The Geelong property market has demonstrated remarkable strength in mid-November, with several multi-million dollar sales highlighting continued buyer confidence across the region. Properties in premium suburbs commanded impressive prices, showcasing the enduring appeal of Geelong's housing market despite broader economic pressures.
Premium Properties Lead Market Charge
Newtown emerged as the standout performer with a spectacular sale at 15 Aphrasia Street achieving $2,100,000. This substantial transaction was expertly handled by Highton agent Tom Butters of McGrath, demonstrating the premium values that quality properties in sought-after locations can achieve.
Meanwhile, in East Geelong, another significant sale saw 23 Aberdeen Street change hands for $1,550,000 through Nick Lord from Buxton. This result reinforces the strong demand for character homes in established inner suburbs, with buyers willing to pay top dollar for well-positioned properties.
The auction activity on Saturday, November 16, revealed a market showing varied but generally positive results. Of the 18 scheduled auctions, 11 properties sold under the hammer while 7 were passed in, resulting in a clearance rate of 61 percent for the day.
Suburban Performers and Market Diversity
Highton witnessed strong competition for 8 Kookaburra Court, which sold for $1,210,000 through Highton agent Tom Butters of McGrath. The competitive bidding reflected continued interest in family-friendly suburbs with good amenities and schooling options.
In a notable transaction highlighting Geelong's diverse property market, 18 Panorama Drive in Hamlyn Heights achieved $1,050,000 through Nick Lord at Buxton. This sale demonstrates that buyer interest extends beyond the traditional premium suburbs to well-located properties across the broader Geelong region.
The market activity wasn't limited to house sales alone. At 2/15 St Albans Road in Newtown, a unit sold for $635,000 through Tom Butters of McGrath, showing that the apartment and unit market also maintains steady demand.
Regional Spread and Market Outlook
Beyond Geelong's immediate suburbs, the regional market showed similar strength. In the Surf Coast region, 8A Gilbert Street in Torquay sold for $1,550,000 through Nick Costa from McGrath, Torquay. This result underscores the continued appeal of coastal living within commuting distance of Geelong.
The Bellarine Peninsula also recorded solid performance with 3 Banksia Street in Portarlington changing hands for $1,010,000 through Nick Lord at Buxton. This sale highlights the ongoing demand for holiday homes and sea-change properties in popular coastal towns.
Market analysts note that Geelong's property market continues to outperform expectations, with quality properties in good locations attracting strong competition from both local buyers and those relocating from Melbourne. The mid-November results suggest sustained confidence in the region's long-term growth prospects.
Agents report that well-presented properties with character features or renovation potential are particularly sought after, with buyers showing willingness to pay premium prices for homes that offer lifestyle benefits alongside investment potential.
