Is it good to buy a house or investment property in Geelong? Let’s find out.
When coronavirus first came to Australia, few predicted just how much it would change our lives. One of the biggest changes was the shift from traditional office work to remote work. Employees in their droves were forced to stay home for work.
Many Australians saw this as an opportunity to move away from the crowded Melbourne CBD and inner-city suburbs to more remote and rural suburbs. Without the need to visit an office every day, many people could now work from home permanently and live in more affordable areas away from the city.
This trend of moving out into cheaper more rural suburbs and areas hasn’t stopped yet. One of the areas that have really felt the effects of this trend is Geelong. With the 2020 pandemic came many government incentives to help support new home buyers. One that really supported the big push to regional areas like Geelong was the government’s Home Builder scheme. This allowed a lot of first-home buyers to jump straight into the property market and speed up population growth in regional areas like Geelong.