Geelong home values have climbed 4.4 per cent in a year, a new report shows.
More buyers are returning to the market as Geelong home prices are gaining momentum, new data reveals.
PropTrack’s latest Home Price Index shows Geelong values have climbed 4.23 per cent over 12 months, rising just .07 per cent in a quiet January to $762,000.
Despite house values recorded a slight decline in January to record a $796,000 median, the typical home in Geelong is worth $32,000 more than the same time last year, the data shows.
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Unit and apartment values continue to climb though, rising $9000 in January – or 1.52 per cent – to jump by almost $33,000 higher over 12 months to a $596,000 median.
PropTrack senior economist Angus Moore said while the amount of choice in the market for buyers had been keeping a lid on price growth in Victoria, investors in particular were returning to the market.
“While that doesn’t have a huge impact on prices, relative to something like interest rates, it probably, at the margin, has an effect and has helped keep price growth a little bit slower than what we’ve seen in some other parts of the country,” Mr Moore said.
PropTrack senior economist Angus Moore.
He said regional Victoria outperformed Melbourne, reflecting the relative affordability.
“Victoria had been a bit unpopular with investors, but we have now seen an increase in investors looking there, and in investor activity,” Mr Moore said.
“It hasn’t been to the same extent as in some other parts of the country, but it has started to happen in the back end of 2025.
“The fact we’re seeing some of those regional areas outperform is probably consistent with their relative affordability.”
Jellis Craig Geelong director Marcus Falconer said January had seen a steady return to the market.
“Obviously last year we saw tremendous interest in properties certainly under $800,000 and with the upper end of the market being a little sluggish,” Mr Falconer said.
Jellis Craig Geelong agent Marcus Falconer.
“But we’re positive and optimistic that with the activity that’s occurred over the last nine months that money will be reinvested into the market place and we’ll see stronger interest in the higher price points this year.”
Mr Falconer said the significant interest from buyers relocating from Melbourne, interstate and regional Victoria was helping to underpin the market.
“Geelong continues to be a significant area of interest from people looking for relocations,” he said.
“We’re still seeing incredible interest from interstate and from people from Melbourne.”
Mr Falconer said early signs show a rise in people looking to sell in 2026.
“It’s been a strong listing month. I think we’ll see some more good results through February.”
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