Torquay becomes popular realty destination in Australia

1 min read

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Several seaside lovers are flocking to snap up real estate in Torquay which is fast becoming one of Australia’s most popular real estate destinations in current times. Torquay offers prospects of a seamless commute to the city of Melbourne and this has helped it draw several buyers who now wish to settle down near the coast and raise their families here.

Plans have already been unveiled for a future railway link to the Surf Coast hotspot and this will only make Torquay more enticing for buyers in the Melbourne real estate market. Prices of homes in Torquay have already touched $785, 000 and capital growth has been steady at 9.3% over the last year as per reports. According to experts, the market is easing up a little though demand continues to be really strong for quality homes. Buyers are even willing to pay more to secure the best locations.

Torquay offers a particular type of lifestyle which is attractive to several buyers. Several people are moving here to raise their families while living closer to the beach at the same time. From Geelong, it is easier to commute across to Melbourne courtesy the new railway stations that have come up at Waurn Ponds and Marshall. There are several families who are also looking to develop their own homes in Torquay. Several premium homes are also selling here for price points between $1.2-1.3 million as per reports. Buyers are also impressed by the fact that there are several high quality schools and other educational institutions in Geelong including Deakin University. There are good medical care centres such as the Epworth Hospital and other necessary amenities.

These lifestyle amenities have made Torquay more attractive for families. With massive connectivity projects lined up for the future, Torquay will only get more enticing for homebuyers from Melbourne.

Resident Editor