Geelong's Hidden Gem: A Blue-Chip Suburb That Still Offers Value

Highton has emerged as a standout suburb in Geelong's property market, offering a unique blend of affordability, lifestyle, and potential for long-term growth. Located just 5 kilometres from the Geelong CBD, Highton is a highly sought-after area, with its tree-lined streets, historic homes, and picturesque views of the surrounding countryside.

The current market trends make Highton an attractive option for investors and homebuyers. With Melbourne sellers ditching auctions due to a lack of confidence, and the median house price in Victoria sitting at around $680,000, Highton's median house price of $640,000 is a significant drawcard. The suburb's proximity to the Geelong CBD, which is undergoing significant renewal, and its easy access to the Surf Coast, make it an ideal location for those looking for a lifestyle change.

Local Amenities and Infrastructure

Highton is home to a number of local amenities, including the Highton Shopping Village, which features a range of specialty stores, cafes, and restaurants. The suburb is also close to the Barwon River, which offers scenic walking and cycling trails, and is just a short drive from the Geelong Botanic Gardens. The nearby Armstrong Creek growth area is also set to benefit Highton, with the development of new infrastructure, including roads, schools, and community facilities. Organisations such as the City of Greater Geelong and the Geelong Regional Library are also investing in the area, with the library's Highton branch offering a range of programs and services for locals.

According to data from the Real Estate Institute of Victoria, the median house price in Highton has increased by 10.3% over the past 12 months, with the average rental yield sitting at around 3.5%. The suburb has also seen a significant increase in sales activity, with 120 houses sold in the past year, at a median price of $635,000. On Montpellier Street, a renovated three-bedroom house sold for $720,000 in June, while on Scenic Avenue, a four-bedroom house with views of the Barwon River sold for $850,000 in May.

For investors and homebuyers looking to get into the Highton market, now is a good time to act. With interest rates remaining low, and the suburb's infrastructure and amenities continuing to improve, Highton is set to remain a popular choice for years to come. The City of Greater Geelong's Urban Renewal Program, which aims to revitalise the Geelong CBD and surrounding suburbs, is also set to benefit Highton, with a range of initiatives and investments planned for the area. As the Geelong property market continues to grow and evolve, Highton is shaping up to be a blue-chip suburb that still offers value, making it an attractive option for those looking to invest in the region.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.