The Geelong property market has hit the ground running in the first week of 2025, demonstrating resilient buyer activity despite the holiday period. A number of homes went under the hammer, with several achieving strong results that set a positive tone for the new year.
Notable Sales and Auction Highlights
One of the standout sales was a four-bedroom family home at 15 Karingal Crescent in Belmont. The property sold under the hammer for $1.025 million, comfortably exceeding its price hopes. The auction attracted four active bidders, showcasing the continued demand for quality homes in established suburbs.
In Highton, a renovated brick veneer unit at 3/25 Barrabool Road also sold at auction. The final sale price was $635,000. This result indicates that well-presented units in desirable locations remain a sought-after commodity for downsizers and investors alike.
Meanwhile, a modern townhouse at 3/148 Separation Street in North Geelong was successfully sold prior to its scheduled auction. The property fetched $635,000, highlighting the strategy of securing a sale in a competitive pre-auction environment.
Private Treaty Sales Show Market Depth
Beyond the auction room, private sales also contributed to the week's activity. A solid brick home on a generous 809sq m block at 25 View Street in Belmont changed hands for $820,000. This sale underscores the value buyers place on land size and potential in central locations.
In Newtown, a character-filled property at 24 Aphrasia Street sold for $1.15 million. This premium result for a home in one of Geelong's most prestigious suburbs reflects the enduring appeal of period charm and prime positioning.
Early Signs Point to Steady 2025 Market
The results from the first week of January suggest that Geelong's real estate market is beginning 2025 with a sense of stability and confidence. The mix of successful auctions and private sales across different property types—from family homes to units and townhouses—indicates a broad base of demand.
The activity in suburbs like Belmont and Highton continues to be a bellwether for the wider region. These results provide early data points for agents and homeowners gauging the market's temperature as the traditional summer selling season gets fully underway.
While it's still very early in the year, the willingness of buyers to participate and compete at auction during the first week of January is an encouraging sign for vendors. The market appears to be picking up where it left off in late 2024, with no significant dip in buyer interest observed in these initial transactions.
