The Geelong property market has roared into the new year, demonstrating significant early strength with a series of successful auctions and private sales in the week ending Friday, January 11, 2025. The results indicate a confident start to the 2025 real estate calendar, with buyers actively competing for quality homes across the region.
Auction Action and Top Sales
The auction activity was headlined by a standout result in Highton, where a four-bedroom family home at 23 Karingal Drive sold under the hammer for $1,405,000. This sale set a strong benchmark for the week and highlighted the continued demand for well-located family residences. In Newtown, a property at 15 Milton Street also performed exceptionally well, achieving a sale price of $1,365,000 at auction.
Beyond the auction room, private treaty sales were equally vigorous. A renovated period home at 15 Aphrasia Street, Newtown, commanded a top sale price of $1,575,000. Another significant transaction occurred in Manifold Heights, with 15 Kent Street selling for $1,350,000. These sales underscore the premium buyers are willing to pay for character and renovation in sought-after inner suburbs.
Strong Results Across the Bellarine and Surf Coast
The market strength was not confined to central Geelong. The Bellarine Peninsula and Surf Coast regions recorded several notable sales, reflecting the enduring appeal of coastal and lifestyle properties. In Ocean Grove, a home at 54/80–90 Wallington Road sold for $875,000. Meanwhile, in Torquay, a property at 23 Zeally Bay Road changed hands for $1,150,000.
Other key sales from the week include:
- Lara: 295 Windermere Road sold for $720,000.
- Mount Duneed: 110 Pettavel Road sold for $1,050,000.
- Leopold: 2 Kookaburra Court sold for $790,000.
- Grovedale: 4/25 Burdoo Drive sold for $565,000.
What This Means for Geelong's 2025 Market
The active first week of 2025 suggests that buyer appetite in the Geelong region remains healthy. The diversity of sales—from inner-city period homes to new estates in growth corridors and coastal hotspots—points to a broad-based market. The successful auction clearance rates, particularly for quality stock, indicate that well-presented properties priced in line with market expectations are meeting strong competition.
This early data provides a positive indicator for sellers considering entering the market in the first quarter. For buyers, the results signal that preparation and decisiveness remain crucial, especially for homes in popular family-friendly suburbs like Highton and Newtown. The Geelong real estate market appears to have picked up where it left off in 2024, setting the stage for a dynamic start to the year.
