Sale listings roll in as spring does its thing
Belmont and Highton properties high in demand
SPRING is off to a cracking start with about $427 million worth of property across Geelong listed for sale in the first month.
This is $60 million more than during the same period last year.
Geelong Advertiser research through CoreLogic and realestate.com.au data found 618 properties were listed for sale or were scheduled to go to auction last month.
Last year there were 645 properties with a total value of about $366 million in September.
Belmont had the most number of properties listed for A MASSIVE renovation has transformed a retro 1970s house in Belmont into a modern family home.
Connor and Lauren Van Ingen bought 20 Walpole Ave two years ago as their first home for $375,000.
Initially they had doubts because of the colourful wallpaper and window furnishings but then discovered the house had good bones.
“It has a really good layout, we didn’t have to do any major changes,” Mrs Van Ingen said.
The whole house has been updated including a new sale in September this year — 56 properties worth about $33 million, followed by Highton with 38 properties kitchen and bathrooms plus new floor coverings and a fresh coat of paint.
Mrs Van Ingen said they did the renovation quicker worth about $30 million.
Compared to the same time last year Belmont had 43 properties listed to sell worth than they thought so decided to sell the three-bedroom, two-bathroom house on 650 sqm of land to start again. about $21 million and was just below Highton with 45 properties worth about $27 million.
Barry Plant, Highton agent Kieron Hunter said Highton and Belmont were high in demand.
“They’re great spots, they are similar in pricing but so different as to what they offer, Highton is bricks and mortar and very few weatherboards but Belmont has a mixture of period homes and bricks and mortar,” Mr Hunter said.
He said Belmont especially was one of, if not the most, in demand Geelong suburb.
“People are talking about the market slowing down in capital cities but I don’t think we are going to here,” he said.
“We thought we would give it a go again so we are looking for another challenge,” she said.
The property will be going
“There are still a lot of out of town buyers and there is a lot of local activity too.”
Hayeswinckle, Highton agent Michelle Winckle said we were now in the peak selling season after footy had finished.
“Now is the time to take a property to auction,” Ms Winckle said.
She said there were a lot more properties coming on the market now with buyers looking for a big backyard.
“They are choosing to go into Belmont or Highton rather than build in the estates on a 400 sqm to 500 sqm block,” she said.
“There is always going to be strong demand for a large block in a good area.” to auction on November 3 at noon with price hopes of $520,000 to $550,000 through Barry Plant, Highton agent Kieron Hunter.