Supercharged Geelong suburbs affected by rising house prices

Geelong’s property market is back on the winning list, with strong sales growth pointing to further price growth in 2026.

A new report identifies three suburbs where homebuyers are most likely to reap the rewards of the region’s booming property market.

Charlemont, Corio and Ocean Grove are ranked among the 50 highest-priced real estate markets in Hotspotting’s Summer Price Predictor Index.

RELATED: The FOMO trap for Geelong first-time buyers

Geelong’s waterfront housing market

Geelong’s grand mansion top wish list

More than three-quarters of Geelong’s suburbs achieved positive rankings, strengthening the city’s position as one of regional Victoria’s leading players.

Regional Victoria has been revealed as one of the top achievers nationally, reversing its classification from the previous 12 months.

Hotspotting’s founder, Terry Ryder, said there was high consumer activity across the region after years of planning.

“We’re seeing demand coming back strongly from Ballarat, Bendigo, Shepparton but Geelong is at the top,” Mr Ryder said.

“There has been a 29 per cent increase in 12 months in sales activity, which is a significant increase, and there are growing urban areas across Geelong Geelong.

“At the high end, places like Ocean Grove and at the affordable end, Corio and the new development area, all have growing demand.”

Hotspotting founder Terry Ryder says Geelong’s strong economy has put it in good stead. Photo: Provided

---

2 Mattnick Blvd, Charlemont, is on the market for $1.15m to $1.2m.

---

He said unit sales in Geelong were also up 39 per cent in the same quarter last year, despite being a smaller market.

Affordable areas like Newcomb, Corio and Norlane led the charge, along with Geelong West.

Mr Ryder said there continues to be an “all-important” shortage of residential properties, which is underpinning rising market conditions across the country.

Hotspotting measures quarterly sales price trends to predict future growth areas, with the latest analysis predicting price increases as a near certainty in many major and regional markets.

Geelong’s 26 climbing areas include Armstrong Creek, Belmont, East Geelong, Grovedale, Manifold Heights, Newtown and Waurn Ponds.

This three-bedroom house at 8 Lyrebird St, Ocean Grove, is listed for $800,000 to $850,000.

---

26 Plantation Rd, Corio, is on the market for $539,000-$579,000.

---

Mount Duneed has been named among the country’s top 50 unspoiled places.

In Ocean Grove, home sales grew steadily from 68 in the mid-2024 quarter to 97 in the last quarter.

RT Edgar, Bellarine director Brock Grainger said he expected the momentum to continue into the new year.

“Obviously we’ve had an amazing time in the Covid times but we’ve been selling houses in your area for a few years now so it’s good to see it’s coming back,” he said.

“We’ve seen strong improvement over those 18 months and more consumer confidence, particularly in the median house price.

“If you find a property that’s well presented and priced right there it’s very competitive – that $800,000 to $1m range is very competitive.”