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style=\\\"line-height: 125%;\\\">Some Geelong market highlights from a recent regionally based Property Council market update:<\\/p>\\n<ul style=\\\"line-height: 125%;\\\">\\n<li style=\\\"line-height: 125%;\\\">Construction costs in Geelong are comparable to Melbourne.<\\/li>\\n<li style=\\\"line-height: 125%;\\\">Rental market demand has been rising steadily since 2020, undersupply of available stock.<\\/li>\\n<li style=\\\"line-height: 125%;\\\">Geelong is projected to reach 500,000 residents by 2050<\\/li>\\n<li style=\\\"line-height: 125%;\\\">Internal migration concentrated in southern suburbs (Charlemont, Grovedale, Armstrong Creek).<\\/li>\\n<li style=\\\"line-height: 125%;\\\">International migration is strongest in central and Northern Geelong.<\\/li>\\n<li style=\\\"line-height: 125%;\\\">The dwelling value to income ratio currently sits at approximately 7x annual wage<\\/li>\\n<li style=\\\"line-height: 125%;\\\">Avalon Airport continues to grow (due to increase in freight, 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style=\"line-height: 125%;\">Some Geelong market highlights from a recent regionally based Property Council market update:</p>\n<ul style=\"line-height: 125%;\">\n<li style=\"line-height: 125%;\">Construction costs in Geelong are comparable to Melbourne.</li>\n<li style=\"line-height: 125%;\">Rental market demand has been rising steadily since 2020, undersupply of available stock.</li>\n<li style=\"line-height: 125%;\">Geelong is projected to reach 500,000 residents by 2050</li>\n<li style=\"line-height: 125%;\">Internal migration concentrated in southern suburbs (Charlemont, Grovedale, Armstrong Creek).</li>\n<li style=\"line-height: 125%;\">International migration is strongest in central and Northern Geelong.</li>\n<li style=\"line-height: 125%;\">The dwelling value to income ratio currently sits at approximately 7x annual wage</li>\n<li style=\"line-height: 125%;\">Avalon Airport continues to grow (due to increase in freight, defence, and industrial activity)</li>\n<li style=\"line-height: 125%;\">The Geelong Convention Centre is expected to become the leading regional events destination once open mid-year.</li>\n</ul>\n","cats":[{"term_id":6,"name":"Market","slug":"market","term_group":0,"term_taxonomy_id":6,"taxonomy":"topics","description":"","parent":0,"count":28,"filter":"raw","term_order":"0"}],"seo":false,"cats_all":[{"wordpress_id":2,"title":"Construction update","slug":"update"},{"wordpress_id":6,"title":"Market","slug":"market"},{"wordpress_id":17,"title":"Projects","slug":"projects"},{"wordpress_id":5,"title":"Team","slug":"team"}]}}},"staticQueryHashes":["1567926623","1567926623"]}