Chat with us, powered by LiveChat

Three Geelong suburbs tipped for 10-year price boom

Real estate & property news
16 March 2023
Save Article

Ocean Grove, Torquay and Geelong West rank in the top 10

Three Geelong suburbs have been named among the best spots in Victoria to buy now for future price growth.

Ocean Grove and Geelong West are tipped to more than double in the next 10 years, according to new PropTrack data from realestate.com.au.

Ocean Grove is forecast to see the biggest growth, with houses set to rise from a median of $1.175 million to $2.956 million in the next decade.

That’s an increase of more than 150 per cent, the data showed.

Meanwhile in Geelong West, the median house price is likely to jump from below $1 million, currently $960,000, to $2.276 million within the decade.

The numbers were calculated by looking at the 10-year growth rate of suburbs across the state.

Suburbs in the City of Greater Geelong were listed in the state’s top 10, ranking at five and 10 respectively.

Nearby Torquay, where the median house price is currently $1.357 million, also made the list. The price in the coastal suburb is on track to rise to $3.334 million.

Known for its up-market seaside vibe, Ocean Grove has surged in popularity in recent years, becoming a haven for families and professional couples looking for a relaxed lifestyle close to amenities.

As the biggest suburb in the Bellarine Peninsula, it is home to more than 17,000 people, according to the 2021 Census.

You can grab a coffee at one of the suburb’s many cafes or enjoy an early morning dip at the beach. Or spend the day shopping in Geelong’s city centre, which is only a 20-minute drive away.

For families, there are a number of quality schools in the area, including Our Lady Star of the Sea Catholic Primary School, Ocean Grove Primary School and Bellarine Secondary College.

For buyers looking closer to the CBD, the cafe culture and quaint shops of Geelong West’s Pakington Street offer great food, as well as the crafts of local makers and traders.

And it’s only a short five-minute drive or 20-minute walk to Malop Street shops or the Geelong waterfront.

The trendy suburb is home to 10,000 people and has a plethora of education options nearby, such as Geelong Lutheran College, Ashby Primary School and Geelong West Kindergarten.

Its proximity to Geelong’s CBD means top-tier schools including Geelong College, Geelong Christian College and Deakin University are within easy access as well.

Other beachside haunts also made the overall list, including Blairgowrie and Rosebud on the Mornington Peninsula. Gisborne was also named as a suburb with the potential for 10-year growth.

Real estate & property news
16 March 2023
Save Article

Get more from Barry Plant.
Sign up for our newsletter

Sign up now to stay informed about market trends, investment opportunities, and exclusive property listings. Don't miss out on valuable insights - join our community today!

Get more from Barry Plant.
Sign up for our newsletter

Sign up now to stay informed about market trends, investment opportunities, and exclusive property listings. Don't miss out on valuable insights - join our community today!