Geelong’s rapid growth can cause affordability warning

Geelong rising property price raise concerns for the affordability if it maintains the upward trend.Greater Geelong recorded the strongest house price growth in Victoria over the June quarter, according to the Domain Group House Price Report released on Thursday. The area, which included suburbs from Lara (about 20 kilometres north of Geelong city) to Leopold (10 kilometres to the south) saw the median house price jump 3.7 per cent for the quarter to $530,000.[...]