Leopold’s Gateway Plaza is a number one drawcard for shoppers.
OUT-OF-TOWN shoppers are snapping up properties in Leopold since the suburb continues to defy a downward price trend, a local precise belongings agent says.
Melbourne passion, along with that from investors, continues to push up the price of median properties throughout the outer jap suburb.
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The median house price now sits at $495,000, according to CoreLogic.
A very good performer over the past three years, with tough capital expansion of 34.9 in keeping with cent, Leopold added another 3.4 in keeping with cent up to now three months.
The property at 30 Carmichael Court, Leopold, is in the marketplace for $570,000 – $600,000.
Buxton agent Brett Johnston said affordable prices were proving the most important drawcard.
“People see value in Geelong as a whole, but Leopold is offering more bang for your buck. It far exceeds anything you can find in Geelong,” Mr Johnston said.
“Melbourne has not seen these prices since the nineties.”
Mr Johnston said a combine of new and former properties in Leopold were suitable for every first-home shoppers and investors, while 2nd and third homebuyers were moreover on the lookout for properties set on a large traditional-sized block.
Melbourne passion continues to push up prices in Leopold.
He said the expansion of the Gateway Plaza purchasing groceries centre had added much-needed infrastructure to the most popular suburb.
“The Kensignton Estate with its wide streets is highly-prized by newcomers and locals alike,” Mr Johnston said.
“The appeal of these properties is they don’t have a high rental yield and you can have a generous backyard to kick the football around without fear of it going over the fence,” he said.