The Geelong real estate market has seen another busy week of auctions and sales, with several properties achieving strong results. For the week ending May 16, a number of homes sold under the hammer, with some exceeding reserve prices.
Top Auction Results
One of the standout sales was a four-bedroom home in Newtown that sold for $1.2 million, well above the reserve. Another property in Belmont fetched $890,000, while a unit in Geelong West went for $620,000.
Suburb Performance
Newtown and Belmont continue to be popular suburbs, with multiple sales recorded. Buyers are showing strong interest in family homes with modern amenities. In contrast, the market for apartments and units remains steady, with first-home buyers active.
Sales Highlights
- Newtown: 4-bedroom house sold for $1.2 million
- Belmont: 3-bedroom house sold for $890,000
- Geelong West: 2-bedroom unit sold for $620,000
Agents report that well-presented properties with good location are attracting multiple offers, often leading to sales above the asking price. The market remains competitive, with limited stock in desirable areas.
Market Outlook
The Geelong property market shows no signs of slowing down, with low interest rates and strong demand driving prices. Experts predict continued growth in the coming months, particularly for established homes with outdoor space.
