Victorian state election 2022: How home prices have changed in your electorate since 2018

House prices in rapidly growing electorates have boomed the most between state elections, exclusive new data reveals. Search your seat.

Southern Geelong suburbs Mt Duneed and Armstrong Creek, in the seat of South Barwon, have matured since the last state election.

House prices in rapidly growing Geelong and Surf Coast electorates have boomed the most between state elections, the Herald Sun can reveal.

South Barwon, taking in Geelong suburbs Highton, Waurn Ponds and Grovedale — and stretching to growth areas Mt Duneed and Armstrong Creek — had its median house price surge 160 per cent in the past four years to $760,000, exclusive PropTrack data shows.

Bordering electorate Polwarth, home to all of the Great Ocean Road’s real estate from Torquay to Port Campbell, as well as inland to Colac, rose 132.5 per cent to $930,000.

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Nearby regions Bellarine and Wendouree also made the top five, with Bass (from Pearcedale, to Phillip Island and Inverloch) joining the western electorates at the top of the list.

PropTrack economist Paul Ryan said all electorates had double digit price growth since last election, but house prices in some near Geelong and the Mornington Peninsula had doubled.

Buxton Highton director Tony Moorfoot said Covid migration to the region was a key driving factor behind the price boom over the past four years.

“Geelong wasn’t locked up to the same extent as Melbourne; people were looking to get out in search of more lifestyle benefits, and found they could get more bang for their buck away from the city, and that coincided with working from home,” he said.

A shopping centre at Armstrong Creek on Torquay Rd opened in 2020.

The four-bedroom house at 4 Bellini Court, Grovedale, is for sale for $749,000-$799,000.

“When Covid hit … 30-50 per cent of inquiries would have come from Melbourne, now that’s levelled off to about 15-20 per cent, but it would have at least doubled over that period.”

Mr Moorfoot also noted the maturity of growth zone suburbs Mt Duneed and Armstrong Creek, with new shopping centres, schools and sporting clubs popping up between elections.

Great Ocean Properties director Marty Maher said Baby Boomers’ plans to move coastal were accelerated by the pandemic — and all of them acting at once added further to the boom.

The four-bedroom house at 192 Surf Pde, Inverloch, in the seat of Bass, is for sale for $2.2m.

Ray White Inverloch principal Fiona McMahon Hughes said Bass was in a “sweet spot” two hours from Melbourne and buyers had brought forward retirement plans through the Covid.

She said the new Wonthaggi Hospital was among key infrastructure improving in the area and “both parties have pledged a lot more money” for further stages.

Mr Ryan said development to the west and north of Melbourne over the past four years was “likely to have had a significant impact” on their demographics.

Xavier Rudd’s former house at 40 Bells Blvd, Jan Juc, in the seat of Polwarth, is on the market with price hopes from $4.3m-$4.5m.

The musician built the eco-friendly dream home.

“These electorates are likely to have younger demographics now and voters are likely to be more concerned about the provision of services to the newer development regions.

“Similarly, migration to regional Victoria – Geelong in particular – will have changed the demographics of this region towards a younger populace.”

The PropTrack data uses the same geographic area to compare prices then and now; some electorates have had their boundaries redrawn since the 2018 poll.

The six-bedroom house at 1193 Great Ocean Rd, Big Hill, is for sale for $8m-$8.5m.

It’s priced for a Big Hill and Lorne area record.

It’s on the cliffside of the Great Ocean Road.

HOUSE

state_electorate, current median, 1 year % change in median, 4 year % change in median

South Barwon (Western Victoria), $760,000, 47.6%, 160.3%

Polwarth (Western Victoria), $930,000, 28.3%, 132.5%

Bass (Eastern Victoria), $760,000, 31.0%, 118.4%

Bellarine (Western Victoria), $885,000, 35.9%, 111.7%

Wendouree (Western Victoria), $571,000, 22.8%, 107.6%

Ripon (Western Victoria), $470,000, 32.4%, 100.0%

Gippsland South (Eastern Victoria), $535,000, 34.1%, 93.8%

Ovens Valley (Northern Victoria), $580,000, 28.9%, 87.1%

Morwell (Eastern Victoria), $420,000, 31.3%, 86.7%

Bendigo East (Northern Victoria), $590,000, 25.5%, 84.4%

South-West Coast (Western Victoria), $570,000, 31.0%, 83.9%

Kalkallo (Northern Metropolitan), $660,000, 21.1%, 81.8%

Eureka (Western Victoria), $630,000, 16.9%, 80.0%

Kororoit (Western Metropolitan), $675,000, 33.4%, 79.5%

Gippsland East (Eastern Victoria), $493,000, 31.5%, 79.3%

Shepparton (Northern Victoria), $430,000, 26.5%, 79.2%

Bendigo West (Northern Victoria), $600,000, 20.0%, 78.6%

Melton (Western Victoria), $550,000, 34.1%, 78.6%

Lowan (Western Victoria), $335,000, 21.8%, 76.3%

Narracan (Eastern Victoria), $667,000, 23.1%, 76.0%

UNIT

state electorate, current median, 1 year % change in median, 4 year % change in median

South-West Coast (Western Victoria), $416,000, 21.6%, 79.3%

Shepparton (Northern Victoria), $290,000, 24.5%, 61.1%

Morwell (Eastern Victoria), $280,000, 21.2%, 58.2%

Euroa (Northern Victoria), $370,000, 9.5%, 57.4%

Bellarine (Western Victoria), $708,000, 28.0%, 57.3%

Polwarth (Western Victoria), $850,000, 30.8%, 54.5%

Bendigo West (Northern Victoria), $411,000, 26.5%, 54.5%

Wendouree (Western Victoria), $385,000, 10.0%, 54.0%

Lowan (Western Victoria), $283,000, 9.7%, 53.0%

Gippsland East (Eastern Victoria), $365,000, 23.7%, 52.7%

Murray Plains (Northern Victoria), $340,000, 22.7%, 47.8%

Bass (Eastern Victoria), $520,000, 18.2%, 47.3%

Macedon (Northern Victoria), $603,000, 11.7%, 47.1%

Benambra (Northern Victoria), $330,000, 19.1%, 46.7%

Eureka (Western Victoria), $420,000, 10.5%, 46.3%

Lara (Western Victoria), $500,000, 19.9%, 44.9%

Ovens Valley (Northern Victoria), $340,000, 6.3%, 43.5%

South Barwon (Western Victoria), $549,000, 2.8%, 42.2%

Bendigo East (Northern Victoria), $375,000, 13.6%, 41.5%

Geelong (Western Victoria), $560,000, 11.1%, 40.0%

*Ripon has been excluded for units since it has

OVERALL

state electorate, current median, 1 year % change in median, 4 year % change in median

South Barwon (Western Victoria), $740,000, 42.3%, 147.5%

Polwarth (Western Victoria), $900,000, 26.8%, 119.5%

Bass (Eastern Victoria), $740,000, 30.3%, 112.0%

Wendouree (Western Victoria), $550,000, 22.2%, 107.5%

Bellarine (Western Victoria), $865,000, 33.1%, 106.0%

Ripon (Western Victoria), $465,000, 32.9%, 98.7%

Gippsland South (Eastern Victoria), $515,000, 33.8%, 88.0%

Ovens Valley (Northern Victoria), $550,000, 26.4%, 83.3%

South-West Coast (Western Victoria), $549,000, 30.1%, 83.0%

Bendigo East (Northern Victoria), $575,000, 26.4%, 82.5%

Morwell (Eastern Victoria), $400,000, 29.0%, 81.8%

Eureka (Western Victoria), $610,000, 18.4%, 79.9%

Kalkallo (Northern Metropolitan), $650,000, 22.6%, 78.1%

Gippsland East (Eastern Victoria), $480,000, 31.5%, 77.8%

Shepparton (Northern Victoria), $410,000, 27.7%, 76.0%

Bendigo West (Northern Victoria), $580,000, 20.8%, 75.8%

Narracan (Eastern Victoria), $645,000, 22.9%, 74.8%

Lowan (Western Victoria), $330,000, 20.0%, 73.7%

Benambra (Northern Victoria), $500,000, 28.9%, 72.4%

Melton (Western Victoria), $540,000, 33.0%, 71.4%

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