Prestige properties are hitting the market across the Geelong region as vendors bank on the return of high-end Melbourne buyers.
A multimillion-dollar beachfront Torquay house with a luxury hotel vibe and ocean views is among those just listed to coincide with the state’s reopening.
Price hopes are $5.6m-$5.9m for the sleek two-storey home with a rooftop deck, swimming pool and eight-car basement garage designed by local architect Lachlan Shepherd at 189 The Esplanade.
If it sells at that level, the three-bedroom house would become Torquay’s most expensive residential sale.
Geelong agents have reported bumper results at the top end of the market during recent months and are gearing up for an influx of cashed-up lifestyle buyers.
McCartney, Torquay agent Tim McCartney said he had sold four properties above $3m since COVID hit.
“Normally you would be lucky if we had one or two of those a year,” Mr McCartney said.
He’s expecting Melbourne buyers to be in the mix for The Esplanade property, which he said set a new design benchmark for Torquay.
“This is one of the best homes ever crafted in Torquay,” Mr McCartney said.
“It feels like you are in Crown hotel.”
Buyers looking for resort-style living closer to Geelong have the chance to snap up a luxury family home overlooking Buckley Falls in Highton.
McGrath, Geelong agent David Cortous will auction 71-75 Rivergum Drive on December 5, when it’s expected to fetch $1.65m-$1.78m.
The 1612sq m property comes with a three-bedroom house, swimming pool and full-size tennis court.
Mr Cortous said the home was built to commercial standards in a prime location.
“It’s a beautiful street and we have sold another property there for $2.2m,” he said.
A premium waterfront apartment that’s just hit the market in the Edgewater complex is expected to set buyers back about $2.7m.
Geelong listing agent James Wilson said while Melburnians had been watching the region’s market from afar, local buyers continued to drive big sales, particularly on the waterfront.
“I would give assurances to vendors that the local contingent has been very strong. People that know the area have been the ones that are prepared to pay for it,” Mr Wilson said.
He said the three-bedroom apartment at 201/6-8 Eastern Beach Road, Geelong offered the best of inner city living.
“It is beautifully fitted out and really spacious,” he said.
“Then there’s the ease of that complex and the fact it’s in the thick of things.”
For a little more space, a 1.23 hectare lifestyle offering at 72-80 Greenhills Road, Bellarine has a four-bedroom homestead described as “The Block on acreage”.
Bellarine Property, Barwon Heads agent Lee Martin said as well as beautiful rural views, the property was well planned out with an impressive outdoor entertainment area, swimming pool and tennis court, a self-contained one-bedroom guest unit and a gym/studio.
It’s on the market for $2.95m-$3.15m.
“It’s as good a lifestyle property as you will see on the Bellarine Peninsula,” Mr Martin said.
“You have 80 and 100 acre farms around you so you look out over the land and it feels so much larger.”