The median house price is above $1 million now in Torquay, Ocean Grove, Jan Juc, Point Lonsdale and nearby regional hotspots.
On the Bellarine Peninsula, Ocean Grove’s median house price is now $1.07 million, after a 26.6 per cent jump over the year to March, Domain figures show. He warned that first-home buyers sometimes have to lower their expectations when they realise how high prices are now, but said there are options under $1 million in Portarlington, St Leonards, Drysdale and Clifton Springs.
The share of out-of-area buyers on the Surf Coast has since decreased slightly, but they still make up about half of buyers, he said, and many are owner-occupiers making a permanent move. A budget of $1 million there would buy a house that needed a full renovation, or a town house, he said.But he said million-dollar sales are now being struck across Geelong, including in Geelong West, South Geelong, Highton, Belmont and Herne Hill.
Although technically part of Melbourne, city dwellers have been looking to spend more time on the peninsula by the beach, especially while working remotely.
elizabethredman Yer dream away. I have the means to fix it. If you fucking bothered to care.