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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.”