We talk to commercial developer Bill Votsaris and discuss the future infrastructure plans of Geelong. This is an investment from local and federal government, on both sides of politics.
While Geelong is classified as a regional precinct, it really is a city by many measures. The opportunity and timing is perfect for property investment in the region. This has short and medium term potential for people looking to invest in the City of Geelong and surrounding areas.
One of the biggest factors that is impacting property values is the economy is transitioning from mass-production manufacturing (i.e. end of Ford) into professional services. For example, the beginning of WorkSafe, TAC, NDIS, and surrounding industries, such as insurance and law industries that are present in Geelong. This has flow-on impact that increases local incomes and allows for investing in properties with greater financial freedom.