Geelong's property market has delivered another powerhouse performance over the weekend, with multiple homes selling for well above reserve prices in a clear demonstration of the region's robust real estate appeal.
Auction Action Across the Region
The weekend saw fierce competition among buyers, particularly in Geelong West where a stunning four-bedroom residence at 42 Ewing Street commanded an impressive $1.42 million. The property attracted multiple bidders before finally selling to a delighted local family.
Meanwhile, in Herne Hill, a charming weatherboard home at 25 Brougham Avenue sold for $1.025 million, significantly exceeding expectations and proving that quality properties in sought-after locations continue to attract premium prices.
Premium Properties Lead the Charge
The luxury segment showed no signs of slowing down, with a magnificent waterfront property at 5/30 Eastern Beach Road fetching $1.45 million. The sale highlights the ongoing demand for premium positions with water views and superior amenities.
Other notable sales included:
- 8/24 Aphrasia Street, Newtown: $1.35 million
- 14 Willis Street, South Geelong: $1.155 million
- 15 Willis Street, South Geelong: $1.1 million
Strong Results Beyond the Million-Dollar Mark
The market momentum extended across various price points, with properties in Geelong West continuing to attract strong interest. A well-presented home at 45 Ewing Street sold for $955,000, while nearby at 33 Ewing Street, another property achieved $902,500.
In Newtown, the auction activity remained brisk with 15 Aphrasia Street selling for $940,000 and 12 Aphrasia Street reaching $905,000. These results confirm that well-located properties in established suburbs continue to deliver solid returns for sellers.
What's Driving Geelong's Property Surge?
Local real estate experts point to several factors fueling Geelong's property boom:
- Lifestyle appeal: The region's coastal charm and proximity to Melbourne
- Infrastructure investment: Ongoing development projects enhancing livability
- Relative affordability: Compared to Melbourne's premium prices
- Strong local economy: Diverse employment opportunities
The weekend's results demonstrate that Geelong's property market remains one of Victoria's strongest performers, with buyer confidence running high and quality properties attracting competitive bidding.
As we move toward the end of the year, all indicators suggest that Geelong's real estate market will continue to offer strong opportunities for both buyers and sellers in the coming months.
