The past seven days have been bustling with real estate activity in the regions of Lara, Ocean Grove, Armstrong Creek, and their neighboring areas. This blog post delves into the details of recent sales, featuring key properties, their respective agents, and the evolving market trends. The data highlights a vibrant market with diverse property types, ranging from family homes to residential land, demonstrating a strong demand and dynamic evolution in the region.
Lara Market Insights
10 Magnolia Court, Lara, Vic 3212
Agent: Karen Branch, Lara Branch Realty – LARA
Sold Price: $820,000
Sale Date: 01 Jul 2024
Property Type: House
Features: 4 bedrooms, 2 bathrooms, 2 car spaces, 616 m²
Karen Branch from Lara Branch Realty successfully closed the sale of 10 Magnolia Court for $820,000. The strong demand for spacious family homes in Lara continues to drive prices upward, making it a highly sought-after suburb.
10 Celesta Road, Lara, Vic 3212
Agent: Leesa Van Drunen, Barry Plant – Geelong
Sold Price: $609,000
Sale Date: 01 Jul 2024
Property Type: House
Features: 4 bedrooms, 2 bathrooms, 4 car spaces, 350 m²
Leesa Van Drunen from Barry Plant – Geelong facilitated the sale of this well-appointed home, highlighting the appeal of properties with extensive car spaces and modern amenities in Lara.
Ocean Grove Market Highlights
Lot 901, Scammell Street, Ocean Grove, Vic 3226
Sold Price Range: $430,000 – $510,000
Sale Date: 01 Jul 2024
Property Type: Residential Land
Features: 556 m²
The sale of Lot 901 reflects the strong interest in residential land within Ocean Grove, attracting buyers looking for investment opportunities and custom home building.
Lot 898, Scammell Street, Ocean Grove, Vic 3226
Sold Price Range: $400,000 – $470,000
Sale Date: 01 Jul 2024
Property Type: Residential Land
Features: 508 m²
Similarly, Lot 898 on Scammell Street sold within a competitive price range, emphasizing the value buyers place on location and future development potential in Ocean Grove.
Armstrong Creek Market Movements
Lot 1505 Morningside Circuit, Armstrong Creek, Vic 3217
Sold Price: $394,000
Sale Date: 01 Jul 2024
Property Type: Residential Land
Features: 438 m²
Armstrong Creek continues to grow as a desirable location for residential land, with Lot 1505 attracting buyers seeking a balance of space and accessibility.
Belmont Market Developments
32 Fairbrae Avenue, Belmont, Vic 3216
Agent: Wayne Baker, McGrath – Geelong | Newtown
Sold Price: $911,000
Sale Date: 29 Jun 2024
Property Type: House
Features: 3 bedrooms, 2 bathrooms, 3 car spaces, 774 m²
Wayne Baker from McGrath – Geelong | Newtown closed the sale of this property, underscoring Belmont’s position as a sought-after suburb with high demand for well-located, spacious homes.
Thomson Market Highlights
15 Fagg Street, Thomson, Vic 3219
Agent: Carl Hammond, McGrath – Geelong | Newtown
Sold Price: $905,000
Sale Date: 29 Jun 2024
Property Type: House
Features: 4 bedrooms, 3 bathrooms, 2 car spaces, 705 m²
Carl Hammond from McGrath – Geelong | Newtown successfully sold this spacious family home, highlighting Thomson’s appeal to buyers seeking modern amenities and prime locations.
Barwon Heads Market Overview
46 Stephens Parade, Barwon Heads, Vic 3227
Agent: Peta Walter, Bellarine Property
Sold Price: Contact Agent
Sale Date: 28 Jun 2024
Property Type: House
Features: 3 bedrooms, 2 bathrooms, 2 car spaces, 1,518 m²
Peta Walter from Bellarine Property managed the sale of this large property, reflecting the high value and demand for premium locations in Barwon Heads.
St Leonards Market Insights
8 Pearl Bay Passage, St Leonards, Vic 3223
Agent: Lee Martin, Bellarine Property
Sold Price: $930,000
Sale Date: 28 Jun 2024
Property Type: House
Features: 3 bedrooms, 2 bathrooms, 2 car spaces, 789 m²
Lee Martin from Bellarine Property facilitated the sale of this attractive property, demonstrating strong buyer interest in well-featured homes in St Leonards.
Moolap Market Activity
6 Augusta Drive, Moolap, Vic 3224
Sold Price: Contact Agent
Sale Date: 28 Jun 2024
Property Type: Retirement Living
Features: 2 bedrooms, 2 bathrooms, 1 car space
The sale of multiple units at 6 Augusta Drive highlights Moolap’s appeal for retirement living, with properties designed for senior residents in high demand.
Curlewis Market Dynamics
52 Centennial Boulevard, Curlewis, Vic 3222
Agent: Luen Ford, Compton Green Geelong – Geelong
Sold Price: $715,000
Sale Date: 28 Jun 2024
Property Type: House
Features: 4 bedrooms, 2 bathrooms, 2 car spaces
Luen Ford from Compton Green Geelong successfully sold this modern family home, emphasizing Curlewis’s attractiveness to buyers looking for contemporary living spaces.
Highton Market Overview
35 Augustine Drive, Highton, Vic 3216
Agent: Adam Natonewski, Ray White Highton – HIGHTON
Sold Price: Contact Agent
Sale Date: 28 Jun 2024
Property Type: House
Features: 3 bedrooms, 1 bathroom, 3 car spaces, 383 m²
Adam Natonewski from Ray White Highton facilitated the sale of this well-situated property, highlighting Highton’s continued appeal to suburban buyers.
Armstrong Creek Market Developments
26 Rutherford Grove, Armstrong Creek, Vic 3217
Agent: Lisa Emanuel, Gartland (Residential) – GEELONG
Sold Price: $697,500
Sale Date: 25 Jun 2024
Property Type: House
Features: 4 bedrooms, 2 bathrooms, 2 car spaces, 400 m²
Lisa Emanuel from Gartland (Residential) managed the sale of this family-oriented home, underscoring Armstrong Creek’s growth as a desirable residential area.
Geelong Market Activity
210/6-8 Eastern Beach Road, Geelong, Vic 3220
Agent: Lois Wilson, Maxwell Collins Real Estate – Geelong
Sold Price: Contact Agent
Sale Date: 24 Jun 2024
Property Type: Apartment
Features: 1 bedroom, 1 bathroom, 1 car space, 80 m²
Lois Wilson from Maxwell Collins Real Estate closed the sale of this urban apartment, emphasizing the demand for city living in Geelong.
Summary and Market Evolution
The real estate market in these regions is characterized by strong demand, diverse property offerings, and robust sales activity. Here are some key insights:
- High Demand for Family Homes: Properties with multiple bedrooms and ample living space, such as those in Lara and Belmont, continue to attract strong buyer interest, often achieving impressive sale prices. The demand is driven by the area’s family-friendly environment, excellent schools, and community amenities.
- Rising Interest in Residential Land: Sales of residential land in areas like Ocean Grove and Armstrong Creek indicate a growing demand for development opportunities. Buyers are keen on customizing their homes, reflecting a trend towards personalized living spaces.
- Diverse Market Segments: The market caters to a wide range of buyers, from first-time homebuyers seeking affordable options to retirees looking for specialized living arrangements. This diversity ensures a stable market with varied offerings.
- Premium Suburban Properties: Suburbs such as Barwon Heads and St Leonards are seeing high-value transactions, reflecting their appeal to buyers seeking premium lifestyle options. The coastal charm and high-quality living standards make these areas particularly attractive.
- Urban Living Appeal: The sale of apartments and townhouses in Geelong highlights a continued interest in urban living. Buyers value proximity to amenities, vibrant city life, and modern conveniences.
The real estate market in these regions is dynamic and evolving. The recent sales activity demonstrates a healthy demand across various property types, driven by the diverse needs and preferences of buyers. Agents like Karen Branch, Leesa Van Drunen, Wayne Baker, and many others have played pivotal roles in facilitating these transactions, contributing to the market’s vibrancy. As the market continues to evolve, it will be essential to monitor these trends and understand the factors driving buyer preferences and investment decisions.
Disclaimer:
The property data referenced in this article is sourced from realestate.com.au. While every effort has been made to ensure the accuracy and reliability of the information provided, it is important to note that the data is subject to change and may not be current at the time of reading. Users are advised to verify the details independently and consult with relevant professionals before making any real estate decisions. The authors and publishers of this article do not accept any responsibility for any errors, omissions, or discrepancies in the property data or any consequences arising from its use.