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Herald Sun
03-05-2025
- Business
- Herald Sun
Hotspotting: Geelong's future hot spots to buy a home in now
Hotspotting founder Terry Ryder has revealed suburbs likely to see future price rises in Geelong. The Geelong suburbs expected to see the best price growth amid the region's recovering house market are revealed in new data. The Autumn 2025 Price Predictor Index from Hotspotting shows steady rises in quarterly property sale trends across the Greater Geelong region, with half the suburbs given a positive outlook. Among the suburbs is a swath across the southern Geelong from Armstrong Creek, Mount Duneed and Waurn Ponds, to Highton, Belmont and Newtown where the rising volume of sales is expected to turn into rising prices by the end of the year. RELATED: Interest rate cuts drive refinancing boom Why Geelong buyers can expect home prices to rise in 2025 Mortgage snags that could cost you plenty Among them, Grovedale remains one of the most consistent markets according to the Hotspotting analysis which uses rising trends in sales activity to predict areas of future price growth. Fyansford, Leopold, Newcomb, Norlane and Point Lonsdale were other suburbs where sales trends were rising. Hotspotting founder Terry Ryder said once the sales volumes began rising in an area, prices often followed within six to nine months. 'What typically happens is that people won't get active until they read that there's a boom happening,' Mr Ryder said. Hotspotting founder Terry Ryder said a significant rise in property sales is a sign a suburb is set for future price growth. 'But by then, they are missing the opportunity.' Mr Ryder said the rises in Geelong were steady as other research points to a recovery the market remained subdued for a significant period of time. 'We did see signs of an uplift in Ballarat and Bendigo, in terms of sales activity, so I'm not sure why it's not reflecting as strongly in Geelong – but I do expect it to,' Mr Ryder said. 'Geelong is one of the safest places in Victoria to own real estate.' Mr Ryder said fundamentals that indicated the city's home values would inevitably rise included its strong local economy, good employment options, its relative affordability compared to Melbourne and its appeal as a lifestyle area for families. Nation-leading population growth was another factor unpinning Geelong's prospects, PropTrack senior economist Anne Flaherty said, but the market was still dealing with the lingering effects of overheated during the Covid pandemic. PropTrack economist Anne Flaherty said Geelong's median home price remains 11 per cent below the peak of the market in 2022. Ms Flaherty said Geelong prices remained 11 per cent below the peak in the market in 2022, compared to 4.2 per cent across regional Victoria and 4 per cent in Melbourne. 'One of the reasons we did see those drops is that, in addition to very significant interest rate rises, demand for property in Geelong just drove a massive price growth during those years,' she said. 'As a result of that there was a period of readjustment when things reopened and once those interest rates were increasing over 2022 and 2023. 'There's still a long way to go for Geelong to recover those home values back to those peak levels.' To put that into perspective, Geelong's $725,000 median home price remains 26 per cent higher than before the pandemic in March 2020. Jellis Craig Geelong agent Marcus Falconer expects a rise in activity after the federal election. Jellis Craig Geelong director Marcus Falconer expects a post-election bounce with many people ready to list after buyers return from April holidays. An interest-rate cut was 'almost certainly locked in' on May 20, he said. 'There's a lot of people that have sold homes looking to re-enter the market over the last quarter,' Mr Falconer said. 'There's also been a significant upswing in the level of investors returning to the Victorian market, which is a welcome trend.' Mr Falconer said rising investor activity is coming off rising prices across the other mainland states. 'Whether it's with the strong rate of return for rentals and strong demand, there's certainly a lot of people excited by the long-term prospects for Geelong,' he said. Most buyers now feel that we're over the hump, he said. 'All the correction activity has already been factored in. And now that potentially four or five potential interest rate reductions in the next short period of time, there's basically opportunity to get in at the bottom of the market.'
News.com.au
02-05-2025
- Business
- News.com.au
Hotspotting: Geelong's future hot spots to buy a home in now
The Geelong suburbs expected to see the best price growth amid the region's recovering house market are revealed in new data. The Autumn 2025 Price Predictor Index from Hotspotting shows steady rises in quarterly property sale trends across the Greater Geelong region, with half the suburbs given a positive outlook. Among the suburbs is a swath across the southern Geelong from Armstrong Creek, Mount Duneed and Waurn Ponds, to Highton, Belmont and Newtown where the rising volume of sales is expected to turn into rising prices by the end of the year. Why Geelong buyers can expect home prices to rise in 2025 Among them, Grovedale remains one of the most consistent markets according to the Hotspotting analysis which uses rising trends in sales activity to predict areas of future price growth. Fyansford, Leopold, Newcomb, Norlane and Point Lonsdale were other suburbs where sales trends were rising. Hotspotting founder Terry Ryder said once the sales volumes began rising in an area, prices often followed within six to nine months. 'What typically happens is that people won't get active until they read that there's a boom happening,' Mr Ryder said. 'But by then, they are missing the opportunity.' Mr Ryder said the rises in Geelong were steady as other research points to a recovery the market remained subdued for a significant period of time. 'We did see signs of an uplift in Ballarat and Bendigo, in terms of sales activity, so I'm not sure why it's not reflecting as strongly in Geelong – but I do expect it to,' Mr Ryder said. 'Geelong is one of the safest places in Victoria to own real estate.' Mr Ryder said fundamentals that indicated the city's home values would inevitably rise included its strong local economy, good employment options, its relative affordability compared to Melbourne and its appeal as a lifestyle area for families. Nation-leading population growth was another factor unpinning Geelong's prospects, PropTrack senior economist Anne Flaherty said, but the market was still dealing with the lingering effects of overheated during the Covid pandemic. Ms Flaherty said Geelong prices remained 11 per cent below the peak in the market in 2022, compared to 4.2 per cent across regional Victoria and 4 per cent in Melbourne. 'One of the reasons we did see those drops is that, in addition to very significant interest rate rises, demand for property in Geelong just drove a massive price growth during those years,' she said. 'As a result of that there was a period of readjustment when things reopened and once those interest rates were increasing over 2022 and 2023. 'There's still a long way to go for Geelong to recover those home values back to those peak levels.' To put that into perspective, Geelong's $725,000 median home price remains 26 per cent higher than before the pandemic in March 2020. Jellis Craig Geelong director Marcus Falconer expects a post-election bounce with many people ready to list after buyers return from April holidays. An interest-rate cut was 'almost certainly locked in' on May 20, he said. 'There's a lot of people that have sold homes looking to re-enter the market over the last quarter,' Mr Falconer said. 'There's also been a significant upswing in the level of investors returning to the Victorian market, which is a welcome trend.' Mr Falconer said rising investor activity is coming off rising prices across the other mainland states. 'Whether it's with the strong rate of return for rentals and strong demand, there's certainly a lot of people excited by the long-term prospects for Geelong,' he said. Most buyers now feel that we're over the hump, he said. 'All the correction activity has already been factored in. And now that potentially four or five potential interest rate reductions in the next short period of time, there's basically opportunity to get in at the bottom of the market.'
News.com.au
02-05-2025
- Business
- News.com.au
Melbourne's ‘supercharged' suburbs for 2025 revealed: Hotspotting Price Predictor Index
Melbourne's housing market is set for a monster comeback with almost two thirds of suburbs now on an upward trajectory, and battler 'burbs tipped for 'supercharged' price growth. A rise in sales activity in Sunbury has the area in Melbourne's north west ranked as the nation's top spot for a lift in house values this year. Craigieburn, Werribee, Caroline Springs, Hoppers Crossing and Deer Park have also been tipped for a boost. 'Choked out': concerning rise in insurance claims and home sales Respected property pundit and the author of the Price Predictor Index, Terry Ryder, has also earmarked units for 'supercharged' gains across suburbs including Docklands, Hawthorn East, Richmond and St Kilda. All told, the founder believes a whopping 63 per cent of all Melbourne's suburbs are now positioned for growth, and that the city is now the third best positioned region nationwide to grow in value in the year ahead. Only Darwin and regional South Australia are better placed for mass growth across their suburbs and towns. In his latest Price Predictor Index, Mr Ryder used a 16.4 per cent rise in sales activity across the city as a metric to track increasing demand that is likely to underpin rising prices in the near future, with bigger things expected for areas like Sunbury that have had sales surge from 140 a quarter early in 2023 to 250 in the final three months of 2024. It follows a surge in investor sales over the past few years that had the city's home values flat or falling from early 2022 until the tail end of last year. Mr Ryder said Melbourne's recovery had been 'quite a long time coming' after limited growth and even home value losses in various parts of the city at a time when other capitals had been rising. 'But the sales activity shows that things are improving,' he said. 'It's the beginning of a strong upward trend, and relative to other cities Melbourne is now very attractively priced. 'In a years time, we should see Melbourne doing much better than recent years.' The property pundit added that there were already signs of rising investor activity, and alongside population growth increasing homebuyer and renter demand, broad growth was looking likely within the next six to nine months. Mr Ryder added that with limited new supply being built some of Melbourne's long-term affordable unit markets, such as apartments in Docklands, were likely to experience growth as a result of buyers who wanted a home they could lock up and leave for convenience — not just something affordable. 'And now the construction industry doesn't have the capacity to build the number of apartments that Melbourne and other places need, or it's too expensive to build them. And that puts a floor under the value of existing ones — and therefore prices are rising.' Raine and Horne Sunbury's Amanda Burt said the suburb's property market had already 'changed significantly' compared to a year ago. 'Buyers are coming from Airport West and Niddrie, where they can't afford the homes anymore, but they see Sunbury is still 35 minutes from the city,' Ms Burt said. The agent said sales had surged again since the interest rate cut, and future cuts were expected to drive even more activity. In many instances, those who owned homes were now selling up to buy larger properties in the area or neighbouring suburbs such as Riddells Creek. Real Estate Institute of Victoria president Jacob Caine said there was a growing list of data points heralding a home price lift for Melbourne in 2025. 'When you look around the country, you see that Melbourne prices are comparatively affordable, but while Melbourne and Brisbane have historically traded places as the second most affordable capital, there's only so long Melbourne ever slips back,' Mr Caine said. 'The fundamentals of living in Melbourne and Victoria are just so strong.' Behind rising home sales numbers being observed by Mr Ryder, the agent said the city's blend of lifestyle, a strong economy as well as cultural and sporting attractions that consistently made it a draw card for population growth, underpinning long-term home value rises. PropTrack senior economist Anne Flaherty added that Melbourne's comparative affordability to other major capitals would help underpin the city as a leader for migration both internationally and from interstate, putting further upward pressure on home values this year. 'And, on top of that, Melbourne has a very diverse economy, with a lot of opportunities for jobs,' Ms Flaherty said. 'So Melbourne is ticking a lot of boxes for where people might want to live right now.' Supercharged Suburbs - Houses - median price Caroline Springs – $735,000 Craigieburn – $650,000 Deer Park – $666,500 Hoppers Crossing – $620,000 Sunbury – $670,000 Werribee – $610,000 Morwell (regional Victoria) – $340,000 Supercharged Suburbs - Units - median price Brunswick East – $535,000 Collingwood – $619,000 Docklands – $615,000 Hawthorn East – $577,500 Richmond – $579,999 St Kilda – $505,000 St Kilda East – $610,000
News.com.au
02-05-2025
- Business
- News.com.au
Qld leads nation with 15 ‘supercharged' property markets
Queensland has topped the nation for supercharged suburbs primed for price growth, with 15 city and regional locations flagged for soaring home sales. New research pinpointed 50 Aussie suburbs with the best prospects for investors, underpinned by a sustained rise in property sales. Hotspotting's Price Predictor Index (PPI) highlighted a total of 28 house and 22 unit markets, with the Sunshine State 'dominating' the seasonal list, report author and property analyst Terry Ryder said. 'The Supercharged Suburbs [are] places likely to deliver price uplift,' Mr Ryder said. 'Locations with a strong trend of rising sales activity from quarter to quarter are generally primed for price growth in the near future.' With most of the latest supercharged suburbs found in capital cities, Greater Brisbane's standout performers included house markets in Manly West, Thornlands, Regents Park, Victoria Point, and Banksia Beach, and units in New Farm, Upper Mount Gravatt, Woodridge and Calamvale. Four Gold Coast suburbs made the list, including Mermaid Beach, Palm Beach and Burleigh Heads for units, and Ormeau for houses. Other regional hotspots were houses in Redlynch, Cairns, and Sippy Downs, Sunshine Coast. Trailing Queensland, Victoria had 14 supercharged suburbs, NSW and South Australia seven each, the Northern Territory three, and both Western Australia and the ACT had two. New Farm recorded the highest quarterly sales of any Queensland suburb on the list with 91 unit sales in the most recent period, up from 52 a year earlier. Aaron Woolard, of Place Estate Agents, said New Farm's popularity had exploded with the gentrification of the area, with downsizing buyers finding value in the riverfront apartment market. 'New Farm always attracts such a wide demographic of buyers, and although investor inquiry has been a little lighter over the last few years, we are starting to see a comeback with the easing of interest rates and the strong rental demand in the area,' Mr Woolard said. 'The local apartment market continues to outperform surrounding areas and even houses, with the gap in price between the two sorts of properties decreasing.' Recent sales included $1.96m for a two-bedder in the riverfront Gemini building which had been held by the same family for more than 50 years, and a one-bedroom unit on Sydney Street sold for $640,000 to a first-home buyer who beat out three other offers made within days of listing. Mr Woolard said the last sale for that style of property was $595,000 six months ago, indicating intensifying demand for traditional investor stock. First-home buyers Flyn Park and Olivia Farrell knew they had to act quickly when they found their dream apartment in the inner-city hotspot, securing a riverview two-bedder for $785,000. It last sold three years ago for $500,000. The couple had narrowed their search to New Farm's classic 1970s-style brick buildings, seeking a unit in an elevated corner position to take advantage of the river breeze. 'I knew what I wanted. We were looking for some time, and we watched the market here go crazy,' Mr Park, 25, said. 'You want to buy in an area where lots of people want to live – so when we found what we were looking for, we jumped on it.' On the Gold Coast, Palm Beach jumped from 65 to 106 unit sales, while Burleigh Heads more than doubled from 35 to 101. Buyers agent Oliver Dunstan, of Rose and Jones, said rising sales activity was being driven by a mix of long-term owners cashing out and more recent buyers offloading properties due to increased holding costs. 'Coming from a low base level of sales volume over recent years, we have witnessed a mixture of long-term owners trading out of assets to release funds, but also vendors who bought at high prices during Covid and are now selling due to rising ownership costs,' Mr Dunstan said. 'Being such high-demand areas, vendors don't need to wait for market improvements — there's almost always a strong pool of buyers ready to act.' Mr Dunstan investor sentiment on the Gold Coast remained 'suppressed' due to broader economic uncertainty, but expected a rebound later this year after the federal election and predicted interest rate cuts. 'The rental market remains very competitive, so strong yields are still available for investors willing to enter the market,' he said. The report also noted Queensland's dominance among the nation's most stable property performers, with 13 suburbs making the Top 50 Most Consistent Markets. 'The value of consistent markets should not be overlooked,' Mr Ryder said. 'These often deliver good price growth and tend to be safe places to invest.' The Gold Coast's Hope Island, Robina and Mermaid Waters unit markets were all marked for sustained buyer demand, alongside affordable Brisbane growth pockets such as Caboolture South and Redcliffe. But not all markets were surging. Five Queensland suburbs were flagged among the nation's 30 worst performers — including Murrumba Downs, Newport and Redcliffe, where rising prices may be pricing out buyers. 'Prices in all three suburbs have steadily increased in the past two years and the slowdown of sales may now be reflective of traditional buyers in those markets now being priced out,' Mr Ryder said. Across the board, regional Queensland emerged as one of the nation's most promising investment prospects. Sales activity was up 20 per cent on last year and 24 per cent compared to two years ago, with major centres like Toowoomba, Rockhampton, Gladstone, Bundaberg, Townsville, Cairns, and the Whitsundays all recording strong upward trends. Aussies warned: One thing worse than dud rates On the Gold Coast, 64 per cent of markets posted positive transaction levels, with only three suburbs in decline. 'Sales activity has risen quarter by quarter over the past year,' the report noted. Brisbane was described as 'steady,' with sales volumes across Greater Brisbane up 13 per cent on the previous year and 30 per cent higher than two years ago. More than half of its suburbs recorded positive trends. 'The Brisbane market continues to be positive,' Mr Ryder said. 'Unit markets remain strong, comprising around 33 per cent of sales in recent quarters, up from 30 per cent a year earlier.' House markets in Ashgrove, Aspley, Springwood, Strathpine, and Capalaba were highlighted for strong sales growth, while unit markets in Milton, Carina, Cannon Hill, Teneriffe, and Woodridge were also rising.
