Investment Property in Geelong

Investment Real Estate in Geelong

Geelong property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Geelong .

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Search Map of Geelong Investment Real Estate

Geelong () (Wathawurrung: Djilang/Djalang) is a port city located on Corio Bay and the Barwon River, in the state of Victoria, Australia. Geelong is 75 kilometres (47 mi) south-west of the state capital, Melbourne. It is the second largest Victorian city, with an estimated urban population of 268,277 as of June 2018. It is also Australia’s second fastest growing city. Geelong runs from the plains of Lara in the north to the rolling hills of Waurn Ponds to the south, with Corio Bay to the east and the Barrabool Hills to the west. Geelong is the administrative centre for the City of Greater Geelong municipality, which covers urban, rural and coastal areas surrounding the city, including the Bellarine Peninsula.^{[note 1]}

Geelong was named in 1827, with the name derived from the local Wathaurong Aboriginal name for the region, Djillong, thought to mean “land” or “cliffs” or “tongue of land or peninsula”. Geelong City is also known as the ‘Gateway City’ due to its central location to surrounding Victorian regional centres like Ballarat in the north west, Torquay, Great Ocean Road and Warrnambool in the southwest, Hamilton, Colac and Winchelsea to the west, and the state capital of Melbourne in the north east.

The area was first surveyed in 1838, three weeks after Melbourne. The post office was open by June 1840 (the second to open in the Port Phillip District).
The first woolstore was erected in this period and it became the port for the wool industry of the Western District. During the gold rush, Geelong experienced a brief boom as the main port to the rich goldfields of the Ballarat district. The city then diversified into manufacturing, and during the 1860s, it became one of the largest manufacturing centres in Australia with its wool mills, ropeworks, and paper mills.

It was proclaimed a city in 1910, with industrial growth from this time until the 1960s establishing the city as a manufacturing centre for the state, and the population grew to over 100,000 by the mid-1960s. During the city’s early years, an inhabitant of Geelong was often known as a Geelongite, or a Pivotonian, derived from the city’s nickname of “The Pivot”, referencing the city’s role as a shipping and rail hub for the area. Population increases over the last decade were due to growth in service industries, as the manufacturing sector has declined. Redevelopment of the inner city has occurred since the 1990s, as well as gentrification of inner suburbs, and currently has a population growth rate higher than the national average.

Today, Geelong stands as an emerging health, education and advanced manufacturing hub.^{[citation needed]} The city’s economy is shifting quickly and despite experiencing the drawbacks of losing much of its heavy manufacturing, it is seeing much growth in other sectors, positioning itself as one of the leading non-capital Australian cities.^{[citation needed]} It is home to the Geelong Football Club, the second oldest club in the Australian Football League.

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The financial stability of Geelong has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Geelong

Renting out your Geelong buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Geelong are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Geelong and be prepared to change your initial outlook.
Thoroughly research the Geelong location with a special emphasis on fringe areas outside the main Geelong metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Geelong.
Ensure that your target investment property in Geelong appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Geelong properties yourself is an easy option, but are these savings justifiable when you run into Geelong red tape? Physis Realty Geelong office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Geelong buy-to-rent sector.

With our expert guidance, investing in Geelong provides the secure knowledge that your money is working harder than it would in a local Geelong bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Geelong, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Geelong property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Geelong

Flipping property in Geelong

Flipping property is when we advise clients to buy a Geelong property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Geelong market has a time to react to the renovation.

The Flipping Strategy in Geelong

Investment property flipping in Geelong is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Geelong real estate investments are sometimes referred to by professionals as ‘distressed’ Geelong real estate.

What is distressed Geelong property:

Geelong property in need of renovation
Geelong real estate with a change of purpose and use
Oversold Geelong property
Bank repossessions in Geelong

Put simply, long term investors in Geelong purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Geelong investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Geelong property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Geelong use a minimum profit value of 22% when looking at potential Geelong projects. The reason for this is because there are lots that can go wrong in Geelong property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Geelong

For luxury property investors hoping to add a superb property in Geelong to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Geelong, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Geelong should be entrusted to only the highest-quality agency.

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