Sales data sourced from realestate.com.au
Momentum Carries Into May as Buyers Target Lifestyle and Value
Geelong’s property market carried its late-April momentum into the first week of May, delivering a broad cross-section of sales across prestige, middle-market, and entry-level price points. The week saw a solid number of homes transact via private treaty, reflecting buyer persistence amid tight listings and seasonally cooler conditions.
From a $1.4 million hillside retreat in Wandana Heights to a $270,000 one-bedder in North Geelong, the week’s results demonstrated the market’s versatility and ongoing buyer engagement across varied housing stock.
Prestige Sales Drive Demand in Coastal and Elevated Pockets
Prestige buyers remained active this week, with strong results across both coastal and elevated urban locations.
- In Wandana Heights, Stan Buzza of Barry Plant secured $1.4 million for 46 Moncrieff Crescent, a four-bedroom home on a generous 990 square metre block, further solidifying the suburb’s position as one of Geelong’s top-tier residential pockets.
- In Lara, Peter Norman of Ray White achieved $1.27 million at 495 Bacchus Marsh Road. With six bedrooms, four bathrooms and nearly two hectares of land, the sale highlighted ongoing demand for large family estates on the urban fringe.
- Ocean Grove saw multiple prestige transactions, including 1/4 Lyrebird Street, a modern townhouse sold for $990,000 by Liam Rock of Fletchers, and 9 Dolphin Court, sold by Kate Lane for $915,000.
- Barwon Heads also remained popular with downsizers and holiday buyers. Peta Walter of Bellarine Property sold 6/66-68 Hitchcock Avenue for $980,000 — a tidy two-bedroom apartment moments from the town centre.
Family-Focused Sales Keep Mid-Range Market Busy
The $600,000 to $900,000 bracket was active again this week, driven by family buyers across established and emerging suburbs.
- David McGuinness of McGrath Geelong sold 12 Murray Street, Highton for $698,000 — a three-bedroom home on a 652 square metre block in a tightly held enclave.
- Sam Parsons, also of McGrath, closed 2 Fairfield Avenue in Belmont for $706,000, appealing to buyers looking for proximity to schools and retail.
- In Hamlyn Heights, Ben Riddle of Buxton achieved $680,000 for 28 Quamby Avenue, a renovated three-bedder with solid land content.
- Ocean Grove continued its strong showing with three sales between $820,000 and $915,000, including 3/77 Dare Street ($847,000 by Toby Lee) and 19 Richard Avenue ($910,000 by Hugh McKewan).
Other strong performers in the mid-range bracket included:
- 20 Pine Avenue, North Shore — $940,000 (Michael Tricarico, Gartland)
- 2/10 Carramar Court, Highton — $840,000 (Heidi Trempel, Whitford)
- 8 Nash Avenue, Drysdale — $750,000 (Travis Smith, Harcourts Drysdale)
Corio, Newcomb and Norlane Deliver Affordability and Consistency
Geelong’s affordable belt once again proved its reliability, with strong turnover under $600,000 across Corio, Norlane and Newcomb.
- Chari Emirzade of Barry Plant led several Corio transactions, including 6 Harding Street ($552,000) and 149 Plantation Road ($460,000).
- Ali Bandari of Area Specialist sold 8 Banksia Square for $495,000, showcasing demand for entry-level homes with land.
- In Norlane, 48 Sparks Road sold for $370,000 via Leesa Van Drunen (Barry Plant), while 319 Princes Highway achieved $455,000 (Peter Norman, Ray White).
- Newcomb continued to attract value-focused buyers with 1/4 Francis Avenue selling for $480,000 (George Politis, Ray White Highton) and 6/57-59 Wilsons Road settling at $450,000 (Michael Tricarico, Gartland).
Unit Market Sees Renewed Activity Across Key Hubs
Units and townhouses transacted steadily this week, highlighting growing buyer interest in low-maintenance, well-located options.
- 1/178 Roslyn Road, Belmont — $437,000 (Matt Hunt, Buxton)
- 4/43 Helms Street, Newcomb — $432,000 (Michelle Winckle, Hayeswinckle)
- 6 Woorayl Street, Hamlyn Heights — $550,000 (Tony Moorfoot, Buxton)
- 3/15 Matthews Street, Grovedale — $510,000 (David Sprague, Belle Property)
- 19 Coxon Parade, North Geelong — $270,000 (David Gray, Buxton), the lowest price recorded this week
Key Takeaways and Suburb Highlights
- Highton and Belmont remain cornerstone performers, with strong demand for older homes on large blocks and stylish units near schools and shops.
- Ocean Grove and Barwon Heads continue to attract premium interest, especially in walkable locations near the beach and town centres.
- Corio, Norlane and Newcomb show stable turnover and remain a magnet for first-home buyers and investors chasing rental returns and development upside.
- Lara and Drysdale held their ground as lifestyle and semi-rural alternatives to central Geelong, with solid prices and diverse buyer profiles.
Market Outlook
As we step into May, the Geelong market continues to demonstrate breadth, stability and buyer confidence. Agents report that well-presented homes in strategic locations are receiving strong interest early in campaigns, with multiple offer situations still common below $800,000.
With interest rates holding and rental supply remaining tight, local buyers, investors and tree-changers are expected to maintain momentum into the cooler months. Expect continued strength in family-oriented suburbs and premium lifestyle zones, while affordable outer suburbs will keep turning over high volume.
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