The Geelong property market has experienced another dynamic week from 16th to 22nd March 2025, with robust activity across various suburbs and price brackets. From entry-level homes in Corio and Hamlyn Heights to luxury properties in Barwon Heads and Belmont, the week’s transactions highlight the region’s diverse and resilient real estate landscape. This comprehensive analysis delves into the week’s sales, emerging trends, and the broader economic factors influencing Geelong’s property market.
High-End Sales Making Waves
Barwon Heads has once again proven its allure for premium buyers. Levi Turner of Bellarine Property orchestrated the sale of 5 Mulgoa Court for $1,150,000. This character-filled residence, set on a substantial 684m² block, boasts raked ceilings and distinctive architecture, reflecting the high demand for unique coastal properties. Its proximity to the Barwon River further enhances its appeal, offering a coveted lifestyle that blends tranquillity with accessibility.
In Belmont, the market demonstrated its versatility. Adam Natonewski of Ray White achieved a notable sale at 24 Hill Street, securing $1.1 million for a sleek 4-bedroom home on a 636m² parcel. This contemporary residence caters to the upscale segment, offering modern amenities and spacious living areas. Conversely, George Politis, also from Ray White, facilitated the sale of 58 Davis Street, a more modest 3-bedroom home, for $620,000. This transaction underscores Belmont’s capacity to cater to a broad spectrum of buyers, from those seeking luxury to those entering the market.
Rippleside also witnessed significant activity. Carl McCann of Buxton successfully sold 6 Liverpool Street for $1,275,000. Situated mere moments from the waterfront, this 4-bedroom home exemplifies the strong buyer interest in properties that offer both lifestyle and convenience near Geelong’s CBD.
In North Geelong, the sale of 21 Craddock Street for $1.02 million, managed by Tom Butters of Buxton, highlights the suburb’s growing appeal. This charming weatherboard home, set on a generous 681m² block, combines classic aesthetics with ample space, attracting buyers seeking character and functionality.
Coastal Confidence: St Leonards & Ocean Grove
The coastal regions of the Bellarine Peninsula continue to attract significant buyer interest. Lachlan Campbell of Neville Richards dominated the St Leonards market with multiple impressive sales:
- 21 Mariners Street – Sold for $1,133,000
- 39 Miranda Crescent – Sold for $1,130,000
- 22 Duchess Drive – Sold for $625,000
- 2/43 Leviens Road – Sold for $580,000
- 6 Waters Way – Sold for $570,000
These transactions underscore the sustained demand in St Leonards, particularly for newer homes that offer modern living spaces and proximity to the coast. The diversity in price points also indicates accessibility for a range of buyers, from those seeking luxury residences to more affordable options.
St Leonards is a tranquil coastal town known for its pristine beaches and relaxed atmosphere. It offers residents a peaceful lifestyle with access to essential amenities, including shops, cafes, and medical facilities. The town is also a gateway to various recreational activities such as fishing, boating, and beachcombing. Its appeal lies in its blend of natural beauty and community spirit, making it an attractive destination for retirees and holidaymakers alike.
In Ocean Grove, Toby Lee of Bellarine Property achieved one of the week’s highest regional sales, securing $1.32 million for 18 Bonnyvale Road. This stylish two-storey residence appeals to both upsizers and sea changers, reflecting the ongoing trend of buyers prioritising lifestyle and modern amenities in coastal settings.
Ocean Grove is one of the largest towns on the Bellarine Peninsula, offering a vibrant community with a host of amenities. The town boasts expansive surf beaches, a bustling shopping precinct, and numerous schools, making it ideal for families. Its thriving arts and culture scene, along with various festivals and markets, add to its charm.
Lara: Space, Value & Demand Keep the Market Buzzing
Lara continues to affirm its reputation as one of Geelong’s most dynamic growth suburbs. This week alone, 10 properties changed hands across a broad range of price points, showcasing just how active the market remains. Notable sales included 2 Loretta Close, a 5-bedroom family home on 784m² that fetched $780,000, and 38 Caddys Road, which sold for $847,500 — both demonstrating strong buyer appetite for large family homes on generous blocks.
Agents like Matthew Wade-Taylor (Ray White) and Ali Bandari (Area Specialist) featured prominently, reflecting consistent demand across both established areas and newer pockets. The standout result at 72–74 Blackbird Circuit, a 936m² property that sold for $745,000, speaks to the premium buyers place on spacious allotments with lifestyle flexibility. Buyers from Geelong and outer Melbourne are zeroing in on Lara for its value proposition — larger homes, modern estates, and easy rail access to the city.
Its semi-rural charm, proximity to the You Yangs, and ever-growing infrastructure (including schools, shopping, and recreation facilities) make Lara an appealing destination for families, investors, and even retirees downsizing from acreage. With land sizes and affordability hard to match elsewhere, it’s no surprise Lara is leading the region in transaction volume.
HigHighton: Prestige Meets Lifestyle in One of Geelong’s Most Desirable Suburbs
Highton remains one of the most tightly held and highly sought-after pockets in the Greater Geelong market, and this week’s sales only solidified that status. 22 Horizon Court achieved an impressive $1.21 million under Ben Riddle of Buxton, and 6 Wickenby Court changed hands for $900,000, with Nikolett Pesti from Ray White securing the deal.
Both homes offered spacious floorplans, high-end finishes, and enviable proximity to the Barwon River, leading schools, and Highton Village — a lifestyle trifecta that keeps demand in the area extremely competitive. The suburb’s hilly topography means many homes enjoy panoramic views over the city or river valley, adding a premium to pricing that’s often justified by lifestyle quality.
Families and professionals love Highton for its tree-lined streets, architectural diversity, and access to parks and trails. Investors are increasingly turning to Highton as well, given the consistent capital growth and tight rental vacancy rates. With Deakin University and Epworth Hospital nearby, the tenant pool is also reliable and well-resourced.
As one of Geelong’s blue-chip areas, Highton continues to perform above regional averages, with buyers often willing to pay a premium for position, quality, and prestige.
Hamlyn Heights: A First-Home Favourite That Keeps Drawing Crowds
Situated just west of the Geelong CBD, Hamlyn Heights continues to attract first-home buyers, renovators, and investors seeking location and affordability in one neat package. This week, multiple sales in the area underlined strong demand. 2/15 Sheridan Street, a two-bedroom townhouse with stylish interiors and open-plan living, sold for $572,000 via Jasmin Jurkovic of McGrath, while 5/47 Sladen Street, a neat 2-bedroom unit, fetched $350,000, handled by Alex Ilyin of Ray White.
With median house prices sitting comfortably below the city’s inner-ring suburbs, Hamlyn Heights offers excellent value for those entering the market. Its proximity to Geelong West, Pakington Street, schools, and public transport keeps it firmly on buyer shortlists. The area also enjoys steady capital growth thanks to its well-built 1950s and 60s housing stock, often set on generous blocks ripe for renovation or redevelopment.
What sets Hamlyn Heights apart is its quiet, community-friendly feel — ideal for young families — paired with increasing amenity upgrades. We’re seeing more café culture emerge along Minerva Road and Vines Road, boosting the lifestyle appeal without compromising the suburb’s laid-back vibe. Expect Hamlyn Heights to keep growing in popularity as affordability pressures ripple out from Geelong’s inner suburbs.
Bell Park: Underrated No More — Solid Homes, Great Yields, and Strong Demand
Bell Park has long been one of Geelong’s hidden gems — but that’s quickly changing. This week’s sale of 15 Karlovac Court for $620,000, managed by Maleena Nguyen of Ray White, is a case in point. The 3-bedroom brick home offered a converted studio and outdoor entertaining area, attracting buyers who value versatility — including work-from-home creatives, growing families, and investors.
What makes Bell Park shine is its combination of affordability, amenity, and generous block sizes. Many homes sit on 600m²-plus parcels and offer solid construction, often with room for extension or dual occupancy potential. As buyers become priced out of nearby suburbs like Herne Hill and Geelong West, Bell Park is increasingly viewed as the next logical step — particularly given its proximity to schools, shopping strips, and major arterials like the Princes Highway and Ring Road.
The rental market here is also strong, with investors capitalising on Bell Park’s appeal to long-term tenants seeking family-friendly homes with access to schools and public transport. While it may not have the name recognition of some neighbouring suburbs, savvy buyers are taking notice — and the upward trend in sales volumes and prices reflects that shift.
Corio: Affordability Powerhouse with Major Upside
Corio continues to be one of Geelong’s most affordable and active suburbs, especially among first-home buyers and investors chasing yield and long-term growth. This week, three standout sales show the suburb’s broad appeal. 6 Officer Court sold for $527,000 (Ali Bandari, Area Specialist), featuring a fresh renovation, 3 bedrooms, and 608m² of land. Over at 31 Paley Drive, Peter Norman of Ray White secured $537,500 for a tidy 3-bedder on 588m². These mid-500s results reflect a steadily climbing market without sacrificing value for buyers.
Corio’s biggest drawcard remains its price point. It offers free-standing homes on large blocks for the same cost as a unit in more central suburbs. But affordability isn’t the only story. Ongoing infrastructure investment — including the Northern Aquatic & Community Hub and upgrades to Corio Village — is changing perceptions. Newer estates such as Rose Park and Cowies Hill are also introducing modern stock that appeals to younger families.
The suburb’s convenient access to the Ring Road, local schools, and shopping precincts means Corio is no longer just a stepping stone — for many, it’s a destination in its own right. Rental demand is strong, and yields often exceed 5%, making it a smart play for portfolio builders as well.
Grovedale: Steady Performer with Broad Appeal
Tucked between Waurn Ponds and Belmont, Grovedale continues to deliver solid results for buyers seeking dependable suburban living close to major amenities. This week saw two notable transactions: 214 Barwarre Road, a three-bedroom brick veneer home on 448m², sold for $520,000 through Maleena Nguyen of Ray White; and 4 Jutland Court, a slightly larger home on 609m², fetched $550,000 with Kristy Wild from Stockdale & Leggo at the helm.
Grovedale’s enduring popularity lies in its location and price point. With easy access to Deakin University, Epworth Hospital, Waurn Ponds Shopping Centre and Marshall train station, it’s a suburb that suits students, professionals, downsizers, and families alike. The stock is mostly 1980s and early 2000s brick homes — durable, low-maintenance, and often sitting on decent land. As the Surf Coast Highway continues to grow in activity, Grovedale residents benefit from improved road infrastructure and connectivity.
While median price growth has been more modest than some fringe suburbs, Grovedale remains incredibly stable. Investors appreciate the suburb’s low vacancy rates, while owner-occupiers love the community feel and access to schools, parks, and the Surf Coast. With prices still under the $600K mark in many parts, Grovedale is a prime example of Geelong value.
Armstrong Creek: The New Frontier for Family Living
Armstrong Creek has evolved into one of the region’s most successful masterplanned communities, and this week’s seven sales confirm its status as a buyer favourite. Standout results include 88 Coastside Drive ($665,000, Jake Equid of Natural Real Estate), 14 Restful Way ($670,000, Stan Buzza of Barry Plant), and 172 Batten Road ($615,000, David Graham of Stockdale & Leggo). These homes exemplify what Armstrong Creek does best — modern layouts, turnkey finishes, and amenity-driven location.
The suburb is a magnet for young families and professionals who want new homes without the inflated price tags of inner-city Geelong. With Armstrong Creek Town Centre now well established — featuring major supermarkets, retail, and hospitality — residents no longer need to travel far for daily needs. Education is also a drawcard, with several public and private schools now operational, including Iona College and Armstrong Creek School.
Armstrong Creek has become an ideal launchpad for coastal living too, sitting just 15 minutes from Torquay and the Surf Coast. This has made it popular with sea changers, as well as hybrid workers who value lifestyle and space. With new stages still rolling out and infrastructure catching up rapidly, Armstrong Creek remains a long-term play for both homeowners and investors seeking capital growth.
Mount Duneed: Stylish, New, and In Demand
Neighbouring Armstrong Creek, Mount Duneed continues to cement its reputation as one of the most desirable new suburbs in the region — especially for upsizers and young families. This week’s sales offer a snapshot of this popularity. 24 Motion Drive, a quality four-bedroom home on 490m², sold for $733,000 via Callen Lowther of Armstrong Real Estate, while 13 Unico Circuit fetched $710,000 (Egle Skridulis, McGrath). 19 Withers Street, a smaller 291m² property, still commanded a strong $610,000, highlighting that even compact lots are in high demand.
Mount Duneed attracts buyers with its wide streets, landscaped estates, and access to Club Armstrong — a residents-only facility offering pools, gym, and tennis courts. This “lifestyle suburb” vibe is further elevated by proximity to The Village Warralily, Baanip Boulevard for easy commuting, and access to Surf Coast beaches. The housing stock is modern, well-appointed, and energy-efficient, ticking all the boxes for contemporary buyers.
The suburb’s proximity to Armstrong Creek education precincts and the Geelong Lutheran College campus adds further value. Prices are now sitting comfortably in the $650K–$750K range for most homes, with some premium stock edging above $800K. For buyers chasing new, stylish homes in a growth corridor with a strong community vibe, Mount Duneed is an undeniable winner.
A Market Built on Momentum, Diversity and Demand
The Geelong property market continues to power forward with impressive momentum, showcasing not only strong demand across a range of price points but also the remarkable diversity that defines the region’s real estate landscape.
From high-end coastal homes in Barwon Heads and Ocean Grove commanding north of $1.1 million, to entry-level properties in Norlane and Corio attracting savvy first-home buyers and investors, this week’s results illustrate that Geelong has a home — and a price point — for every type of buyer. The market is no longer just about central suburbs or coastal glamour; it’s about well-connected growth corridors like Armstrong Creek and Mount Duneed, family-favoured hubs like Lara and Highton, and steady performers like Belmont, Grovedale and Bell Park.
What’s particularly striking in this week’s sales activity is the consistency. Whether it’s a character-rich home in Newtown, a fresh build in Mount Duneed, or a tidy unit in Hamlyn Heights, well-priced properties are finding buyers quickly. Stock continues to move across all segments, often within days of hitting the market — and while price growth may be slowing compared to the peaks of recent years, buyer confidence remains rock solid.
Suburbs like Lara are emerging as major sales engines, with their balance of affordability, space and commuter convenience making them an unbeatable package. Meanwhile, established areas like Highton and Belmont prove their enduring appeal with strong, stable results. Even traditionally overlooked areas such as Bell Park and Hamlyn Heights are now commanding competitive interest, driven by remote work trends, creative renovations, and relative affordability.
Agents with hyperlocal expertise — from the coast to the city fringe — are thriving, turning around sales efficiently and often achieving above-expectation results. Their local knowledge, pricing precision, and tailored marketing are clearly resonating with an active and informed buyer base.
In summary, this week has once again confirmed that Geelong’s property market is not only resilient — it’s thriving through diversity. With interest rates holding, new infrastructure fuelling demand, and stock levels still catching up, the city remains a magnet for buyers at every life stage.
Looking ahead, we can expect more listings as we edge closer to Easter, but don’t count on a flood. If anything, we’re heading into the cooler months with hot competition still on the cards. Whether you’re buying, selling, or simply watching the market — Geelong is delivering stories worth following week after week.
All sales data referenced from realestate.com.au.