What a lazy $700,000 can buy in Geelong: HTW residential
Once a destination for weekend getaways, the Geelong area has been reimaged as an ideal lifestyle for families, according to the July HTW residential report.
The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.
Immersed in nature, but remaining in close proximity to the bright lights of the city, Geelong provides the answer for those seeking a solid investment or a place to call home, the report noted.
"It’s well known by many that in Geelong you most certainly can get more bang for your buck when it comes to the property market," the valuation firm said.
With Geelong also now being a well-established city in itself, hosting 250,000 plus residents, it’s turning into one of the most sought after locations.
"$700,000 in Geelong can go a long way and can most definitely provide anyone looking within this range with a fantastic home for whatever they require," the valuation firm said.
Whether it be a large double storey family home or a sleek and modern single storey home in a nice area, most would be able to find what they need within this price range.
The report noted an example of what is out there for around the $700,000 mark is below:
A five bedroom house at 31-35 Sirrom Crescent, Armstrong Creek (pictured above) has recently been sold for $765,000.
The contemporary home comes with five bedrooms, three living zones, triple garage, alfresco and backyard.
It is located just 10 minutes to Torquay and 15 minutes from the CBD.