City of Geelong - Regional Victoria
Geelong’s economy is thriving, boosted by the arrival of government agencies like NDIS and WorkSafe. New businesses in the sectors of transport, postal and warehousing and construction are opening up, improving job prospects.
Rapid population growth has been a driving factor behind large amounts of money being spent on infrastructure - in particular improved transport links - and commercial projects. Government agencies are being relocated to Geelong, hotels are being built and residential estates are springing up across the region, providing a lure for first-home buyers.
Geelong has now secured a $355 million City Deal, an arrangement which unites three levels of government, to focus on urban development and jobs growth.
Billions of dollars of construction work – both residential and commercial - is under way, and there are billions more in the pipeline.
The property market, though past its peak, is still producing double-digit growth in many suburbs and vacancies are low.
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.