Suburb information tumbled in a number of Geelong suburbs in 2024, marking a excessive notice amid gloomy actual property circumstances.
In a yr when median dwelling values fell nearly 3 per cent, in keeping with PropTrack, three huge gross sales with a mixed worth of virtually $13 million set new benchmarks.
Torquay kicked issues off with a bang, notching up two record-breaking trades throughout the area of a month final summer time.
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The 1418sq m property at 82 The Esplanade, Torquay, bought for $7.9m.
The home presents unrivalled views from its place reverse Fisherman’s Seashore.
An expensive entrance row residence at 98 The Esplanade briefly turned the most costly piece of residential actual property on the town after promoting for $7.75m in January.
Nevertheless, the document value was quickly eclipsed by one other oceanfront home at 82 The Esplanade, Torquay.
The mid century clinker brick residence on a 1418sq m block, described as the most effective properties in Torquay, bought after public sale for $7.9m to consumers planning a renovation.
McCartney, Torquay auctioneer Geoff Bennett instructed the big public sale crowd it had been with the identical household since 1968.
“I’ve to say that regardless of its age, this home has been envied by many individuals for a few years,” he stated.
“There’s a number of pretty properties however this one simply stands out.”
39 George St, Geelong West, broke its personal suburb document again in February.
A swimming pool is the centrepiece of the out of doors leisure space.
In Geelong West, a sprawling six-bedroom residence smashed its personal suburb document in February after reaching a $3.17m sale value.
A tennis courtroom, swimming pool, a half basketball courtroom and a mega children treehouse with its personal slide, fireman’s pole and climbing wall have been among the many uncommon assortment of options on the 2264sq m property at 39 George St.
An interstate purchaser pounced on the resort-style providing, one of many largest personal parcels of land in Geelong West.
Jellis Craig Geelong agent Marcus Falconer stated the sale underlined the power of the suburb and one other internal metropolis locales in attracting folks to Geelong.
“One of many pivotal issues, which is a driver for lots of people (shifting to Geelong) is clearly education,” Mr Falconer stated on the time of the sale.
The six-bedroom, three-bathroom home has a number of residing areas, a examine and residential fitness center, all set privately behind a excessive fence and plush, landscaped backyard.
It earlier bought for $2.175m in 2018.
Corio notched up a number of million-dollar gross sales, together with this one at 159-163 Bacchus Marsh Rd.
Unique timber highlights add to the interval character of the formal lounge.
Massive land parcels additionally proved profitable in Corio, the place the $1.7m sale of a Tudor-style heritage residence set a suburb document final month.
The circa 1931, five-bedroom residence occupies a 1778sq m block with two titles at 159-163 Bacchus Marsh Rd.
The distributors of 46 years had sympathetically up to date the two-storey home, designed by the Buchan architects, and created a personal backyard with a number of out of doors leisure areas.
The sale toppled the earlier $1.5m document, for one more five-bedroom home on a 4000sq m block at 132-136 Matthews Rd, Corio, which was set simply two months prior.
