/How a rich Bellarine Peninsula hamlet became one of Geelong’s cheapest suburbs

How a rich Bellarine Peninsula hamlet became one of Geelong’s cheapest suburbs

Janet Atkins running with her dog at Curlewis

Local agent Janet Atkins regularly walks with her dog Zany along the clifftop paths at Curlewis, which is now one of Geelong’s top 20 most affordable suburbs. Picture: Glenn Ferguson

A HIGH-end hideaway where wealthy families have enjoyed multimillion-dollar mansions on a secluded waterfront strip has turned into one of Geelong’s most affordable suburbs.

Curlewis has gone from a rich rural hamlet to an affordable hot spot where first-home buyers and downsizers have become the key demographic.

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This Hamilton Marino Builders house at 60 Avila Rd, Curlewis held a City of Greater Geelong record price after selling for $5.6 million in 2017.

The suburb held the record for the City of Greater Geelong’s most expensive house for a little over 12 months for a $5.6 million Avila Rd home overlooking Corio Bay.

What buyers have in common is the ability to share the incredible northern views from the You Yangs to Melbourne’s city skyline.

Property for sale at 140 Avila Road Curlewis

This Avila Rd, Curlewis, house sold for $4.35 million in 2009.

A CoreLogic study prepared for Aussie Home Loans showed the median house value in Curlewis was $512,340 this year, having experienced 6.4 per cent capital growth in the past 12 months.

The key price bracket from $400,000 to $600,000 accounts for 84 per cent of sales in Curlewis, while nothing was traded over $1 million in the past year.

But the report shows Curlewis’s median house value fell 12.9 per cent in the past decade as the area transformed from rural playground to Bellarine Peninsula growth area.

A first-home buyer has signed contracts for 7 Baybrook Ave, Curlewis, which was on the market for $530,000 to $560,000.

A decade ago the median house value for the area west of Jetty Rd was more than $588,000.

What’s changed is the Jetty Rd Urban Growth Area, a 310ha masterplanned suburb to contain 3300 dwellings on small suburban blocks when fully developed, with a population of more than 8000 people.

Hayeswinckle, Drysdale agent Janet Atkins is a long-term local resident who walks with her dog Zany every morning along the clifftop track at Curlewis.

Janet Atkins running with her dog at Curlewis

Local agent Janet Atkins regularly walks her dog Zany along the foreshore at Curlewis. Picture: Glenn Ferguson

Ms Atkins said it’s a price sensitive market.

“There’s lots of first-home buyers looking and also downsizers coming off bigger properties,” Ms Atkins said.

“It’s the local access to everything — the local school at Clifton Springs is not far away, you’re three minutes to the boat ramp and there’s a walking track at Curlewis that goes straight down to the bay,” she said.

Ms Atkins said it was a lifestyle market with affordable properties.

“You get new, shiny and modern, not dated, old and requiring repairs.”