The Geelong property market has demonstrated robust activity as the new year gets underway, with a series of auctions and private sales concluding in the week ending January 18. The results provide an early snapshot of buyer sentiment and pricing trends across the region for 2025.
Auction Action Across Geelong Suburbs
Several homes went under the hammer, testing the market's temperature. One of the standout results was a three-bedroom house at 25 Roslyn Road in Belmont. The property attracted strong competition before finally selling under the hammer for $881,000. This sale significantly exceeded both the vendor's expectations and the local price benchmarks for the area, signalling potent demand in well-located suburbs.
In the northern suburb of Bell Park, a four-bedroom brick veneer home at 25 Kildare Street also found a new owner via auction. The property sold for $720,000, reflecting the continued appeal of family-friendly homes in established neighbourhoods. Meanwhile, in Herne Hill, a three-bedroom weatherboard house at 15 Marlow Street was successfully auctioned for $735,000, adding to the week's tally of solid results.
Private Treaty Sales Show Market Depth
Beyond the auction room, private sales activity indicated a deep pool of buyers ready to transact. In the highly sought-after inner-city suburb of Geelong West, a period home at 3 Hope Street changed hands for a substantial $1.55 million. This premium sale underscores the enduring value placed on character homes in prime locations.
The coastal appeal of Barwon Heads was on full display with the sale of a property at 2A Clifford Parade for $1.525 million. In Newtown, a renovated single-fronted Victorian at 136 Noble Street commanded $1.15 million. Further demonstrating the range of the market, a unit at 3/15 Aphrasia Street, Newtown, sold for $535,000.
Other notable private sales included a home at 13 St Leonards Road, Leopold, for $700,000, and a property at 23 Banksia Street, Belmont, which fetched $780,000. These transactions across various price points confirm activity is not confined to the top end.
What These Results Mean for Geelong's Property Landscape
The week's results paint a picture of a confident and active Geelong real estate market at the start of the year. The successful auctions, particularly the strong result in Belmont, suggest that well-presented properties in good locations are meeting ready and willing buyers. The diversity of private sales, from units to million-dollar period homes, shows demand spans all segments.
Local agents report that buyer inquiry remains high, driven by a combination of factors including Geelong's relative affordability compared to Melbourne, its lifestyle appeal, and strong local infrastructure. The data from this week sets a positive tone for the summer selling season, indicating that property values in key Geelong suburbs are being well supported. For sellers, it's a promising environment, while buyers are advised to be prepared for competitive scenarios, especially for homes that tick all the boxes for location and condition.
