Geelong's property market is demonstrating remarkable strength as we head into the summer selling season, with several multi-million dollar sales and competitive auctions setting the pace across the region.
Multi-Million Dollar Marvels
The prestige market continues to shine with a magnificent Newtown residence at 15 Aphrasia Street commanding an impressive $2.85 million. This significant sale underscores the enduring appeal of Geelong's premium suburbs among discerning buyers.
Meanwhile, in the highly sought-after Highton area, 5 Karingal Court changed hands for $1.55 million, proving that quality family homes in prime locations continue to attract strong buyer interest and premium prices.
Auction Action Heats Up
The auction scene witnessed some fierce competition, particularly in Belmont where 7 Stockdale Avenue saw multiple bidders battling it out. The property eventually sold under the hammer for $851,000, significantly exceeding expectations and demonstrating the competitive nature of the current market.
Another standout performer was 23 Roslyn Road in Belmont, which achieved a solid $770,000 at auction, further evidence that well-presented homes in established suburbs are generating substantial buyer enthusiasm.
Strong Private Sales Across the Region
Beyond the auction room, private treaty sales are also showing robust activity. Grovedale joined the million-dollar club with 6 Kookaburra Court selling for $1.025 million, while Belmont continued its strong run with 42 Roslyn Road securing $800,000.
The diversity of successful sales across different price points and suburbs indicates a broadly healthy market with opportunities for various buyer types.
What This Means for Geelong Homeowners
These recent results paint a picture of a resilient property market showing consistent strength across multiple suburbs. With competition evident at auctions and strong prices being achieved through private sales, the data suggests continued confidence among both buyers and sellers in the Geelong region.
As we move deeper into November, all eyes will be on whether this positive momentum continues through the traditionally busy spring and summer selling periods.
