Looking to the New Year, it is worth a quick recap on the remarkable growth area that Armstrong Creek is and what its likely fortunes will be in 2019.<\/p>\n
As a growth area, the Armstrong Creek precinct will ultimately have a total of 22,000 lots, hosting a population of some 60,000 people when it\u2019s completed.<\/p>\n
Since it began, seven years ago now in 2012, approximately 25 per cent of the total lots across all the Armstrong Creek projects have been sold.<\/p>\n
That\u2019s one quarter, leaving another three-quarters \u2013 another 75 percent \u2013 still to come. It shows what a massive project it is and how much the population of Geelong is growing.<\/p>\n
As this growth unfolds, it is interesting to notice the shape the wider region will also take.<\/p>\n
For instance, there will be lots of discussion about areas such as Torquay where Spring Creek is now facing a new debate about its future.<\/p>\n
Spring Creek\u2019s development was on the cards for a long time in the past.<\/p>\n
It is now being re-examined for the future by various parties.<\/p>\n
It will be very interesting to see what rolls out, what the result of that discussion will be, in 2019.<\/p>\n
In the meantime, Torquay continues to be a strong seller, although with very limited stock available. Other
\nareas, like the Bellarine, also have reasonably limited supply.<\/p>\n
In general, however, Geelong and the Surf Coast, because of the lifestyle and price they offer, will remain really good value compared to Melbourne.<\/p>\n
The Melbourne market has slowed down dramatically after the credit squeeze brought on largely by the banking royal commission.<\/p>\n
But Geelong and the Surf Coast haven\u2019t been as harshly affected and appear set for a strong future in the New Year compared to the market rollercoaster in Melbourne.<\/p>\n","protected":false},"excerpt":{"rendered":"
Looking to the New Year, it is worth a quick recap on the remarkable growth area that Armstrong Creek is and what its likely fortunes will be in 2019. As a growth area, the Armstrong Creek precinct will ultimately have a total of 22,000 lots, hosting a population of some 60,000 people when it\u2019s completed. […]<\/p>\n