{"id":20312,"date":"2019-07-30T11:01:32","date_gmt":"2019-07-29T23:01:32","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=20312"},"modified":"2019-07-30T11:01:32","modified_gmt":"2019-07-29T23:01:32","slug":"the-boom-is-definitely-over-geelong-houses-record-biggest-slowdown-in-four-years","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/the-boom-is-definitely-over-geelong-houses-record-biggest-slowdown-in-four-years\/","title":{"rendered":"\u2018The boom is definitely over\u2019: Geelong houses record biggest slowdown in four years"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Housing construction has boomed in parts of Geelong. Photo: Pat Scala<\/strong><\/p>\n<p class=\"first-para\">Geelong\u2019s house prices have recorded their slowest rate of annual growth since 2015, with new data revealing the median price fell by 4.4 per cent in the June 2019 quarter alone.<\/p>\n<p>Data from Domain\u2019s June\u00a0<em>House Price Report<\/em>, released last Thursday, showed house prices in the major regional city fell to a median of $545,000 during the June quarter this year, the first time there\u2019s been a quarterly drop in over a year. The last time house prices fell in Geelong was the June quarter 2018, when they dropped by one per cent.<\/p>\n<p>Moreover though, it\u2019s the first time Geelong\u2019s median house price hasn\u2019t grown annually in four years. Domain economist Trent Wiltshire said it was a clear sign that the boom times were over.<\/p>\n<p>\u201cIt\u2019s a big slowdown. The Geelong boom is well and truly over. After years of growth, it\u2019s finally slowing down,\u201d he said.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/geelongs-house-prices-falter-but-unit-prices-up-during-the-june-quarter-863717\/\">DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Housing construction has boomed in parts of Geelong. Photo:<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/the-boom-is-definitely-over-geelong-houses-record-biggest-slowdown-in-four-years\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478098945,478101949,478106459,478098519,478106460,478098535,478106461,478098537,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098509,478098677],"class_list":["entry","author-data123nz","post-20312","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-domain","tag-geelong","tag-geelong-houses","tag-home-ownership","tag-house-price-report","tag-house-prices","tag-june-2019-quarter","tag-melbourne","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-victoria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018The boom is definitely over\u2019: Geelong houses record biggest slowdown in four years - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/the-boom-is-definitely-over-geelong-houses-record-biggest-slowdown-in-four-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018The boom is definitely over\u2019: Geelong houses record biggest slowdown in four years - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; PHOTO:\u00a0Housing construction has boomed in parts of Geelong. 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