The Geelong property market has demonstrated robust resilience, closing out the final auction weekend before Christmas with a strong clearance rate. The results from Saturday, December 19, provide a confident finish to a remarkable year for local real estate.
A Strong Finish to the Year
Agents reported a clearance rate of 79 per cent from 14 reported results on Saturday. This performance underscores the sustained buyer demand that has characterised the Geelong market throughout 2020. The successful auctions spanned several key suburbs, highlighting broad-based strength rather than activity confined to a single area.
Among the standout sales was a four-bedroom home at 25 Roslyn Road in Belmont. The property attracted significant interest and was ultimately sold for $1.025 million by agent Tim Darcy from McGrath, Geelong. This sale exemplifies the high level of competition for quality family homes in sought-after locations.
Suburban Highlights and Sales Activity
The auction activity was widespread. In Newtown, a three-bedroom unit at 1/27 Minerva Road achieved a sale price of $675,000. Meanwhile, in Herne Hill, a three-bedroom house at 25 Marne Street sold for $680,000.
Other notable results from the weekend include:
- 15 McMillan Street, South Geelong: A three-bedroom house sold for $735,000.
- 159 Separation Street, North Geelong: A three-bedroom house sold for $580,000.
- 39 Willis Street, Newtown: A three-bedroom house sold for $920,000.
These sales, facilitated by various agencies including Buxton and R.T. Edgar, reflect a market where well-presented properties in established suburbs continue to attract committed buyers.
Market Context and Forward Look
The final auction weekend of 2020 caps off a year of exceptional growth and activity for the Geelong property market. Low interest rates, changing lifestyle priorities, and strong demand have consistently pushed prices upward and maintained high auction clearance rates.
The strong results reported on December 19 suggest this momentum has carried right through to the holiday break. While the auction calendar now pauses, private treaty sales and market enquiries are expected to continue, setting the stage for what agents anticipate will be another active start to the new year.
The data from this weekend not only provides a snapshot of current conditions but also serves as a key indicator of the underlying confidence among both buyers and sellers in the Greater Geelong region.
