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 remains consistent, with multiple offers received on well-presented homes. Whether buyers are purchasing for investment or residential purposes, the market remains competitive.
Market Highlights
- Luxury homes continued to perform well, with multiple properties selling above the $1M mark.
- Mid-range homes between $500,000 and $900,000 were highly sought after, attracting strong buyer competition.
- Affordable homes below $500,000 remained active, proving that entry-level buyers are still participating despite broader economic conditions.
- The Geelong real estate market remains stable, with buyers seeking affordability and lifestyle changes, particularly in Geelong, Bellarine Peninsula, and Surf Coast.
Notable Sales
High-End Sales ($1M+)
🔹 1-6/22 Daisy Street, Newtown – $1,710,000 (Block of units)
🔹 28 Point Richards Road, Portarlington – $1,240,000 (4-bed, 4-bath home)
🔹 89 Blanche Street, St Leonards – $1,175,000 (5-bed, 3-bath home)
🔹 70 Aldebaran Road, Ocean Grove – $1,150,000 (3-bed, 2-bath modern home)
The luxury market remains strong, particularly for coastal and high-end properties with desirable locations and modern features.
Mid-Range Sales ($500K – $900K)
🔹 153 Boundary Road, Newcomb – $950,000 (4-bed, 3-bath house)
🔹 17 Bourke Crescent, Geelong – $910,000 (3-bed, 2-bath home)
🔹 6 Garvey Court, Highton – $842,000 (4-bed, 2-bath home)
🔹 71 Carr Street, Geelong – $920,000 (3-bed, 2-bath home)
🔹 39 Augustine Drive, Highton – $610,000 (3-bed, 1-bath home)
The mid-range market remains competitive, particularly in Highton, Newcomb, and central Geelong suburbs.
Affordable Market Highlights (Under $500K)
🔹 7/6 Hendriks Court, Highton – $335,000 (1-bed unit)
🔹 15 Granault Parade, Corio – $450,500 (3-bed home)
🔹 7 Fairbairn Drive, Corio – $500,000 (3-bed home)
🔹 18 Morona Avenue, Norlane – $510,000 (3-bed home)
🔹 7 Macedon Avenue, Corio – $490,000 (3-bed home)
Suburbs such as Corio, Norlane, and Highton continue to attract entry-level buyers and investors, making them affordable hotspots.
Suburb Breakdown & Trends
- Ocean Grove & Portarlington – Luxury market continues to thrive, with multiple properties selling above $1M.
- Armstrong Creek & Mount Duneed – New housing developments remain attractive to first-home buyers and investors.
- Corio & Norlane – High demand for investment properties, with strong rental yields making them appealing for investors.
- Highton & Belmont – Established homes with good land sizes remain popular, especially in the $600K – $900K range.
Emerging Market Trends
📌 Geelong Auction Results Show Competitive Bidding – Well-presented homes continue to receive multiple offers.
📌 Investment Properties in Demand – Corio and Norlane remain investor favorites due to affordable entry prices and strong rental demand.
📌 Growth in Coastal & Lifestyle Properties – More buyers are looking for sea-change and tree-change options, particularly in Bellarine Peninsula and Surf Coast.
📌 Demand for New Builds – Buyers are seeking modern, energy-efficient homes in Armstrong Creek, Mount Duneed, and Charlemont.
📌 Geelong’s Median House Price Holding Strong – Despite broader economic changes, property values remain stable.
Market Outlook
The Geelong property market remains stable and competitive, with interest rates steady and buyer demand remaining high. As Melbourne buyers continue to look for value in Geelong, we expect property prices to hold strong, especially in coastal suburbs and growth corridors.
For sellers, well-presented homes in sought-after locations continue to receive multiple offers. Buyers looking for affordability and investment potential will continue to find strong opportunities in Corio, Norlane, and Grovedale.
As we progress through March, buyer confidence remains high, particularly in the mid-range and high-end segments. Expect continued momentum in investment properties and family homes, driven by Geelong’s expanding infrastructure and economic growth.
Stay tuned for next week’s market update, where we’ll bring you the latest sales, auction results, and insights into the best suburbs to buy property in Geelong.
All sales data referenced from realestate.com.au.