Greater Geelong Growth Areas: 61 Estates [Oct 2020]

The Greater Geelong Urban Growth Areas consist of 3 major housing areas defined by the City of Greater Geelong, as part of the G21 Regional Growth Plan¹ the region aims for population growth to 500,000 by 2050.  The key growth town-centres are Armstrong Creek, Lara West and Jetty Road (Drysdale).

Buyer Benefits in Geelong

Due to the City of Greater Geelong being categorised as a regional area city council, $20,000 FHOG (First Home Owners Grant) may be applicable for buying or building a new home at $750,000 or less², alongside the existing stamp duty concessions for first home buyers.

The $25,000 HomeBuilder Grant from the Federal Government package may also apply if you enter the building contract by the 31st of December 2020 and intended to live in. More details can be found on the Treasury website https://treasury.gov.au/coronavirus/homebuilder.

References:

1. Greater Geelong Growth Areas by City of Greater Geelong
2. FHOG for regional Victoria - frequently asked questions