ARMSTRONG Creek has been ranked alongside Byron Bay as Australia\u2019s best investments amidst a housing boom.
\nDespite being one of Geelong\u2019s youngest suburbs, Hotspotting\u2019s Price Predictor Index has named Armstrong Creek amongst the nation\u2019s 50 housing markets to watch out for in 2021.
\nAt just 30 per cent developed, the suburb is expected to provide housing for up to 65,000 people on completion with 22,000 residential homes.
\nThe town received the ranking after sales continued to increase over consecutive quarters.
\nVillawood Properties is among the developers having huge success in the area with its 3000-lot community at almost 90 per cent sold.
\n\u201cArmstrong Estate has a new Neighbourhood Activity Centre coming this year, we have just opened a new park in our stage 43 and a new Men\u2019s Shed to be built shortly,\u201d a spokesperson said.
\nThis year Villawood Properties is anticipating to title up to 200 lots which will come from six stages.
\n\u201cLand sales have been very strong, selling as quickly as we release the land and launch new stages,\u201d the spokesperson said.
\n\u201cLast year was expected to be tough and it started that way but the announcement of the First Home Owner grant, coupled with first home buyers, spurred a surge in sales.\u201d
\nPrices have remained relatively affordable despite the increase in demand, making the area popular among first homeowners and young families.
\nThe appeal of the booming suburb is its convenient coastal access, as well as the local infrastructure including schools and health services.
\nJosh Carter sales consultant at Barry Plant in Highton described the area as being consistent across the board.
\n\u201cIt really does prove that the lifestyle is really in demand with our listed properties throughout 3217, averaging up to 15 groups per inspection even with COVID\u2019s restrictions,\u201d he said.
\nEven without Government incentives, Mr Carter believes the area will maintain its consistent sales with the median price making it the more affordable sea change for metropolitan families.
\n\u201cIt really is an exciting time to be in property in such a sought after location,\u201d he said.
\n\u201cThe amount of big business and government infrastructure being developed in the area is also a massive drawcard for families and investors to underpin themselves in the area.\u201d
\nLast month groundwork began for the second stage of development to the Town Centre.
\nThe second stage will see popular traders such as Dan Murphy\u2019s, KFC and Hungry Jacks added to the centre which is already being labelled the \u201csocial heart\u201d of the town.
\nThe City of Greater Geelong has said the urban growth area will include schools, government offices, accommodation and numerous shopping opportunities, with a predicted 22,000 jobs to be available in the area upon completion.
\nOwner of the Armstrong Creek Town Centre, Andrew Welsh said the rapid development will continue to deliver \u201chuge price growth and levels of demand\u201d in the area.<\/p>\n","protected":false},"excerpt":{"rendered":"
ARMSTRONG Creek has been ranked alongside Byron Bay as Australia\u2019s best investments amidst a housing boom. Despite being one of Geelong\u2019s youngest suburbs, Hotspotting\u2019s Price Predictor Index has named Armstrong Creek amongst the nation\u2019s 50 housing markets to watch out for in 2021. At just 30 per cent developed, the suburb is expected to provide […]<\/p>\n