{"id":103027,"date":"2025-05-03T04:00:00","date_gmt":"2025-05-02T18:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/?p=103027"},"modified":"2025-04-30T16:58:19","modified_gmt":"2025-04-30T06:58:19","slug":"town-snapshot-armstrong-creek-2","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/town-snapshot-armstrong-creek-2\/","title":{"rendered":"Town snapshot \u2013 Armstrong Creek"},"content":{"rendered":"

THE size of Armstrong Creek is approximately 18.7sqkm and has multiple parks covering nearly 6 per cent of total area.<\/strong><\/p>\n

The population of Armstrong Creek in 2016 was 4,237 and by the 2021 Census the population was recorded at 11,247 showing a population growth of 172 per cent in the area during that time.<\/p>\n

The actual population is expected to be nearly double that of the last Census, considering the amount of new homes built since 2021.<\/p>\n

Armstrong Creek has developed into a dynamic younger community with shopping, education, health, recreation, and public transport right at their door.<\/p>\n

The City of Greater Geelong\u2019s population forecast for Armstrong Creek is to grow to 25,274 by 2041.<\/p>\n

The longer term vision for the Armstrong Creek growth area is to provide housing for between 55,000 to 65,000 people which is estimated to be around 22,000 residential homes, and to provide 22,000 jobs, with a focus on high technology jobs and developing synergies with Deakin University.<\/p>\n

There are two dedicated employment precincts in the growth area: the North East Industrial Precinct and the Western Industrial Precinct.<\/p>\n

The Major Activity Centre is also providing large scale employment opportunities across Armstrong Creek along with schools and community facilities.<\/p>\n

The new $1 billion Armstrong Creek Town Centre is proving popular with residents and visitors alike with new local businesses and national brand stores coming online.<\/p>\n

Presently serviced by the Marshall and Waurn Ponds Station, a rail connection to Torquay is also referenced through the framework plan that makes provision for a land corridor that runs from the existing Warrnambool- Melbourne line to the south of the growth area, which will ultimately allow for a rail connection to Torquay.<\/p>\n

CoreLogic data indicates the predominant age group in Armstrong Creek is 30-39 years with households in Armstrong Creek being primarily couples with children and are likely to be repaying on average $1,800 per month on mortgage repayments, and in general, people in Armstrong Creek work in a professional occupation.<\/p>\n

AGENT PERSPECTIVE:<\/strong><\/p>\n

\u201cThe Armstrong Creek property sales market has been strong over the past three months and it\u2019s only becoming more active with buyers week by week.<\/p>\n

\u201cWith the positive discussions of further potential interest rates cuts coming very soon, a lot of first homebuyers that had been sitting back waiting, have re-entered the market to purchase.<\/p>\n

\u201cThe time is now for buyers to be purchasing as I believe we have seen the bottom of the market from the property price correction over the past 18 months, the renewed interest levels and recent sales are providing this evidence.<\/p>\n

\u201cWill property prices go up? That is what we would all love to know, however we are consistently selling properties at our Vendors expectations, or above their expectations, which is a great sign for sellers.<\/p>\n

\u201cProperty enquiry has increased again through interstate Buyers Advocate\u2019s, investors, and local homeowners looking to upgrade or get into the market.\u201d<\/p>\n

\u201cA recent result from team McGrath was 14 Whitford Street Armstrong Creek which sold for $890,000.\u201d<\/p>\n

Sam Parsons \u2013 McGrath Estate Agents<\/em><\/p>\n

\"\"<\/p>\n

 <\/p>\n

TIDBIT:<\/strong><\/p>\n

The brand-new Armstrong Creek Library & Community Hub is a great community asset for residents of this growing suburb<\/p>\n

Population: 11,247<\/p>\n

Male: 48.5%<\/p>\n

Female: 51.5%<\/p>\n

Median age: 30<\/p>\n

5 year population change: 172%<\/p>\n

House median sales price: $650,000<\/p>\n

Change in median price: (5yrs) 20.8%<\/p>\n

Median asking rent per week: $520<\/p>\n

Average length of ownership: 5 years<\/p>\n

Owner occupiers: 75%<\/p>\n

Renters: 25%<\/p>\n

House median value:<\/strong><\/p>\n

March 2025: $698,500<\/p>\n

March 2024: $709,210<\/p>\n

March 2023: $713,600<\/p>\n

March 2022: $777,400<\/p>\n

March 2021: $638,530<\/p>\n

House sales per annum:<\/strong><\/p>\n

Period ending March 2025: 470<\/p>\n

Period ending March 2024: 335<\/p>\n

Land median sale price:<\/p>\n

March 2025: $374,900<\/p>\n

March 2024: $353,500<\/p>\n

Land sales per annum:<\/strong><\/p>\n

Period ending March 2025: 185<\/p>\n

Period ending March 2024: 164<\/p>\n","protected":false},"excerpt":{"rendered":"

THE size of Armstrong Creek is approximately 18.7sqkm and has multiple parks covering nearly 6 per cent of total area. The population of Armstrong Creek in 2016 was 4,237 and by the 2021 Census the population was recorded at 11,247 showing a population growth of 172 per cent in the area during that time. The […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":156,"featured_media":103028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-103027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nTown snapshot \u2013 Armstrong Creek - Bellarine Times<\/title>\n<meta name=\"description\" content=\"Discover Armstrong Creek! 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