Geelong’s growth corridors have dominated a new list that reveals the region’s most popular suburbs for rentals in 2020.
New realestate.com.au data identifies Herne Hill as the most in-demand with potential tenants searching for new digs.
But while the suburb may have attracted the highest number of views per rental listing, it was overwhelmingly locations with new housing estates that were the most keenly sought after.
Armstrong Creek, Mt Duneed and Charlemont all ranked in the top 10, along with North Geelong and Belmont.
Increased demand from lifestyle buyers during the COVID pandemic also made rentals in Torquay, Ocean Grove and Clifton Springs hot property.
Maxwell Collins, Geelong director Nick Lord said the data for Herne Hill was always a little skewed due to its small geographical size and limited listings.
But Mr Lord said there was strong interest in rentals in the Armstrong Creek area, which was a big shift from a year ago.
“The market 12 months ago was pretty flooded with a lot of four-bedroom homes and now it’s fairly tightly held,” he said.
“And we have seen rents rise $20 to $30 compared to where they were 12 months ago.
“I think what is appealing is the new homes and the infrastructure out in Armstrong Creek is obviously improving.”
He said there was also big demand for new homes in Torquay’s northern growth corridor.
“That’s driven by lifestyle,” he said.
Hodges, Geelong West property manager Nathan Ricardo said modern, three-bedroom properties that offered space were sought after all over Geelong.
Mr Ricardo singled out Armstrong Creek and the new estate in Fyansford as particularly popular with tenants.
“A lot of people are coming down from Melbourne who are looking for space and lifestyle,” he said.
“Armstrong Creek offers a three-bedroom, new property for the same price you would pay for an apartment in Melbourne.”
MOST IN-DEMAND SUBURBS FOR RENTALS IN 2020
1. Herne Hill (2889 views per listing)
2. Torquay (2691)
3. Belmont (2565)
4. Armstrong Creek (2542)
5. Mt Duneed (2498)
6. North Geelong (2383)
7. Clifton Springs (2290)
8. Newcomb (2250)
9. Ocean Grove (2160)
10. Charlemont (2133)