economic indicators - City of Greater Geelong

S2
rESIDENTIAL PROPERTY MARKET
TABLE 4: Median House Prices, Barwon Region 2008
Area
City of Greater Geelong
Median Price
2006
Median Price
2007
Median Price
2008
% Change
2007-2008
Growth % p.a.
1998 - 2008
Urban Geelong
Bell Park $232,000 $225,000 $237,500 6 10.7
Bell Post Hill $230,000 $254,000 $247,000 -3 9.2
Belmont $245,000 $262,000 $265,000 1 10.5
Breakwater $178,500 $198,750 $210,000 6 10.7
Corio $170,000 $175,000 $177,500 1 9.9
Geelong East $248,000 $283,000 $280,000 -1 12.0
Geelong City $320,000 $353,500 $369,950 5 10.1
Geelong South $300,000 $282,500 $304,500 8 12.0
Geelong West $265,000 $29,700 $320,000 8 13.6
Grovedale $253,000 $267,250 $287,000 7 9.9
Hamlyn Heights $229,500 $240,000 $272,000 13 11.2
Herne Hill $223,250 $245,000 $250,000 2 10.5
Highton $340,000 $342,000 $350,000 2 10.0
Lara $270,000 $275,000 $283,000 3 9.1
Leopold $267,000 $280,000 $289,700 3 9.6
Lovely Banks $299,250 $327,500 $355,000 8 10.7
Manifold Heights $316,000 $291,250 $384,000 32 12.1
Marshall $255,000 $270,500 $286,000 6 9.8
Moolap ^$205,000 $377,500 $422,500 12 10.8
Newcomb $191,500 $215,000 $212,000 -1 10.7
Newtown $357,000 $405,000 $400,000 -1 11.3
Norlane $140,000 $148,000 $153,000 3 9.8
North Geelong $225,500 $242,500 $247,250 2 11.6
North Shore $243,300 $215,000 $250,000 16 13.6
Rippleside ^$346,000 - - - -
St Albans Park $237,000 $256,500 $249,000 -3 N/A
Thomson $175,000 $187,000 $192,000 3 N/A
Wandana Heights $420,000 $386,000 $470,375 22 8.7
Waurn Ponds $329,000 $355,000 $360,000 1 11.2
Whittington $200,000 $212,500 $210,000 -1 8.7
Rural Geelong
Barwon Heads $420,000 $447,000 $475,000 6 15.1
Clifton Springs $250,000 $255,000 $264,500 4 10.8
Drysdale $278,000 $290,500 $285,950 -2 6.4
Indented Head $300,000 $298,000 $300,000 1 14.1
Ocean Grove $325,000 $356,300 $395,000 11 12.8
Portarlington $289,000 $292,000 $295,000 1 11.7
St Leonards $270,000 $257,000 $290,000 13 14.2
Wallington $525,000 - - - -
Total City $265,000 $277,250 $287,000 3.5 10.9
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