Big-ticket coastal homes, mid-range family favourites, and Norlane affordability define this week’s diverse market
The Geelong property market remained energised through the week ending 24 May 2025, with prestige coastal homes commanding top dollar, family buyers flocking to the inner suburbs, and budget-conscious investors snapping up high-yield opportunities in Corio and Norlane. From Ocean Grove’s $1.8M townhouse to a surprise $1.4M Corio sale, the depth and diversity of this week’s results paint a clear picture: buyers are targeting lifestyle and location — and they’re not hesitating.
Here’s a breakdown of where the action was hottest and what it means for sellers heading into winter.
Prestige Sales – Ocean Grove, Barwon Heads and Belmont Dominate the Top End
Coastal prestige continues to lead the high end of the Geelong market, with Ocean Grove and Barwon Heads recording three seven-figure results — and an unexpected standout emerging from Belmont.
- 2/53 The Terrace, Ocean Grove, a three-bedroom, two-bath townhouse, sold for $1,825,000 via Lynley Bassett of Hayden Real Estate. Premium positioning and contemporary design drove this top-tier result.
- 24 Riviera Crescent, Ocean Grove, secured $1,615,000 through Lauren Conlon at Hodges Bellarine, while 28 Wyatt Street followed at $1,550,000, sold by Wayne Wrigley of Fletchers Bellarine. Both homes delivered scale, privacy, and sought-after views.
- 13 Mulgoa Court, Barwon Heads, fetched $1,440,000 via Peta Walter (Bellarine Property), reinforcing Barwon Heads’ unshaken position as one of the region’s most desirable lifestyle markets.
- 82 Roslyn Road, Belmont, reached $1,225,000, sold by Matthew Constantine of Barry Plant South Barwon. With four bedrooms and a large 855sqm block, the price reflects increasing prestige interest moving deeper into Belmont’s established pockets.
- 159–161 Bacchus Marsh Road, Corio, stunned at $1,400,000, managed by Chari Emirzade. This was a rare dual-lot sale, showing land value potential even in Geelong’s most affordable precincts.
Geelong’s top-tier market remains confidently active, particularly in coastal and high-growth locations.
Mid-Range Sales – Family Buyers Centre Stage in Highton, Mount Duneed, and Lara
Buyers in the $600K–$900K bracket dominated transaction volumes this week, particularly across Geelong’s high-performing growth belts.
- 29 Journey Crescent, Mount Duneed, sold for $715,000 via Jazz Singh of Jazz Real Estate, while 22 Dogwood Street hit $900,000 through Tahlia Huke (Oslo Property). With well-planned layouts and new infrastructure, Mount Duneed continues to thrive.
- 6 Wynfield Drive, Highton, reached $760,000 through Kieron Hunter, while 27 Ferndale Parade closed at $802,000. Highton remains bulletproof for upsizers and long-term family buyers.
- 51 Bourke Crescent, Geelong, achieved $1,047,500 via Shaun Carroll (McGrath Geelong), reflecting growing buyer appetite for updated period homes close to the CBD.
- 5 Birdwood Court, Lara, sold for $690,000, while 6 Yellow Avenue fetched $875,000, both with Peter Norman of Ray White. Buyers are clearly valuing Lara’s blend of space, accessibility, and future growth.
This segment is highly competitive — buyers are moving quickly and prepared to stretch budgets for quality in key locations.
Affordable Market – Norlane and Corio Drive Strong Volume and Steady Demand
Entry-level buyers and investors remain active, particularly in Corio, Norlane, Whittington, and select units in Grovedale and Belmont.
- 23 Ontario Avenue, Corio, sold for $540,000, 4 McShane Court at $482,500, and 54 Granault Parade at $500,000, all through Chari Emirzade of Barry Plant. Corio continues to deliver solid homes on large blocks with consistent yields.
- 1 Watsonia Grove, Norlane, transacted at $399,000, 8 Sparks Road followed at $435,000, and 52 Tallis Street (land) sold for $410,000. Affordable land and solid homes are keeping investor demand buoyant.
- 2/178 Coppards Road, Whittington, moved at $405,000, handled by Mark Melnyk of Barry Plant, while 1B Wilton Avenue, Newcomb sold for $490,000, via Rocco Simunic of Gartland.
- 5/52 Torquay Road, Belmont, a two-bedroom unit, sold for $520,500, offering strong value and walkability to High Street shopping.
- 13/27–29 Montague Street, Highton, closed at $420,000 via Roger Pedretti (Buxton), representing continued demand for low-maintenance dwellings in quality school zones.
Sub-$550K homes are selling quickly, with multiple offers common. This bracket remains the most accessible and competitive.
Suburb Standouts and Trends
- Ocean Grove had four sales over $900K — prestige demand remains sky high.
- Belmont’s $2.08M sale at 2A Settlement (14-bed block) shows rising developer activity in central suburbs.
- Mount Duneed continues to attract young families and professionals with newer stock and community infrastructure.
- Corio and Norlane remain investor darlings, with strong yield and subdivision potential in dual-fronted sites.
Emerging Buyer Behaviour
- Lifestyle-first decisions are driving prestige buys in coastal suburbs, even at record-setting prices.
- Mid-range buyers are expanding their search zones, often prioritising layout, land, and school zones over postcode prestige.
- Investor interest remains high, especially in areas where rental demand outweighs stock — such as Norlane and Corio.
- Developers and land bankers are becoming more visible in both Belmont and Corio, targeting oversized blocks and corner allotments.
Key Takeaways
- Ocean Grove led Geelong’s prestige segment with a $1.8M townhouse and three other $1.5M+ sales.
- Corio broke expectations with a $1.4M result — land value is rising even in affordable suburbs.
- Highton, Mount Duneed, and Lara continue to dominate the family-friendly mid-range.
- Norlane, Corio, and Newcomb are top picks for investors and first-home buyers alike.
- Buyers remain competitive and active across all price brackets — pricing correctly matters more than ever.
Market Outlook
As Geelong transitions into winter, buyer activity remains remarkably steady. Coastal prestige, inner-suburb family stock, and affordable investments are all in play — but with low listing volumes, buyers are acting fast.
For sellers, this is a high-impact window: demand is outpacing supply in most suburbs, and properties with strong presentation and realistic pricing are achieving standout results.