A BELLARINE Peninsula town has been named among regional Victoria’s top property hot spots, according to new house price data.
Clifton Springs house prices jumped 5.4 per cent in the September quarter, according to the Real Estate Institute of Victoria Quarterly Median Price report, leading to a 10.4 per cent annual increase.
The figures show Clifton Springs’ median house price hit $511,000, up more than $26,000 on the same time last year.
It wasn’t the only hot spot on the Bellarine Peninsula, with Curlewis, Drysdale and St Leonards also recording double-digit price growth over the year, the report shows.
However the REIV excluded these towns from its top rankings due to the low volume of sales data it recorded.
Overall, Greater Geelong house prices remained flat over the quarter, but more significantly rose 4.1 per cent for the year to $567,250 in a further sign of a recovery in the housing market.
The results mirror monthly house price index results from CoreLogic and realestate.com.au, which shows Geelong property market was in positive territory again.