The Geelong property market rounded out the final week of June with confidence and diversity, showing healthy movement across the full spectrum—from multimillion-dollar prestige sales in Highton and Drumcondra to value-driven transactions in Norlane and Corio. This week’s activity confirmed the region’s broad appeal for downsizers, families, and investors alike, with key suburbs like Belmont, Highton, Armstrong Creek, Lara, and Geelong West dominating the sales landscape.
Topping the price charts this week was an extraordinary result at 50 Rivergum Drive, Highton, which sold for a staggering $3,100,000 through Belle Property’s Maree Corda. This five-bedroom, three-bathroom architectural residence with four-car accommodation on 937sqm underscores Highton’s status as a high-end lifestyle destination. The suburb continues to attract premium buyers looking for views, prestige builds, and proximity to the Barwon River.
Not far behind was a notable $1,515,000 result in Drumcondra, with Mitchell Falzon of The Geelong Agency handling the sale of 24 Wattletree Road. Positioned in one of Geelong’s most tightly held bayside pockets, this four-bedroom, character-rich home once again reinforced the draw of the waterfront fringe—where scarcity and charm converge.
Geelong West also stood out, with two strong results reflecting ongoing gentrification and buyer appetite. 145 Elizabeth Street sold for $774,000 under Max Hardwick of Buxton, while 39 Weller Street fetched $760,000 via Jellis Craig. Both sales demonstrate how this inner-urban precinct continues to thrive, with demand from young professionals and Melbourne buyers.
Belmont remained a consistent performer, led by Barry Plant’s Matthew Constantine, who sold 16 Oxford Street for $1,330,000. Meanwhile, a more modest but equally impressive result came at 19 Nott Street, which changed hands for $700,000 under Laura Vander Noord of Maxwell Collins. Belmont’s blend of schools, walkability, and proximity to High Street continues to make it a standout for families and investors alike.
Lara, one of the region’s growth hotspots, saw multiple sales between the mid-$600,000s and high $900,000s. Notably, 8 Cumberland Drive sold for $945,000 (Ray White), and 6 Hailar Lane fetched $634,000 (Ray White), reinforcing Lara’s growing appeal for those chasing space, infrastructure, and community—while remaining accessible to both Geelong and Melbourne via the freeway.
Armstrong Creek continues to dominate the family-friendly new estate market. 28 Restful Way sold for $650,000 through Gartland, and 19 Mallacoota Crescent reached $720,000 via Barry Plant. With multiple sales in this corridor, including at 19 Mulberry Street and 3 Muscat Place, buyers continue to show strong confidence in this emerging urban hub. The area offers newer homes, attractive price points, and convenience to surf coast roads, making it a reliable performer even during winter.
Over in Portarlington and St Leonards, lifestyle buyers made a splash. 6 Rosemary Court was sold for $1,050,000 by Stockdale & Leggo, while Bellarine Property moved 27 Blackwell Street, Ocean Grove, for $1,120,000. This coastal pocket remains a magnet for retirees, second-home seekers, and tree-changers, especially as demand pushes further down the Bellarine.
Corio and Norlane, often considered Geelong’s entry-level markets, proved their consistency with a raft of mid-$400k to low-$500k sales. 225 Princes Highway in Corio sold for $440,000 (Barry Plant), while 33 Robin Avenue in Norlane closed at $385,000 (Hayeswinckle). These figures illustrate the value proposition still available in the northern suburbs, particularly appealing to first-home buyers and investors chasing rental yield.
Leopold and Newcomb also continued their strong showing in the affordable family market. 98 Opal Drive in Leopold sold for $610,000 (Hayden Leopold), and a neat two-bedroom unit at 4/52-54 Wilton Avenue, Newcomb, moved for $447,500 (Barry Plant). Both suburbs are proving popular with buyers priced out of central Geelong or Highton, yet still wanting proximity to schools and shopping precincts.
Meanwhile, in Herne Hill, homes at 58 Kedleston Road and 25 Maurice Street both changed hands for over $600,000, confirming the ongoing growth of this central-west suburb that’s long been underrated. As gentrification progresses, expect Herne Hill to become increasingly prominent in sales figures.
Geelong’s eastern and northern fringe markets also showed activity. Bell Post Hill posted a $650,000 result at 30 Corinella Street, and Clifton Springs delivered several steady sales around the $600,000 mark. The coastal-adjacent suburbs of Drysdale, Curlewis, and Indented Head all made appearances, adding to the view that the Bellarine remains an active year-round market—not just a summer destination.
This week’s results across over 50 suburbs demonstrate that buyer confidence is resilient across Geelong’s housing spectrum. From high-end luxury homes in Highton and Drumcondra to affordable entry points in Norlane and Corio, the region continues to provide something for every type of buyer. What’s more, the consistent demand in suburbs like Belmont, Armstrong Creek, Lara, and Geelong West shows no signs of slowing down, despite the traditional winter lull.
As we close out the 2024–25 financial year, this week’s sales indicate a strong market foundation heading into July. With the local economy stable, infrastructure investment ongoing, and interest rates steady, the Geelong region appears well-placed to continue attracting attention—from both locals upgrading and city buyers seeking lifestyle and value.