Supercharged Geelong suburbs tipped for house price rise – realestate.com.au

Geelong’s property market is back on the winners list, with a strong increase in sales volumes pointing to more price growth in 2026.

A new report identifies a trio of suburbs where homebuyers are most likely to reap the benefits of the region’s rising real estate market.

Charlemont, Corio and Ocean Grove are among the top 50 largest housing markets in the country in Hotspotting’s Summer Price Predictor Index.

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More than three-quarters of Geelong’s suburbs achieved a positive ranking, cementing the city’s reputation as one of Victoria’s top regional performers.

Regional Victoria was revealed as one of the big winners nationally, leaving behind its loser rankings from 12 months ago.

Hotspotting founder Terry Ryder said there was increased buyer activity across the state after years of flatlining.

“We are seeing strong demand coming back to Ballarat, Bendigo and Shepparton, but Geelong is a real standout,” Ryder said.

“There was a 29 per cent increase in sales activity in 12 months, which is a big increase, and there are emerging suburbs all over Geelong Geelong.

“At the high end, places like Ocean Grove and on the affordable side, Corio and the newer development area, they all have increasing demand.”

Hotspotting founder Terry Ryder says Geelong’s strong economy is serving him well. Image: supplied

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2 Mattnick Blvd, Charlemont, is for sale for $1.15 million to $1.2 million.

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He said Geelong unit sales volumes were also up 39 per cent on the same quarter last year, despite it being a relatively small market.

Affordable suburbs such as Newcomb, Corio and Norlane led the charge, along with Geelong West.

Mr Ryder said there is still an entrenched shortage of “everything that matters” in residential real estate, which has underpinned booming market conditions across the country.

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

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

This three-bedroom home at 8 Lyrebird St, Ocean Grove, is for sale for $800,000 to $850,000

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26 Plantation Rd, Corio, is for sale for $539,000-$579,000.

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Mount Duneed was named in the top 50 most consistent suburbs in the country.

In Ocean Grove, home sales have steadily increased from 68 per quarter in mid-2024 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 a great period through Covid times, but it’s been a tough few years in the local property sector so it’s good to see things are recovering,” he said.

“We have certainly seen a very strong improvement in those eighteen months and much more buyer confidence, especially around the average house price.

“If you get a property that is well presented and priced well, there is certainly competition – that range of €800,000 to €1 million is really hotly contested.”