The Geelong property market remains active, with a diverse range of homes changing hands between 10th and 16th March 2025. Whether you’re a buyer, seller, or investor, keeping up with weekly trends can help you make informed decisions.
This week, we’ve seen properties across St Leonards, Grovedale, Newtown, Lara, Waurn Ponds, Hamlyn Heights, Highton, Armstrong Creek, Ocean Grove, Belmont, Norlane, Lovely Banks, and Marshall sell at varying price points, reflecting the market’s depth and opportunities.
Let’s dive into the highlights and insights from this week’s market activity.
Premium Sales: Coastal & High-Demand Suburbs
Luxury & Lifestyle Lead the Market
The highest sale of the week was at 15 Bluff Road, St Leonards, which sold for $1.3 million through Oliver Mullan of Hunters Real Estate. This six-bedroom, four-bathroom home on 1,011m² attracted significant interest, highlighting the ongoing demand for beachfront properties.
St Leonards continues to be a hotspot for buyers seeking lifestyle properties, especially those looking for holiday homes or investment opportunities along the Bellarine Peninsula.
Another notable sale was in Ocean Grove, where 118 Oakdean Boulevard sold for $910,000 through Penny Dawson of Hayden Real Estate. The coastal suburb remains one of the most desirable areas, with strong buyer demand for modern family homes close to the beach.
Meanwhile, 2 Gumdrop Drive, Ocean Grove, listed by Ben Roberts from Fletchers, sold for $945,000, reinforcing the suburb’s premium appeal.
Strong Mid-Range Sales: Family Homes in Demand
The $700K-$900K bracket saw plenty of action, with family homes in high demand across multiple suburbs.
Newtown & Belmont Continue to Hold Value
- 44 Clarke Street, Newtown sold for $815,000, handled by John Moran from Whitford. Newtown remains a prestigious suburb with excellent schools and amenities.
- 21 Cranmere Avenue, Belmont, sold for $733,500 via Matthew Constantine of Barry Plant.
- 3 Arthur Street, Belmont, also sold for $712,500, courtesy of Mark Mitchell of One Agency.
Belmont’s affordability and proximity to Geelong’s CBD continue to make it attractive to both investors and families.
Highton & Hamlyn Heights Attract Buyers
- 229 Mt Pleasant Road, Highton sold for $685,000, managed by Kieron Hunter of Barry Plant.
- 59 Hamlyn Avenue, Hamlyn Heights fetched $695,000, also sold by Kieron Hunter.
These areas offer larger block sizes and strong capital growth potential, making them ideal for upgraders and long-term investors.
Affordable & Entry-Level Sales: First-Home Buyers & Investors Active
Buyers looking for more affordable homes had plenty of options, with several sales under $600,000 across Geelong’s growth corridors.
Lara & Armstrong Creek See Steady Sales
- 10 Bud Street, Lara sold for $595,000, listed by Wade Taylor of Ray White.
- 16 Montagna Circuit, Armstrong Creek, handled by Alex Selway of McGrath, sold for $585,000.
Both suburbs remain strong options for young families and first-home buyers, offering modern homes at more accessible price points.
Norlane, Marshall & Lovely Banks Still Provide Budget-Friendly Opportunities
- 11 Rose Avenue, Norlane sold for $469,000, managed by UJ Walia of LJ Hooker.
- 1/9 Krisanway Drive, Marshall changed hands for $510,000, listed by Yan Lin of Hayeswinckle.
- 2/180 Cox Road, Lovely Banks, sold for $365,000, through Leesa Van Drunen of Barry Plant.
- 1/206-208 Wilsons Road, Whittington, a budget-friendly unit, fetched $237,500, thanks to Jess Templeton of Geelong Real Estate Co.
These sales demonstrate that investors and first-home buyers are still actively competing in Geelong’s more affordable areas, looking for properties with strong rental yields and growth potential.
Market Trends & Insights: What This Week Tells Us
1. Coastal & Lifestyle Homes Are in High Demand
St Leonards and Ocean Grove properties have outperformed expectations, as buyers prioritise waterfront locations and larger blocks.
2. Family Homes in Mid-Range Suburbs Are Selling Well
Newtown, Highton, and Belmont remain consistent performers, attracting upgraders and families looking for proximity to schools, parks, and shopping precincts.
3. Entry-Level Market Is Still Competitive
Affordable homes in Norlane, Lovely Banks, and Whittington continue to move quickly, with investors and first-home buyers snapping up opportunities.
4. Investors Are Targeting Growth Suburbs
Lara, Armstrong Creek, and Hamlyn Heights have maintained steady demand, as buyers look for affordable homes with long-term capital growth potential.
What This Means for Buyers & Sellers
For Buyers:
- If you’re looking for a premium lifestyle home, act fast—beachside properties in St Leonards and Ocean Grove are attracting significant demand.
- Family homes in suburbs like Belmont, Highton, and Lara are still available in the $700K range, offering great value.
- First-home buyers and investors should keep an eye on Norlane, Marshall, and Whittington for affordable and high-yielding options.
For Sellers:
- Now is a great time to sell family homes—Newtown, Belmont, and Highton properties are selling at strong prices with consistent demand.
- If you have a property in a coastal suburb, buyer interest remains high, particularly for modern, well-maintained homes.
- Homes priced under $600K are moving quickly, so if you’re selling in Norlane, Lara, or Armstrong Creek, expect strong competition.
Looking Ahead: What to Expect in the Coming Weeks
With the autumn market in full swing, we expect continued demand for family homes and lifestyle properties. Interest rates remain steady, and buyer sentiment remains positive, suggesting that both owner-occupiers and investors will stay active.
If you’re thinking about buying or selling in Geelong, now is the time to engage with experienced local agents like Oliver Mullan (Hunters Real Estate), Penny Dawson (Hayden Real Estate), John Moran (Whitford), Wade Taylor (Ray White), and Kieron Hunter (Barry Plant) to get the best insights and results.
For more detailed advice on the Geelong property market, reach out to a local real estate expert and stay informed on the latest trends!
All sales data referenced from realestate.com.au.