Reventon Investment Hot Spot Series - Spotlight on Geelong

Geelong’s economy is thriving, boosted by the arrival of government agencies like NDIS and WorkSafe. New businesses in the sectors of transport, postal & warehousing and construction are opening up, improving job prospects.

Rapid population growth has been a driving factor behind large amounts of money being spent on infrastructure - in particular improved transport links - and commercial projects. Government agencies are being relocated to Geelong, hotels are being built and residential estates are springing up across the region, providing a lure for first-home buyers.

Geelong has now secured a $355 million City Deal, an arrangement which unites three levels of government, to focus on urban development and jobs growth.

Billions of dollars of construction work – both residential and commercial - is under way and there are billions more in the pipeline.

The property market remains strong, producing growth in both March and April 2020 despite the Covid-19 lockdown impacts. Some suburbs have produced double-digit growth in the last 12 months and vacancies are very tight in many areas.

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