A Geelong property commentator argued the region remained in the first recovery stage of a cycle that began in early 2023, supported by rising home loan commitments, a 19.8 per cent lift in auction sales and clearance rates of 65 to 70 per cent. Median house prices were up 7.6 per cent over the year, while vacancy rates below 1 per cent reflected investors leaving the local rental pool.
Reported by
Gareth Kent, Director Preston Rowe Paterson, Times News Group, 26 April 2024 W
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
