City of Geelong - Regional Victoria
The corridor between Melbourne and Geelong has been enjoying extensive residential growth, underpinned by improved transport links, affordable housing and a strong focus from both public and private enterprises. Rapid population growth has been a driving factor behind large amounts of money being spent on infrastructure and commercial projects.
Until recently, the Geelong property market was the standout leader in regional Victoria. Though Geelong has now been overtaken by Ballarat and Bendigo, its property market remains robust, mainly due to affordability in comparison to Melbourne.
This is underpinned by the strength and diversity of its economy, and its appeal as a affordable lifestyle alternative to Melbourne, to which it is well-connected with good transport links.
Negative events such as the closure of the Ford plant are almost forgotten, counter-balanced by positive announcements that give confidence in Geelong’s future, including business expansion and government infrastructure spending.
Key transport infrastructure, including road networks and rail links, is being upgraded. Billions of dollars of construction work – both residential and commercial - is under way, and there are billions more in the pipeline.
This report covers Armstrong Creek, Barwon Heads, Belmont, Clifton Springs, Corio, Drysdale, Geelong, Geelong West, Herne Hill, Indented Head, Jan Juc, Lara, Leopold, Manifold Hts, Newtown, Ocean Grove, Portarlington, Queenscliff, St Albans Park, St Leonards, Thomson, Waurn Ponds and Whittington.