Day: November 23, 2020

Rush to Surf Coast, Geelong as high-end splurge pushes values

18-20 Honey Suckle Way, Armstrong Creek, sold for $721,000 in November. It occupies a 678sq m block.

A rush of buyers to the Surf Coast has sparked a jump in house values, new research shows.

CoreLogic’s quarterly regional market update shows house sales jumped 15 per cent on the coast, while unit sales rose 69 per cent.

The research shows the additional demand helped house values rise 8.7 per cent over 12 months to more than $955,000.

Values also climbed 4 per cent in Greater Geelong to nearly $596,000, despite a 2.3 per cent drop in sales for the year

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