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Published by maryannespina, 2018-06-05 02:25:01

QUARTERLY WRAP 2018 FINAL 2

QUARTERLY WRAP 2018 FINAL 2

Wayne Baker
Sales Agent | Geelong

Renowned for his unrivalled local knowledge and vast network, Wayne Baker is a trusted sales

agent who prides himself on creating long lasting relationships. As a lifelong Geelong resident,
Wayne is committed to his local community with an impressive 30 years in the ‘people’ focused

hospitality industry and still gives of his time to mentor local business owners. Wayne made his

mark in realestate in 2012, where his highly developed people skills and commercial acumen
seamlessly translated to real estate success. Wayne’s long-term association with people and

businesses within Geelong gives him the edge over other sales agents, with an array of

contacts to draw upon when matching people and his seemingly innate customer-centric
approach is distinctly aligned with McGrath’s brand of six-star customer service.

Specialty Suburbs

- South Geelong M: 0418 521 221
- East Geelong D: 03 5223 2040
- Newcomb E: [email protected]
- Geelong

What’s Happened in Autumn?

Geelong’s property market is in the first year of
a three-year boom as new projects and our
attractive lifestyle impact the region’s economy.

Values have grown faster than any
regional area in the nation as new data
shows more evidence that prices are
softening in the big capital cities.

Outside of the capital cities, Geelong tops the list for strongest
property growth over the past 12 months, where dwelling
values are up 10 per cent to $533,555. But why are we seeing
such a substantial growth rate in Geelong you ask?

The scale of migration of Melbourne homebuyers to Geelong
has been revealed as nearly 7000 people moved to Corio Bay
last financial year.

Australian Bureau of Statistics data for internal migration
trends found Geelong was the third-most popular regional
destination for residents escaping their nearest Australian
capital city. “There are multiple reasons why we’re seeing more people move to new
locations, however it’s generally for
more affordable housing or because
they’re looking for a sea
change/tree change.”

The trend is revealed as a new
report from CoreLogic shows
Geelong house prices were
experiencing a faster rate of annual
growth than Melbourne in the first
quarter of 2018.

Median House Prices – City of Greater Geelong

In the Geelong property market, we are seeing a 10% rise per annum on median
household prices.
The median house price in the City of Greater Geelong was $520,000 in the March
2018 quarter, an increase of 3.0% from the previous quarter and an annual increase of
13.0%.

Industry professionals have said and statistics
have shown to expect more of the same rapid
growth in 2019 as market fundamentals remain
stable, like record low interest rates, a short
supply of quality homes and Geelong’s white-
collar revival drawing more professionals to the
city.

Geelong Suburb Report: Median Sale Prices 2018

South Geelong, Victoria
3220

South Geelong has roughly 623
houses within its perimeter and is
home to an approximate of 1,557
people.

South Geelong has seen some
substantial growth over the last couple
of years and gaining results well above
expectation.

With fantastic amenities at your fingertips, such as South Geelong Train Station,
GMHBA stadium, Geelong CBD and the Barwon River, South Geelong offers a great
residential area for first home buyers, upsizes/downsizers and/or investors.

South Geelong is just one of the regions I have had the privilege to service over the last
6 years in Real Estate.

Recent Sales in South Geelong:

1/258 Yarra Street, South Geelong Sold 82 Foster Street, South Geelong Sold 2A Lonsdale Street, South Geelong Sold

48A Balliang Street, South Geelong Sold 2/258 Yarra Street, South Geelong Sold 47B Lonsdale Street, South Geelong Sold

South Geelong Rentals

With a large increase in Melbourne investors making their way down to Geelong, our
rental figures have also increased over the last couple of years.

Currently Leased Properties

200 Bellarine Street, South Geelong $440pw 1/12 Lamb Place, South Geelong $485pw 1 Foster Street, South Geelong $450pw

203 Bellarine Street, South Geelong $430pw 44 Verner Street, South Geelong $520pw 36 Mundy Street, South Geelong $330pw

8 Lonsdale Street, South Geelong $650pw 201 Bellarine Street, South Geelong $420pw 174 Yarra Street, South Geelong $450pw

Our priority is maximising the wealth of your residential and
investment properties.

At McGrath we believe that owning and selling an investment property should be a
profitable and hassle free experience. If you would like to receive updated market
information on comparable rents or sales, please feel free to contact the McGrath team
on 5223 2040 or myself on 0418 521 221 and I would love to give you an updated

market appraisal. We want you to experience the McGrath difference.








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