Geelong homeowners forced to slash prices amid tax changes

Vendor discounting is at higher levels in Geelong’s more expensive suburbs, new data shows. Homeowners in Geelong have taken a financial hit when selling this year as government interventions in the property market take their toll, new data shows. Median vendor discounting figures, which measures the difference between a property’s first advertised and final sale price, reveals a growing trend of sellers giving ground on price in order to secure a sale. The Bellarine Peninsula and Surf Coast regions have been particularly impacted during 2026, with the realestate.com.au data revealing around three-quarters of vendors were forced to give ground on price to find a buyer in traditional holiday spots such as Anglesea, Indented Head and Lorne. RELATED: Cats star eyes $4.85m property deal for Geelong farm Why Geelong homes are flying off the market Single mums outsmart housing crisis to create home dream This Federal St, Aireys Inlet, home sold this year for $1.92m but was initially listed for $2.1m to $2.3m. While the price guide was shaved for 92 per cent of homes sold this year at Aireys Inlet, where the median vendor discount was 10 per cent. The Great Ocean Road hamlet has a $1.42m ...