Geelong prestige property continues to break records: HTW

Geelong’s property market is diverse and consists of a variety of property types appealing to all sorts of buyers, according to the November report from valuation firm Herron Todd White.

HTW found that residential property in Geelong has continued to exceed expectations as it becomes an increasingly desirable place to live. This has become evident with suburbs across the region breaking sales records throughout the year.

Lorne has recorded a new residential sales record with 1 Roadknight Street selling for $7.25 million earlier this year. Three bidders competed for the property in a private auction. Set on a north-facing 1,800 square metre block, the architectural home designed by Spaces Design Group and built by GD Constructions offers a private, resort-like compound with five-bedrooms and five-living spaces.

Lorne has proven to be one of the most sought-after locations, recording its second highest ever residential sale when 77-79 Smith Street sold for $5.75 million in March. The suburb has seen six properties exceed the $2 million mark across the year.

Opportunities to buy in Lorne are present in a number of off the plan residential developments including...

There are xxx developments available or soon to be across Lorne.

One property in Jan Juc recently hit the open market, 7 Seahaven Place. It is architect-designed and offers panoramic ocean views.

Tipped to sell for roughly $4 million, it features a U-shaped design.

Closer to the city centre, the highest current listing is 27 The Esplanade. Known as Carmyle, the property sits on Geelong’s front row, with uninterrupted waterfront views, situated on a 1,500 square metre block.

Built in 1929, the art deco influence is prevalent with period details throughout and is currently listed at $4.5 million.