Monday, September 26, 2011

Drysdale Real Estate Prices on the rise

Two recent news publications list Drysdale as a real estate growth area to watch:

The Domain Property Review on September 11, 2011 (page 18) listed Drysdale in its Suburbs to Watch and quoted :

"The historic commercial town on the Bellarine retains some charming heritage buildings and is only 15 minutes from Geelong and 10 minutes from much pricier sea-change beach villages such as Port Arlington, Point Lonsdale and Ocean Grove. In Drysdale, says Ray White Drysdale agent Robert Dario, retiring Western District farmers and downsizing boomers who can't afford the coast can buy a good, north-facing family house on a double block with views for $600,000. "Similar waterfront lifestyle property on the Bellarine - which is south-facing", he emphasises, "can be up to $1.2 million." Two-to-three bedroom family houses ranging from four to 10 years old can be found for around the mid-$400,000 mark, making Drysdale welcoming for first-home buyers. An old unit in town would start in the mid-$200,000s.

Also quoted was:

"Drysdale, with a median of $450,000, has registered as the top-performing outer suburb, nearly double (28.6 percent) the gain of every-green, upmarket Sorrento (14.8 percent)."

Then in the Geelong Advertiser on Saturday 24 September 2011 on page 19, Drysdale was listed as one of Geelong's top-10 fastest growing suburbs with an annual growth rate of 21.2% and a five year growth rate of 66.1%, the median price listed as $423,500.

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