Lift in Property Market Makes it a Great Time to Downsize

Local house prices are back on the rise, making it an excellent time to sell your family house and downsize to a brand new, beautifully-appointed home at Bellarine Springs Retirement Village.

For example, according to the Real Estate Institute of Victoria (REIV), the median price for a house in Geelong West has increased by 7.2% in the past 12 months (June Quarter 2018-June Quarter 2019), putting the current median in that suburb at $700,000. Over a five-year period, the Geelong West median has increased by 26.7% (or $187,000).

Closer to Bellarine Springs, recent REIV figures put house prices in Drysdale up 2.8% in the last quarter to June 2019, with houses in Clifton Springs up 3% over the same period.

Chris-maree Wilson from Bellarine Springs, says the improvement in the property market makes now the “perfect time” for anyone aged 55 or over to consider making a move to Bellarine Springs.

“By selling the family home for a good price now and moving to a new home at Bellarine Springs, most singles and couples aged 55-plus may find they can free-up money to really enjoy themselves,” Chris-maree says.

“Better yet, they will become part of a welcoming community, enjoy access to an array of fantastic lifestyle facilities and have more time to make the most of everything the beautiful Bellarine Peninsula has to offer.”

Sales Manager Chris-maree Wilson