Property Market in Geelong
Geelong has emerged as Victoria's fastest-growing regional city, supported by major employers like Deakin University and the expanding health precinct at University Hospital. The waterfront revitalisation and improved V/Line services to Melbourne have repositioned Geelong from a regional centre to a genuine lifestyle destination.
Median House Price
$750,000
Median Unit Price
$480,000
Buying a median-priced house in Geelong at $750,000 involves more than just the purchase price. Estimated upfront costs include approximately $40,070 in stamp duty, $1,800 for conveyancing, and $1,200 for building and pest inspections — totalling around $43,070 in additional costs on top of your deposit. Use the calculator above for a detailed breakdown.
Buying Property in Geelong
Melbourne spillover pricing has reshaped Geelong — suburbs like Newtown and Geelong West now carry price tags that would have seemed absurd five years ago, driven by buyers priced out of Melbourne's inner west. The gap between waterfront-adjacent areas around Eastern Beach and western suburbs like Corio and Norlane remains one of the widest in any Australian regional city, creating opportunity for buyers willing to look beyond the established pockets. Rapid gentrification in areas like Chilwell and Belmont means early buyers in transitioning streets can see significant capital growth, but purchasing on the wrong side of a gentrification boundary carries risk.