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It is due to the affordability and it's still got a bit to go...

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mad_doggy911

660 Posts.

19

11/09/18

20:48

Post #: 35532722
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Originally posted by Goblin ↑

Geelong still booming....

Bidders out in force as Geelong auction clearance rate hits 91%. VICTORIA East Geelong agent Stacey Hayes said more active buyers had hit the market in September.ACTIVE buyers are out in force as Geelong’s auction market finished the second weekend in spring with a 91 per cent clearance rate.While the number of homes going to auction is slowly rising from the traditional late winter slump, only a handful of the 27 properties offered to buyers at the weekend remained on the market on Monday.Geelong’s preliminary auction clearance rate is up from 61 per cent the previous weekend and streets ahead of Melbourne, where 62.4 per cent of homes found buyers.It was the best result in Geelong since February and a return to regular post-80 per cent results from auction until July.

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It is due to the affordability and it's still got a bit to go IMO. No where in Geelong is too far to drive. Anything within a 7km radius of the CBD should still see some growth.
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