Geelong home building approvals surge 34pc towards 2022 levels

Geelong’s Armstrong Creek growth area near Marshall. Picture: Alan Barber Home building approvals in Geelong are close to levels not seen since the HomeBuilder construction boom during the Covid pandemic. KPMG analysis of the latest Australian Bureau of Statistics building approvals figures shows the number of new homes approved in Geelong has surged 34 per cent in the past year to August. The number of new homes in the pipeline now sits at 4000, close to the level last seen in the Covid boom of 2022, reflecting the region’s strong population growth, employment opportunities and lifestyle appeal. RELATED: Landmark Geelong CBD site hits market for $7m+ Uniting Church lists prime site for $3m Geelong development fast-tracks biggest land release in years Geelong’s residential development activity remains heavily concentrated in a handful of high-growth locations, reflecting affordability constraints on homebuyers and the slowdown in apartment construction in the region. Lara, Charlemont, Armstrong Creek, Mount Duneed and Ocean Grove accounted for around 60 per cent of all dwelling approvals across the region in 2026. There was also a significant number of approvals at Portarlington, T...