AFFORDABLE AND SO CLOSE TO CITY

NORTH Geelong has been revealed as one of the top growth suburbs in Geelong.

The median house price in North Geelong has increased 27.9 per cent this year to $486,000, according to realestate.com.au, while the five-year annual growth is 10.9 per cent.

There are several factors that are drawing buyers to the northern suburb, according to Gartland Property, Geelong agent Nathan Ashton.

“It used to be known as an industrial area but people have moved on from that and are realising they can find affordable and good quality housing that is literally a kilometre-and-a-half to the CBD or water,” Mr Ashton said.

“It has been seen as an affordable alternative as one pocket of North Geelong is across the road from Geelong West but prices are $200,000$300,000 less.”

Mr Ashton said North Geelong’s future was bright.

“Target and the saleyards will be identified as key development areas and there will be more development and more jobs and more money coming into that area,” he said.

“There will probably be some people purchasing speculating that there is going to be factors like that as well, they can see there are going to be elements of growth in the next three to five years.”

Buxton agent Matt Plunkett is selling 52 Saywell St, North Geelong, and said all the interest