Norlane house values rose 6 per cent in the September quarter, PropTrack figures show. The three-bedroom house at 9 Donnelly Ave, Norlane is listed for sale with price hopes from $550,000 to $600,000.
Home values are rising fastest in Geelong’s most affordable suburbs as the housing market recovery widens.
September quarter median value data from PropTrack shows the recovery has spread across most of the city, with the downturn in values still holding on in some coastal areas and more expensive pockets.
The figures reveal the cheapest neighbourhoods in the city’s north and eastern suburbs is where home prices have taken off most.
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House prices in Norlane and Corio gained six per cent in the past three months, reflected in a rise of about $27,000 in the median house value in each suburb.
The median value of houses in Whittington, Breakwater and Newcomb rose about 5 per cent over the same time, the data showed.
In fact only two of the top 10 suburbs recording the fastest growth through winter had a median value below $600,000.
Corio house values rose 6 per cent in the September quarter, PropTrack figures show. The three-bedroom house at 29 Purnell Rd, Corio, is listed for sale with price hopes from $599,000 to $658,000.
That’s inner west Herne Hill, where the suburb’s $728,000 median house price climbed $34,000 – the city’s largest rise in dollar figures – and Bell Park where a near $28,000 rise resulted in the median house value reaching $641,000.
The rise in the market has also spread to more prestige suburbs, such as East Geelong which rise 4 per cent, or $32,000, Belmont (up 3 per cent, or $22,000) and Highton (up 3 per cent or $24,000).
Coastal areas such as Barwon Heads, Point Lonsdale and Portarlington banked small declines, while the median house value in Anglesea slipped 7 per cent, or $109,000.
PropTrack senior economist Angus Moore said the wider property market was seeing steady, consistent growth in 2025.
Herne Hill house values rose 5 per cent in the September quarter, PropTrack figures show. The three-bedroom house at 14 Marlborough St, Herne Hill, is listed for sale with price hopes from $969,000 to $1.049m.
“Prices are moving upwards, but not particularly quickly,” he said.
“Certainly nothing like what we were seeing in some of the boom years we’ve had recently. “And that’s really been driven by the fact that interest rates have come down and that has started to give people a little more that they can spend, and that’s helping support home prices.”
Maxwell Collins Geelong director Nick Lord said it was the strongest market seen in Geelong in two years, and properties in the most affordable price brackets seeing the biggest impact of the rising attention.
“There’s no surprise that definitely that bottom end has seen a significant rise in the short term,” Mr Lord said.
East Geelong house values rose 4 per cent in the September quarter, PropTrack figures show. The four-bedroom house at 56 Normanby St, East Geelong, is listed for sale with price hopes from $1.395m to $1.495m.
“I think most areas are the same – we’ve seen growth from $10,000 to $30,000 in other suburbs.”
Mr Lord said buyers were facing more competition for properties, while sellers were seeing quicker sales and prices holding up.
“I think it’ll be really strong market moving forward over the next 12 months.”
Mr Lord said more owner-occupiers were bringing their homes to market, though stock remained low overall, contributing to a sense of FOMO.
While the market is still price sensitive, agents are no longer having many difficult conversations with vendors to adjust their price to trigger a sale.
Newtown house values were flat during the September quarter, PropTrack figures show. The four-bedroom house at 10 Mercer Parade, Newtown, is on the market for $3.95m to $4.345m
$3.95m to $4.345m.
“For anything fairly priced, time on the market is definitely coming down.”
Mr Lord said people attending open homes had also increased, from an average of 10 to 12 people up to between 30 and 40.
“Fairly price homes and reasonable suburbs are getting strong appeal and that’s not just in the bottom end that we’re talking about – that’s in Geelong West, Hamlyn Heights and Belmont that are generating very large numbers at opens, which is a real positive sign of where the market is at.”
McGrath, Geelong agent Jasmin Jurkovic said while many buyers had been waiting for the Federal Government’s expanded Home Guarantee Scheme to kick in this month, others were getting in sooner.
Belmont house values rose 3 per cent in the September quarter, PropTrack figures show. The three-bedroom house at 19 Brocka Ave, Belmont, is listed for sale with price hopes from $860,000 to $940,000.
“They’ve got that 5 per cent deposit scheme that kicked in on October 1 which they were all aware because it was well and surely advertised for a couple of months before it kicked in,” she said.
“There was already very active buyers looking and motivated that have been waiting for about a year and now they’re just read.
“I know that the market’s still recovering very slowly but that has certainly pushed prices, and emotional buyers have pushed prices up.”
Ms Jurkovic said lower stock was giving less choice to buyers, who were competing and often prepared to spend an additional $20,000 to $30,000 if they have the budget and still spend less than $700,000.
Geelong: How much is your home worth now
| Suburb | Property type | Median value | Quarterly change | Annual change |
| Anglesea | H | $1,404,867 | -7% | -8% |
| Armstrong Creek | H | $665,493 | 2% | 2% |
| Bannockburn | H | $769,095 | 2% | 4% |
| Barwon Heads | H | $1,474,387 | -1% | -6% |
| Bell Park | H | $641,258 | 5% | 6% |
| Bell Park | U | $510,311 | 1% | 4% |
| Bell Post Hill | H | $659,783 | 3% | 6% |
| Belmont | H | $707,935 | 3% | 4% |
| Belmont | U | $524,295 | 1% | 3% |
| Breakwater | H | $544,180 | 5% | 5% |
| Charlemont | H | $639,428 | 3% | 2% |
| Clifton Springs | H | $678,926 | 3% | 2% |
| Corio | H | $513,221 | 6% | 9% |
| Corio | U | $405,574 | 6% | 8% |
| Curlewis | H | $671,246 | 2% | 3% |
| Drysdale | H | $746,750 | 3% | 3% |
| Drysdale | U | $546,791 | 0% | 1% |
| East Geelong | H | $812,103 | 4% | 4% |
| Fyansford | H | $956,573 | 3% | 2% |
| Geelong | H | $892,412 | 2% | 3% |
| Geelong | U | $573,651 | 1% | -3% |
| Geelong West | H | $825,759 | 2% | -1% |
| Geelong West | U | $525,571 | -1% | 1% |
| Grovedale | H | $683,502 | 3% | 4% |
| Grovedale | U | $506,692 | 3% | 3% |
| Hamlyn Heights | H | $734,941 | 3% | 5% |
| Hamlyn Heights | U | $542,229 | 0% | -1% |
| Herne Hill | H | $728,665 | 5% | 5% |
| Herne Hill | U | $367,434 | 1% | 1% |
| Highton | H | $881,947 | 3% | 3% |
| Highton | U | $535,163 | 4% | 3% |
| Indented Head | H | $807,873 | 0% | -1% |
| Jan Juc | H | $1,340,798 | 0% | 2% |
| Lara | H | $699,317 | 2% | 3% |
| Lara | U | $487,871 | 4% | 10% |
| Leopold | H | $684,318 | 3% | 4% |
| Leopold | U | $502,829 | 1% | 2% |
| Lorne | U | $1,175,842 | -1% | 1% |
| Lovely Banks | H | $755,621 | 3% | 7% |
| Manifold Heights | H | $936,883 | -5% | 1% |
| Manifold Heights | U | $467,755 | 0% | 3% |
| Marshall | H | $645,544 | 3% | 4% |
| Mount Duneed | H | $707,489 | 3% | 1% |
| Newcomb | H | $583,240 | 5% | 5% |
| Newcomb | U | $469,661 | 0% | 4% |
| Newtown | H | $1,156,741 | 0% | 4% |
| Newtown | U | $588,341 | 1% | 4% |
| Norlane | H | $475,588 | 6% | 8% |
| Norlane | U | $422,424 | 5% | 10% |
| North Geelong | H | $639,190 | 4% | 5% |
| Ocean Grove | H | $936,882 | -1% | -2% |
| Ocean Grove | U | $747,276 | 1% | -3% |
| Point Lonsdale | H | $1,263,942 | -1% | 3% |
| Portarlington | H | $875,628 | 2% | -1% |
| Portarlington | U | $641,390 | -2% | -4% |
| Queenscliff | H | $1,466,664 | 0% | 5% |
| St Albans Park | H | $609,879 | 4% | 7% |
| St Leonards | H | $734,066 | 2% | 0% |
| St Leonards | U | $583,574 | -2% | 0% |
| Thomson | H | $542,684 | 2% | 4% |
| Torquay | H | $1,211,218 | 1% | 1% |
| Torquay | U | $862,645 | 3% | -3% |
| Wandana Heights | H | $1,017,827 | 2% | -1% |
| Waurn Ponds | H | $803,746 | 3% | 4% |
| Whittington | H | $532,329 | 5% | 9% |
| Whittington | U | $400,687 | 0% | 5% |
| Winchelsea | H | $636,133 | 1% | -1% |
Source: PropTrack. Quarterly median house and unit values, September 2025.
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