Welcome to this week’s comprehensive Geelong real estate market update. Over the past seven days, a total of 56 properties were sold across the Greater Geelong region. This week’s transactions highlight the continued strength of the Geelong housing market, with properties spanning a wide price range, from affordable entry-level homes to high-end luxury estates.
Geelong property sales continue to attract strong buyer interest across suburbs such as Ocean Grove, Armstrong Creek, Grovedale, Clifton Springs, and Corio. The demand for well-located properties is consistent, with multiple offers received on well-presented homes. Whether buyers are buying a house in Geelong for investment or residential purposes, the market remains competitive.
Market Overview
During this week, we observed a steady mix of buyers, including first-home purchasers, investors, and upsizers looking for larger family homes.
- Luxury homes continued to perform well, with multiple properties selling above the $1 million mark.
- Mid-range properties, between $500,000 and $800,000, remained highly competitive, attracting strong buyer interest.
- Affordable homes below $500,000 saw movement, proving that entry-level buyers are still active in the market despite broader economic conditions.
The Geelong real estate market forecast remains stable, with continued demand across different property segments. Buyers are also considering lifestyle changes, with tree-change and sea-change movements increasing demand for properties outside Melbourne in locations such as Geelong, Bellarine Peninsula, and Surf Coast.
Notable Sales
Several key transactions this week reflect the diversity of sales across different price brackets:
High-End Sales ($1M+)
- 98 Ramblers Road, Portarlington – Sold for $2,240,000 (Agent: Luke Campbell, Neville Richards). This stunning beachfront home commanded a premium price due to its breathtaking views and prime location.
- 18-24 Dawn Place, Wallington – Sold for $1,900,000 (Agent: Lauren Conlon, Hodges). A picturesque acreage property offering the perfect blend of rural living and modern comfort.
- 132 Powell Street East, Ocean Grove – Sold for $1,500,000 (Agent: Brock Grainger, RT Edgar). This architecturally designed home featured premium finishes and high buyer demand.
Mid-Range Sales ($500K – $900K)
- 48 Calder Street, Manifold Heights – Sold for $1,052,500 (Agent: Will Ainsworth, Gartland). A charming family home with strong appeal.
- 1 Amicus Street, Ocean Grove – Sold for $875,000 (Agent: Liam Rock, Fletchers). A modern home in a family-friendly neighbourhood.
- 17 Griffith Street, Grovedale – Sold for $750,000 (Agent: Ben Powe, Ray White). A spacious home with contemporary features.
Affordable Market Highlights (Under $500K)
For budget-conscious buyers, properties under $500,000 in Geelong suburbs property remained attractive:
- 3/24-26 Merlin Crescent, Corio – Sold for $405,000 (Agent: Peter Norman, Ray White)
- 10 Orchid Street, Norlane – Sold for $415,000 (Agent: Leesa Van Drunen, Barry Plant)
- 2/9 Heyers Road, Grovedale – Sold for $485,000 (Agent: Tony Moorfoot, Buxton)
These properties highlight the growing trend of affordable homeownership in Geelong, making the region a hotspot for first-home buyers and investors. With Melbourne buyers searching for better value outside the metro area, Geelong investment properties continue to attract strong interest.
Suburb Breakdown & Trends
- Ocean Grove real estate continues to thrive, with multiple homes selling above $1M, reinforcing its reputation as a desirable coastal market.
- Armstrong Creek property sales remain strong, with new housing developments attracting first-home buyers and investors alike.
- Geelong investment properties are in high demand, particularly in Corio and Norlane, where rental yields remain competitive.
- New builds in Armstrong Creek, Mount Duneed, and Charlemont continue to dominate sales, offering modern living with proximity to Geelong’s CBD.
- Geelong real estate agents report that multiple-offer scenarios are still common, especially in high-demand suburbs like Newtown, Belmont, and Highton.
Emerging Market Trends
- Geelong auction results indicate continued competition, particularly for well-presented homes in sought-after suburbs.
- Geelong property trends show that new builds are in demand, with buyers seeking energy-efficient and modern homes.
- Median house price in Geelong 2025 remains stable, with values holding strong despite broader economic shifts.
- Geelong real estate agents are reporting increased buyer activity, particularly from those looking to relocate from Melbourne.
- Best suburbs to buy property in Geelong now include areas like Herne Hill, Bell Post Hill, and East Geelong, which offer strong value for money.
- Recent property sales in Geelong indicate that townhouses and duplexes are becoming a more attractive option due to affordability constraints.
Market Outlook
The Geelong property market remains stable and competitive. With interest rates steady, we expect continued momentum in the coming weeks, especially in high-demand suburbs. The increasing presence of Melbourne buyers in the Geelong region is also driving property appreciation, particularly in areas closer to the coastline and major transport links.
For sellers, the market remains favourable, particularly for those offering well-presented homes with modern features. Buyers looking for affordability will continue to find great value in suburbs like Corio, Norlane, and Grovedale.
Looking ahead, we anticipate further growth in the Geelong housing market, with increased demand for both investment properties and family homes. With local infrastructure projects and employment hubs expanding, the city remains a prime location for property buyers.
As we move forward into March, we expect continued buyer confidence, particularly in mid-range and high-end properties, as buyers and investors take advantage of a stabilising economy and favourable conditions.
Contact us today to discuss your real estate goals and get personalised insights into the latest Geelong property trends. Let’s turn your property aspirations into reality!
Stay tuned for next week’s market update, where we’ll bring you the latest recent property sales in Geelong, auction results, and insights into the best suburbs to buy property in Geelong.
All sales data referenced from realestate.com.au.