West best on sale price
17 Eureka St, Geelong West
THE Geelong West property market is showing no signs of slowing after two properties in neighbouring streets sold for more than $100,000 above reserve at auction.
The suburb has one of the strongest markets in the area with 14.3 per cent growth in the past 12 months, according to CoreLogic.
Hodges, Geelong West agent Marcus Falconer said that the market in Geelong West was “nothing short of extraordinary”.
“People are realising the value of it as it is basically the ultimate lifestyle spot,” Mr Falconer said.
“Everyone wants to here now.
“It is the hottest suburb in Geelong.”
He sold 16 George St, Geelong West, for $817,000 on Saturday to a family already living in the suburb.
Bidding kicked off at $600,000 and four parties within a large crowd competed for the property. Price expectations were $700,000.
Ryan and Theresa Walsh, with a nine-month-old son Calum, were the successful buyers.
“We already live in Geelong live ways sells well,” Mr Ainsworth said.
A Melbourne family snapped up the property and are planning on making it their home.
The California bungalow has four bedrooms and many period features have been kept throughout.
Mr Ainsworth said the suburb’s popularity was evident from the large crowd of about 70 people at the auction.