RECENT generational change has opened the door for a new cohort of buyers to enjoy the bayside lifestyle in tightly held Rippleside.
The small bayside suburb has recorded several big sales this year, including a record $2.605 million result for a renovated Edwardian house on the waterfront.
Whitford, Newtown agent Heidi Trempel said several properties had come on the market recently as long-term residents sold up.
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Ms Trempel said the arrival of a new generation signalled exciting times and strong growth ahead.
“It was an area where people have been there for a very long time and it’s that regeneration that’s happening,” she said.
“It will really change over the next 10 years.”
She recently sold a five-bedroom, architect designed house at 36 Vautier St, Rippleside with an advertised price tag of $1.45 million to $1.52 million.
It echoed a similar pattern that’s emerged in the area of older houses being knocked down to make way for large, townhouse style builds.
Opportunities for such renewal projects are limited, with only about 15 properties changing hands in Rippleside this year.
Among these was the record-breaking 7 Balmoral Cres, a former harbour master’s residence which sold back in March.
Ms Trempel said Rippleside was only just starting to register on the radar of Melbourne buyers looking to relocate down the highway.
“Rippleside is a bit of a secret. No-one knows it from outside Geelong,” she said.
“Melbourne buyers are only just starting to recognise, that like Drumcondra, it’s close to the train station and highway.”