Geelong Property Market Wrap – Week Ending 11 May 2025
All data sourced from realestate.com.au
Broad-Based Buyer Activity Closes Out the First Half of May on a Strong Note
Geelong’s residential market has pushed firmly into May, delivering a steady flow of sales across both premium coastal and inner-city locations, as well as investor-friendly suburbs like Corio, Norlane, and Newcomb. This past week’s activity provided a clear indication that buyer interest remains spread across all price points, from entry-level units under $500,000 to high-end homes exceeding $1 million in premium pockets like Manifold Heights, Ocean Grove, and Geelong West.
With more than 40 reported sales across the region, Geelong’s market continues to demonstrate resilience and depth. Private treaty remains the preferred method of sale, with most properties moving in reasonable campaign windows thanks to strong engagement from both local and out-of-area buyers.
Let’s dive into the key movements across Geelong’s key market segments.
Prestige Buyers Remain Active Across Manifold Heights, Geelong West, Ocean Grove and Indented Head
Topping this week’s results was a standout sale by David Gray of Buxton Highton, achieving $1,887,500 for 41 Wimmera Avenue in Manifold Heights. This substantial four-bedroom, two-bathroom home with a three-car garage drew the attention of prestige buyers seeking proximity to Geelong’s elite schooling precincts and Pakington Street lifestyle.
In Geelong West, Will Ainsworth of Gartland secured $1,245,000 for 128 Verner Street, a beautifully appointed three-bedroom, two-bathroom home on 337 square metres. This sale continues to affirm Geelong West’s reputation as a premium lifestyle destination for downsizers and professionals.
Ocean Grove saw coastal demand remain strong with multiple high-end results, including:
- 19 Cutter Street, sold by Nick Ford of RT Edgar Bellarine for $1,327,000
- 3/77 Dare Street, sold by Toby Lee of Bellarine Property for $847,000
- 9 Dolphin Court, sold by Kate Lane of Bellarine Property for $915,000
Indented Head also made a mark with 39 Amalfi Way selling for $1,211,000, handled by Stan Buzza of Barry Plant Geelong, alongside a premium coastal holding at 5-7 Martin Street selling for $1,300,000 through Mitchell Falzon of The Geelong Agency.
These results showcase continued depth at the higher end, with buyers chasing lifestyle, proximity to the coast, and high-quality homes with minimal renovation requirements.
Mid-Range Market Holds Firm Across Belmont, Hamlyn Heights, Lara and Leopold
The mid-range market between $600,000 and $900,000 remained active, particularly in family-friendly suburbs like Belmont, Lara, and Leopold.
Michelle Winckle of Hayeswinckle Highton achieved $1,007,000 for 38 Oxford Street, Belmont, showing that premium homes in this suburb continue to attract strong buyer competition.
In Lara, standout results included:
- 10 Fairway Drive, sold for $1,050,000 by Matthew Wade-Taylor of Ray White Lara
- 62-64 Reflections Crescent, sold for $675,000, also by Matthew Wade-Taylor
- 6 Derwent Street, sold for $670,000 by Mitchell Falzon of The Geelong Agency
- 45 Wetherby Circuit, sold for $682,000 by Kade Camilleri of Buxton Lara
Leopold also performed well with:
- 22 Fairvista Avenue, sold for $695,000 by David Pemberton of Hayden Leopold
- 26B Mollers Lane, sold for $695,000 by Mark Melnyk of Barry Plant Geelong
- 16 Grassland Grove, sold for $618,000 by Tiffany Simpson of Hayeswinckle East Geelong
These sales confirm that buyers in the mid-range are prioritising lifestyle, accessibility to schools and shops, and modern homes requiring little to no immediate work.
Affordable Homes and Investor Activity Stay Consistent in Corio, Norlane and Newcomb
Geelong’s north and eastern suburbs continue to perform strongly in the affordable bracket, particularly for investors and first-home buyers.
Highlights this week include:
- 18 Virgillia Square, Corio, sold for $480,000 by Chari Emirzade of Barry Plant South Barwon
- 6B Eumeralla Street, Corio, sold for $432,000 by Ali Bandari of Area Specialist Geelong City
- 8 Banksia Square, Corio, sold for $495,000 by Ali Bandari
- 57B Olympic Avenue, Norlane, sold for $530,000 by Eric Ly of Harcourts North Geelong
- 48 Sparks Road, Norlane, sold for $370,000 by Leesa Van Drunen of Barry Plant Geelong
In Newcomb, 1/4 Francis Avenue achieved $480,000 through George Politis of Ray White Highton, with 6/57-59 Wilsons Road selling for $450,000 via Michael Tricarico of Gartland Geelong.
These results reflect consistent investor appetite for well-located homes on decent block sizes, particularly where rental yields remain competitive.
Coastal and Lifestyle Markets on the Bellarine Stay Strong
Bellarine suburbs like Clifton Springs, St Leonards, and Portarlington continue to draw lifestyle buyers and downsizers. This week’s coastal results included:
- 31 Yarramundi Drive, Clifton Springs, sold for $560,500 by Sam Lawrence of Stockdale & Leggo Drysdale
- 12 Georgina Avenue, St Leonards, sold for $900,000 by Lachlan Campbell of Neville Richards Real Estate
- 2 Dunstan Street, St Leonards, sold for $530,000 by Craig Casey of Pavilion Property Group
- 1/29-31 Drysdale Street, Portarlington, sold for $520,000 by Luke Campbell of Neville Richards Real Estate
These suburbs remain popular for retirees and holiday-home seekers looking for affordable coastal living compared to more expensive options like Barwon Heads or Ocean Grove.
Key Takeaways
- Prestige homes above $1 million continue to sell well in Manifold Heights, Ocean Grove, Indented Head, and Geelong West
- Mid-range family homes between $600,000 and $900,000 show sustained demand in Belmont, Lara, Leopold, and Hamlyn Heights
- Investor and first-home buyer segments remain active in Corio, Norlane, and Newcomb with prices holding in the $400,000 to $500,000 range
- Bellarine Peninsula lifestyle suburbs continue to attract interest, particularly from downsizers and holiday-home buyers
Market Outlook
As Geelong moves deeper into May, market conditions suggest that buyer confidence remains strong across the board. With interest rates appearing stable for the time being and rental pressure still pushing investors into action, the market is maintaining healthy momentum.
Buyers are clearly favouring well-presented homes with modern updates, off-street parking, and low-maintenance yards. Properties that offer these features continue to attract multiple offers and secure faster campaign results.
With winter fast approaching, motivated sellers are encouraged to list sooner rather than later to capitalise on the active pool of buyers still hunting for quality homes.
Are you ready to move on your property goals?
If you’re thinking of selling, investing or buying in the Geelong region, now is the time to connect with a local agent who understands the nuances of this diverse market. Reach out today to position your property for standout results in this competitive climate.