All About Breakwater, Greater Geelong, VIC, 3219

Breakwater, a suburb in Greater Geelong, VIC, offers a distinctive housing market characterized by its affordability and potential for growth. Traditionally, Breakwater has been more affordable compared to some of the neighboring suburbs in the Geelong area, making it an attractive option for first-time homebuyers and investors looking for promising opportunities. The housing stock in Breakwater features a mix of older, established homes and newer developments, providing a variety of options for different buyer preferences. With its location just a short drive from central Geelong, residents can enjoy the benefits of suburban living with easy access to the amenities and employment opportunities of a larger city.

Living in Breakwater offers a balanced lifestyle with an emphasis on community and convenience. The suburb is known for its friendly, family-oriented atmosphere, with several parks and recreational areas, such as the Barwon River, providing residents with ample opportunities for outdoor activities. Breakwater also benefits from its proximity to Geelong's vibrant cultural and social scene, offering residents access to shopping, dining, and entertainment venues. Furthermore, the suburb's connectivity through major roads and public transportation enhances its appeal to commuters. With a growing interest in the area, Breakwater continues to develop while maintaining its charm and community-focused character, making it an appealing place to call home.

Breakwater Real Estate Market Outlook

Thinking about buying in Breakwater? Now could not be a better time, with 1236 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $696,000 with prices in this suburb ranging from $23,000 to $2,253,000. Breakwater is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Breakwater are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Breakwater provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Breakwater requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Breakwater we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Breakwater a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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