The Geelong property market has demonstrated robust activity as the year winds down, with a series of successful auctions and private sales recorded in the first week of December. The results highlight continued buyer appetite across several key suburbs, defying broader economic headwinds.
Standout Sales and Suburban Highlights
Among the most notable transactions was the sale of a four-bedroom family home at 13 View Street in Belmont. The property, marketed by agent Tom Butters from Buxton Geelong West, was snapped up for $1.025 million just days prior to its scheduled auction. This premium price point underscores the high demand for quality homes in sought-after locations.
In Newtown, a renovated period residence at 136 Aphrasia Street attracted significant interest. After a competitive auction process facilitated by McGrath Geelong agent Anthony Rizzi, the hammer finally fell at $1.405 million. The sale exemplifies the enduring appeal of character homes with modern updates in Geelong's inner suburbs.
Further south in Grovedale, a more affordable opportunity presented itself at 24 Roslyn Road. This three-bedroom brick veneer home found a new owner for $635,000 through Harcourts North Geelong, proving the market's depth across different price brackets.
Auction Action and Clearance Rates
The auction scene remained active, with several properties going under the hammer. In Norlane, a three-bedroom house at 25 Kildare Court sold at auction for $485,000 via Ray White Corio. Meanwhile, in Corio, a brick home on a substantial 697sq m block at 25 Marlin Court was successfully auctioned for $460,000 by the same agency.
These results contributed to a solid auction clearance rate for the region, indicating that well-priced and appropriately marketed properties are still finding buyers. The data suggests a market that is selective but active, with location and property condition being critical factors for success.
Private Treaty Sales and Market Outlook
Beyond the auction room, private sales also moved swiftly. In Bell Park, a three-bedroom home at 43 Heyington Avenue sold for $590,000 through Buxton Geelong North. Another sale in Bell Park, at 25 View Street, closed at $565,000.
The diversity of sales—from premium Belmont to more entry-level offerings in Norlane and Corio—paints a picture of a multifaceted market. Agents reported consistent inquiry and competitive bidding, particularly for homes that are move-in ready or offer good value. As the festive season approaches, this flurry of activity provides valuable insights into current pricing and demand, setting a benchmark for the market's performance heading into the new year.
The overall sentiment from local real estate professionals remains cautiously optimistic. While interest rates have impacted borrowing capacity, the underlying demand for housing in the Greater Geelong area, driven by its relative affordability compared to Melbourne and lifestyle appeal, continues to support market activity.
