All Units 6 - Newcomb 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $331,000 $400,000 $332,000 Highest $435,000 $400,000 $435,000 Median 3 yr % change 24 N/A* 24 Number Sold Median $359,250 $530,000 $365,000 Highest $720,000 $562,000 $720,000 Median 3 yr % change 23 53* 24 Number Sold Median $300,000 $329,000 $317,500 Highest $310,000 $360,000 $360,000 Median 3 yr % change 6* 6* 8* Number Sold Median $282,500 $345,000 $295,500 Highest $355,000 $560,000 $560,000 Median 3 yr % change 22 13* East Geelong 1-3 Bedroom 4+ Bedroom All Houses 7 - South Geelong 1-3 Bedroom 4+ Bedroom All Houses 2 - East Geelong 1-2 Bedroom 3+ Bedroom All Units 7 - South Geelong 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $570,000 $760,000 $602,000 Highest $930,000 $951,000 $951,000 Median 3 yr % change Number Sold 11 N/A 11 Median $640,000 N/A $640,000 Highest $720,000 N/A $720,000 Median 3 yr % change 47* N/A* 46* Number Sold Median $350,000 $313,050 $330,050 Highest $495,000 $662,000 $662,000 Median 3 yr % change 17* -35* 1* Number Sold Median $315,000 $645,000 $315,000 Highest $342,000 $645,000 $645,000 Median 3 yr % change 12* 3* -25* 3 - Geelong 1-3 Bedroom 4+ Bedroom All Houses 8 - St Albans Park 1-3 Bedroom 4+ Bedroom All Houses 3 - Geelong 1-2 Bedroom 3+ Bedroom All Units 8 - St Albans Park 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $690,000 $962,500 $742,500 Highest $1,750,000 $1,875,000 $1,875,000 Median 3 yr % change Number Sold Median $361,500 $499,000 $377,000 Highest $495,000 $775,000 $775,000 Median 3 yr % change Number Sold Median $445,000 $760,000 $507,500 Highest $1,170,000 $2,165,000 $2,165,000 Median 3 yr % change Number Sold Median $258,000 $327,500 $259,000 Highest $320,000 $395,000 $395,000 Median 3 yr % change 2* 46* 3* 4 - Leopold 1-3 Bedroom 4+ Bedroom All Houses 9 - Thomson 1-3 Bedroom 4+ Bedroom All Houses 4 - Leopold 1-2 Bedroom 3+ Bedroom All Units 9 - Thomson 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $415,000 $482,500 $441,000 Highest $880,000 $1,590,000 $1,590,000 Median 3 yr % change Number Sold 25 N/A 25 Median $355,000 N/A $355,000 Highest $660,000 N/A $660,000 Median 3 yr % change 25 N/A* 25 Number Sold Median $297,250 $365,000 $297,500 Highest $375,000 $400,000 $400,000 Median 3 yr % change 3 15* 1 Number Sold Median $322,000 $361,250 $348,500 Highest $368,000 $490,000 $490,000 Median 3 yr % change 4* 10* 9* 5 - Moolap 1-3 Bedroom 4+ Bedroom All Houses 10 - Whittington 1-3 Bedroom 4+ Bedroom All Houses 5 - Moolap 1-2 Bedroom 3+ Bedroom All Units 10 - Whittington 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $655,000 $637,500 $620,000 Highest $870,000 $796,000 $870,000 Median 3 yr % change 41* -9* 33* Number Sold Median $313,400 $312,000 $313,400 Highest $471,000 $498,000 $498,000 Median 3 yr % change Number Sold Median $265,000 N/A $265,000 Highest $265,000 N/A $265,000 Median 3 yr % change 7* N/A* 7* Number Sold Median $212,750 $260,600 $216,500 Highest $295,000 $338,000 $338,000 Median 3 yr % change 11-2* 6

4 Highton and local neighbourhood property values Buxton has divided the map on this page into 6 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, Belmont 1-3 Bedroom 4+ Bedroom All Houses 1 - Belmont 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $466,000 $580,000 $487,000 Highest $787,000 $1,007,000 $1,007,000 Median 3 yr % change Number Sold Median $300,000 $510,000 $348,000 Highest $850,000 $660,000 $850,000 Median 3 yr % change Grovedale 1-3 Bedroom 4+ Bedroom All Houses 2 - Grovedale 1-2 Bedroom 3+ Bedroom All Units Princes Highway Number Sold Median $407,789 $480,000 $425,000 Highest $610,000 $665,000 $665,000 Median 3 yr % change Highton 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $310,000 $395,000 $330,000 Highest $400,000 $971,000 $971,000 Median 3 yr % change 19 23* Highton 1-2 Bedroom 3+ Bedroom All Units Barrabool Rd 5 3 Number Sold Median $550,000 $700,000 $626,000 Highest $885,000 $2,150,000 $2,150,000 Median 3 yr % change Marshall 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $417,500 $430,000 $425,000 Highest $615,000 $499,000 $615,000 Median 3 yr % change 12 13* 13 Number Sold Median $327,000 $447,500 $339,500 Highest $475,000 $720,000 $720,000 Median 3 yr % change Marshall 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $320,000 $358,750 $332,000 Highest $335,000 $390,000 $390,000 Median 3 yr % change 7* 8* 5* Rossack Drive Wandana Heights 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $590,500 $699,000 $665,000 Highest $790,000 $1,120,000 $1,120,000 Median 3 yr % change 14* Wandana Heights 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $290,000 $560,000 $395,000 Highest $395,000 $560,000 $560,000 Median 3 yr % change 19* 44* 11* 6 - Waurn Ponds 1-3 Bedroom 4+ Bedroom All Houses 6 - Waurn Ponds 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $486,000 $580,000 $534,000 Highest $770,000 $1,800,000 $1,800,000 Median 3 yr % change Number Sold Median $297,500 $435,000 $320,000 Highest $320,000 $435,000 $435,000 Median 3 yr % change -14* 18* -8* *Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes. 6 Princes Highway 2 Barwarre Rd 4 Boundary Rd About median values The median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest. Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given.

5 Newtown and local neighbourhood property values Buxton has divided the map on this page into 7 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, Drumcondra 1-3 Bedroom 4+ Bedroom All Houses 1 - Drumcondra 1-2 Bedroom 3+ Bedroom All Units Number Sold Number Sold 1 N/A 1 Median $832,000 $1,096,000 $900,000 Median $520,000 N/A $520,000 Highest $885,000 $1,275,000 $1,275,000 Highest $520,000 N/A $520,000 Median 3 yr % change 11* -6* 10* Median 3 yr % change 77* N/A* -52* 2 - Geelong West 1-3 Bedroom 4+ Bedroom All Houses 2 - Geelong West 1-2 Bedroom 3+ Bedroom All Units Ballarat Rd Number Sold Number Sold Median $600,000 $852,000 $650,000 Median $332,500 $570,000 $426,035 Highest $1,060,000 $1,361,000 $1,361,000 Highest $600,000 $700,000 $700,000 3 Median 3 yr % change Hamlyn Heights 1-3 Bedroom 4+ Bedroom All Houses Median 3 yr % change 15 16* Hamlyn Heights 1-2 Bedroom 3+ Bedroom All Units 7 Number Sold Median $469,000 $578,250 $495,000 Number Sold Median $328,000 $419,000 $387,500 Highest $745,000 $776,000 $776,000 Highest $410,000 $526,000 $526,000 Median 3 yr % change Median 3 yr % change 36* 7* Herne Hill 1-3 Bedroom 4+ Bedroom All Houses 4 - Herne Hill 1-2 Bedroom 3+ Bedroom All Units Church St 1 Number Sold Median $481,250 $528,750 $486,250 Number Sold Median $245,000 $500,000 $257,500 Highest $757,000 $711,000 $757,000 Highest $379,000 $600,000 $600,000 Median 3 yr % change 35 34* 32 Median 3 yr % change 14 20* Manifold Heights 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $755,000 $980,000 $769, Manifold Heights 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $332,000 $585,000 $335,000 5 Shannon Ave Highest $1,640,000 $1,925,000 $1,925,000 Median 3 yr % change 65* Highest $515,000 $740,000 $740,000 Median 3 yr % change 35* 14* 18 Autumn St Newtown 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $636,000 $893,000 $740, Newtown 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $348,500 $600,000 $405,000 Highest $2,080,000 $2,850,000 $2,850,000 Median 3 yr % change Highest $573,500 $1,400,000 $1,400,000 Median 3 yr % change Aberdeen St 7 - Rippleside 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $567,500 $1,400,000 $618,000 Highest $775,000 $2,240,000 $2,240,000 Median 3 yr % change -6* 82* Rippleside 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $1,100,000 $1,050,000 $1,100,000 Highest $1,100,000 $1,050,000 $1,100,000 Median 3 yr % change 172* 65* 150* Latrobe Terrace *Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes. 6 About median values The median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest. Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given.

6 Geelong North and local neighbourhood property values 6 Princes Fwy 5 Plantation Rd 7 Princess Rd Cox Rd 3 Bacchus Marsh Rd 4 Princes Hwy Princes Fwy 1 - Bell Park 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $385,000 $536,250 $410,000 Highest $765,000 $775,000 $775,000 Median 3 yr % change Bell Post Hill 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $425,000 $482,400 $431,500 Highest $610,000 $845,000 $845,000 Median 3 yr % change Corio Central 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $292,750 $333,500 $299,000 Highest $400,000 $390,000 $400,000 Median 3 yr % change 29 16* Corio East 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $287,500 $375,000 $290,000 Highest $415,000 $452,000 $452,000 Median 3 yr % change 28 7* Corio West 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $320,000 $390,000 $325,000 Highest $432,000 $460,000 $460,000 Median 3 yr % change 14 29* Bell Park 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $328,250 $366,750 $341,500 Highest $360,000 $465,000 $465,000 Median 3 yr % change 8 19* Bell Post Hill 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $270,500 $376,000 $310,000 Highest $312,000 $390,000 $390,000 Median 3 yr % change -18* 6* -9* 3 - Corio Central 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $250,000 $340,000 $257,000 Highest $257,000 $340,000 $340,000 Median 3 yr % change 117* 36* 8* 4 - Corio East 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $235,000 $457,500 $250,000 Highest $255,000 $600,000 $600,000 Median 3 yr % change 25* 84* 10* 5 - Corio West 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $275,000 $298,500 $277,000 Highest $310,000 $320,000 $320,000 Median 3 yr % change 28* 24* 29* Buxton has divided the map on this page into 9 different property value areas. To find out the median house value in your neighbourhood, simply locate your street on this map to discover which area your property is in, then look up the relevant chart. Data shown is for the calendar year ending 31 December, *Median Value Increase in 3 years % figure is statistically unreliable due to insufficient sales volumes. 8 Station St 6 - Lovely Banks 1-3 Bedroom 4+ Bedroom All Houses Number Sold Lovely Banks 1-2 Bedroom 3+ Bedroom All Units Number Sold 3 N/A 3 Median $445,000 $475,123 $452,500 Median $215,000 N/A $215,000 Highest $590,000 $496,000 $590,000 Median 3 yr % change 23* 11* 18* Highest $300,000 N/A $300,000 Median 3 yr % change -23* N/A* -23* 2 Anakie Rd Princes Hwy 7 - Norlane 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $279,500 $315,000 $280,000 Highest $430,000 $400,000 $430,000 Median 3 yr % change 31 19* Norlane 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $261,500 $315,000 $283,250 Highest $325,000 $350,000 $350,000 Median 3 yr % change 23* -1* 32 1 Thompson Rd Norlane East 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $288,000 $310,000 $290,000 Highest $418,000 $352,000 $418,000 Median 3 yr % change 32 17* North Geelong 1-3 Bedroom 4+ Bedroom All Houses Number Sold Median $390,600 $621,000 $390,600 Highest $548,000 $705,000 $705,000 Median 3 yr % change 18 88* Norlane East 1-2 Bedroom 3+ Bedroom All Units Number Sold Median $190,000 $302,500 $272,500 Highest $275,000 $318,000 $318,000 Median 3 yr % change -17* 64* 47* 9 - North Geelong 1-2 Bedroom 3+ Bedroom All Units Number Sold 6 N/A 6 Median $244,750 N/A $244,750 Highest $329,000 N/A $329,000 Median 3 yr % change -48* N/A* -12* Ballarat Rd Melbourne Rd About median values The median value is a more reliable figure than an average price. This is used as an indicator of price trends in a particular area. That s why median prices are used by Buxton, the Real Estate Institute of Victoria and the Valuer General. Simply, the average price is obtained by adding up the value of all sales and dividing that figure by the number of sales. The median average is the middle price when all sales are arranged in order from highest to lowest. Please note that figures relate to sales of individual residential properties only, and exclude sales of multiple dwellings in single transactions (e.g. blocks of units), vacant land, and commercial real estate. The data on these pages also includes Valuer General data and because of the delay in receiving it, the 2017 data may be missing some sales taking place towards the end of the calendar year. Also be aware that if any area has a particularly low number of sales during any period, this may unfairly influence the trend. Whilst every care has been taken to confirm the accuracy of the information presented, neither the authors, editors or publishers can be responsible for errors or omissions or for any consequences from application of the information given.

7 Buxton Property Values Report Autumn 2018 Median house sale prices by suburb in the last 3 years Median Value 3 Year % Change Houses Belmont 23 Bell Park 16 Bell Post Hill 24 Belmont sold $487,000 $425,000 $395,000 Geelong - 78 sold $742,500 $582,500 $600,000 $400,000 $600,000 $800,000 Herne Hill - 76 sold $486,250 $401,000 $368,250 Newcomb - 80 sold $365,000 $310,000 $295,000 Thomson - 25 sold $355,000 $308,000 $285,000 Breakwater 24 Corio 27 Bell Park - 95 sold Geelong East - 83 sold Highton sold Newtown sold Wandana Heights - 29 sold Drumcondra 10* Geelong 24 $360,000 $340,000 $394,000 $425,000 $507,500 $602,000 $505,000 $555,000 $626,000 $740,000 $688,500 $637,500 $592,500 $595,000 $665,000 Geelong East 42 $300,000 $500,000 $700,000 $400,000 $550,000 $700,000 $500,000 $650,000 $800,000 $500,000 $600,000 $700,000 Geelong South 46* Geelong West 35 Grovedale 15 Bell Post Hill - 83 sold $431,500 $355,000 Geelong South - 11* sold $640,000 $495,000 Leopold sold $407,000 $441,000 Norlane sold $235,000 $285,000 Waurn Ponds - 54 sold $534,000 $501,000 Hamlyn Heights 31 Herne Hill 32 $349,000 $438,500 $300,000 $500,000 $700,000 $368,000 $300,000 $375,000 $450,000 $218,000 $487,750 $350,000 $450,000 $550,000 Highton 24 Leopold 20 Breakwater - 19 sold $332,000 Geelong West sold $650,000 Lovely Banks - 14* sold $445,000 North Geelong - 59 sold $421,000 Whittington - 58 sold $313,400 Lovely Banks 16 Manifold Heights 57 $305,000 $267,250 $545,000 $482,500 $400,000 $550,000 $700,000 $470,000 $385,000 $340,000 $335,000 $200,000 $350,000 $500,000 $272,000 $276,500 Moolap 33* Newcomb 24 Corio sold Grovedale sold Manifold Heights - 36* sold Rippleside - 16* sold Newtown 16 Norlane 31 $250,000 $240,000 $305,000 $425,000 $400,000 $370,000 $489,500 $600,000 $769,250 $618,000 $600,000 $693,500 North Geelong 26 $400,000 $600,000 $800,000 $500,000 $600,000 $700,000 Rippleside 3 St Albans Park 16 Thomson 25 Drumconda - 7* sold $777,500 $900,000 Hamlyn Heights sold $413,500 $495,000 Moolap - 9* sold $620,000 $632,000 St Albans Park - 76 sold $331,000 $377,000 Wandana Heights 12 Waurn Ponds 9 $815,000 $700,000 $800,000 $900,000 $379,000 $465,000 $300,000 $500,000 $700,000 $326,000 Whittington 13 *Median Value Increase in 3 years % change is statistically unreliable due to insufficient sales volumes.

8 Buxton Property Values Report Autumn 2018 Median units / townhouses sale prices by suburb in the last 3 years Median Value 3 Year % Change Units / Townhouses Belmont 10 Bell Park 11 Bell Post Hill -9* Belmont sold $348,000 $320,000 $316,250 Geelong - 56 sold $507,500 $513,500 $473,500 $400,000 $500,000 $600,000 Herne Hill - 27 sold $257,500 $210,000 $215,000 Newcomb - 36 sold $295,500 $250,000 $284,500 $200,000 $250,000 $300,000 Thomson - 7* sold $348,500 $308,000 $320,000 $250,000 $300,000 $350,000 Breakwater 8* Corio 20 Bell Park - 33 sold Geelong East - 12* sold Highton - 73 sold Newtown - 60 sold Wandana Heights - 3* sold Drumcondra -52* Geelong 7 $475,000 $499,000 $548,500 $330,050 $338,500 $327,500 $339,500 $344,750 $340,000 $405,000 $420,000 $378,000 $353,000 $355,000 $395,000 Geelong East 1* $400,000 $500,000 $600,000 Geelong South -25* Geelong West 13 Grovedale 22 Bell Post Hill - 11* sold $224,000 $310,000 Geelong South - 6* sold $315,000 $292,500 Leopold - 25 sold $297,500 $295,000 Norlane - 32 sold $277,500 $230,000 Waurn Ponds - 3* sold $320,000 $385,000 Hamlyn Heights 19 Herne Hill 20 $341,500 $100,000 $250,000 $400,000 $420,000 $200,000 $350,000 $500,000 $296,000 $200,000 $250,000 $300,000 $213,500 $347,250 Highton 0 Leopold 1 Breakwater - 6* sold $317,500 Geelong West - 42 sold $426,035 Lovely Banks - 3* sold $215,000 North Geelong - 7* sold $270,000 Whittington - 30 sold $216,500 Lovely Banks -23* Manifold Heights 18 $286,000 $295,000 $377,000 $377,500 $196,000 $278,975 $185,000 $277,000 $174,500 $205,000 Moolap 7* Newcomb 4 Corio - 27 sold Grovedale - 38 sold Manifold Heights - 17 sold Rippleside - 6* sold Newtown 7 Norlane 30 $209,000 $215,000 $257,500 $330,000 $307,000 $270,000 $262,000 $285,000 $335,000 $378,000 $440,000 $1,100,000 North Geelong -3* $300,000 $700,000 $1,100,000 Rippleside 150 St Albans Park 3 Thomson 9* Drumconda - 1* sold $520,000 $359,250 Hamlyn Heights - 20 sold $324,500 $387,500 Moolap - 2* sold $245,000 $265,000 St Albans Park - 13* sold $259,000 $245,000 Wandana Heights 11* Waurn Ponds -8* $1,089,250 $100,000 $500,000 $1,100,000 $325,000 $248,750 $200,000 $250,000 $300,000 $251,250 $200,000 $250,000 $300,000 Whittington 6 *Median Value Increase in 3 years % change is statistically unreliable due to insufficient sales volumes.

9 Property Values Report Autumn 2018 If you are considering selling and would like to achieve the highest price possible, contact a Geelong local area expert for an up-to-date market appraisal. Jarrod Leonard Ben Riddle Tony Moorfoot Dylan Taggert Donna Buckingham Damian Mahoney Rob Nelis Wayne Davidson David Gray Mergim Ibrahimi Leah Moro Veronica Allan Haxhi Abedin Ashley Woodburgess Kathryn Stojanov Matt Plunkett Sophie O Dea David Ridley Christine Allison Luke Micallef Scott Roncon Julia Warren Kate McLachlan Ricky Forte Tom Butters Matthew Pearce Lee Hilton Georgia Graham Elonie O Brien Ashley Vecoli Rodger Pedretti Linda Catanzaritti