Geelong home prices: Suburbs where values rose in June quarter
House values surged up to 5 per cent in the top performing areas as quarterly median data from PropTrack revealed an uptick in 37 suburbs.
Homebuyers will need to find an extra $44,000 to buy a typical house in Manifold Heights, which had the biggest gain, and $25,000 in Wandana Heights.
Affordable suburbs again dominated the top of the growth table amid further signs buyers are returning to the market.
Median home values rose $19,000 in Thomson, $15,000 in North Geelong and $11,000 in Corio.
Units also performed strongly across the board, with prices rising in 19 suburbs.
REA Group senior economist Anne Flaherty said the figures signalled a 'strong turnaround in Geelong', particularly when coupled with increasing demand on realestate.com.au.
She said a 10 per cent surge in property searches in the region over the past 12 months was the sixth biggest increase nationally.
'That fact that it's number six in the country in terms of growth year-on-year by searches that is a really strong signal of upcoming demand,' Ms Flaherty said.
'I think Geelong is an area that still has a lot of value in it, so what you can get for your amount of money is still pretty good.'
She said interest rates cuts had improved affordability and boosted consumer confidence, though this week's Reserve Bank's decision this week to keep the cash rate on hold may slow price growth.
'There is a sentiment out there that property prices are going to be rising this year, and we have already seen that growth, and often when people are buying in a market where prices are going to rise that can also mean they are not going to miss out,' she said.
Hayeswinckle, East Geelong director Tiffany Simpson said investors were again beating a path to Geelong as the city put price volatility behind it.
'Geelong has certainly come back into the forefront again because, when you are looking at it from a national level, New South Wales, Queensland and Western Australia from an investor point of view it's blown for the yield,' Ms Simpson said.
'Whereas here in Geelong is still a really good, favourable yield so therefore there are some areas like Thomson, like Manifold Heights, that would appeal because the yield is still strong and there's a good block size and the properties are generally well maintained.'
She said another interest rate rise, now tipped for August, would further drive confidence, particularly among higher end buyers considering a move.
'Those incremental changes do make quite a significant decision on higher price points and it does filter all the way through,' she said.
'I think going forward it is exciting times for Geelong – the volatility is becoming more in the past and the positiveness going forward is giving confidence back to those sellers.'
HOME VALUE CHANGES JUNE QUARTER 2025
Suburb Median house value Quarterly change Annual change
Inverleigh (H) $1,019,275 8% 1%
North Geelong (U) $491,055 6% 2%
Manifold Heights (H) $965,847 5% 3%
Thomson (H) $531,161 4% 0%
East Geelong (U) $514,330 4% 1%
Lorne (U) $1,049,945 4% 5%
Geelong West (U) $547,745 3% -2%
Marshall (U) $502,604 3% 1%
Norlane (U) $414,400 3% 3%
Manifold Heights (U) $481,368 3% -2%
Lara (U) $459,651 3% 0%
Hamlyn Heights (U) $552,071 3% -2%
Newtown (U) $588,353 3% 1%
Wandana Heights (H) $985,635 3% -2%
Bell Park (U) $508,561 2% 0%
Corio (H) $485,016 2% 2%
North Geelong (H) $627,017 2% 1%
Herne Hill (H) $691,561 2% 0%
Indented Head (H) $810,773 2% -1%
Drysdale (H) $722,617 2% -1%
Hamlyn Heights (H) $708,292 2% 1%
Corio (U) $386,513 2% 0%
East Geelong (H) $772,701 2% -3%
St Albans Park (U) $455,830 2% 1%
Portarlington (H) $855,120 2% -4%
Herne Hill (U) $372,296 2% -1%
Little River (H) $1,116,597 2% 0%
Bell Post Hill (H) $636,622 2% 2%
Whittington (H) $502,727 2% 1%
Drysdale (U) $538,862 2% 1%
Whittington (U) $404,682 2% 1%
Belmont (H) $682,364 2% 0%
Belmont (U) $524,337 2% -1%
Lara (H) $686,777 2% 0%
Norlane (H) $447,319 1% 0%
Bell Park (H) $612,191 1% 1%
Portarlington (U) $639,732 1% -1%
Newcomb (H) $554,068 1% -2%
Grovedale (H) $662,262 1% 0%
Waurn Ponds (H) $784,920 1% 0%
Highton (H) $849,045 1% -2%
Armstrong Creek (H) $661,456 1% 1%
Bannockburn (H) $754,045 1% 1%
Geelong West (H) $812,293 1% -3%
Geelong (U) $626,560 1% -4%
St Leonards (H) $725,580 1% -3%
Marshall (H) $619,407 1% -1%
Breakwater (H) $518,218 1% -2%
Curlewis (H) $659,885 1% -1%
Mount Duneed (H) $707,588 1% -1%
Lovely Banks (H) $714,294 1% 2%
South Geelong (H) $793,907 1% -4%
Charlemont (H) $624,214 1% 0%
Newtown (H) $1,078,680 1% -1%
St Albans Park (H) $587,081 1% 0%
Geelong (H) $889,471 1% -1%
Newcomb (U) $466,731 0% 1%
Highton (U) $519,905 0% -4%
Ocean Grove (H) $935,449 0% -1%
Teesdale (H) $926,105 0% 0%
Leopold (H) $664,225 0% -1%
Point Lonsdale (H) $1,228,578 0% 1%
Clifton Springs (H) $661,191 0% -2%
Torquay (U) $830,305 0% -6%
Barwon Heads (H) $1,486,558 0% -4%
Torquay (H) $1,201,809 0% -2%
Grovedale (U) $491,495 0% -1%
Leopold (U) $492,343 0% -1%
Winchelsea (H) $631,582 -1% -1%
Jan Juc (H) $1,324,556 -1% -1%
Queenscliff (H) $1,440,069 -1% 3%
Fyansford (H) $914,164 -1% -2%
Anglesea (H) $1,511,360 -2% -3%
Wallington (H) $1,769,580 -2% -2%
Moolap (H) $954,802 -2% -3%
Ocean Grove (U) $743,563 -5% -9%
Lorne (H) $1,793,274 -5% -8%
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ABC News
20 minutes ago
- ABC News
Cattle producers move towards grain-fed beef as consumer demand and drought risks rise
As cost-of-living pressures force many shoppers to tighten their purse strings, premium meat options like grass-fed beef are getting harder to sell, and cattle producers are taking note. Across Australia they are opting to feed their stock grain rather than relying on pasture, both to meet consumer demand for cheaper meat and protect themselves from drought. While an abundance of grass on western Queensland grazier Josh Phelps's Tambo property might be reassuring right now, he said previous droughts had taught him not to rely on temporary feed. "We're really tending towards the grain-based model," he said. Initially his stock graze on pasture across 19,000 hectares before being finished in a feedlot — a purpose-built facility where cattle are kept in large outdoor pens and fed a consistent diet for up to 120 days. "We've had a run of [good] seasons which we're very grateful for," he said. "To be honest, it's been a bit of a healing period. Those terrible teens are still front of mind for some people, but I think we came through that and learned a lot of lessons. He said the approach not only ensured the animals had a reliable source of food in dry times, but also produced a more consistent animal before being sold to meatworks. "It creates a lot more control and a bit of a safety net," he said. But it was not just drought that pushed the producer in this direction. Mr Phelps said increasingly red meat consumers were being lead by price. "In the end it comes down to the consumer," he said. "They're just happy to buy that regular cut from the supermarket which is generally grain-fed. Mr Phelps is one example of a trend toward grain-fed beef that is playing out across the country with more cattle in feedlots at the start of 2025 than ever before. Erin Lukey, senior market analyst with Meat and Livestock Australia, said 1.5 million head of cattle were in feedlots in the first quarter of 2025, up 11 per cent on the previous year. "The grain sector has grown drastically and consistently, especially in the last five years," Ms Lukey said. "Nationally we have 90 per cent utilisation, which is how full pens are. "Feedlots as a drought mitigation tool has also increased in popularity." According to MLA, which researches and markets Australian beef globally, Queensland feedlots are at 93 per cent capacity and New South Wales are at 91 per cent. With feedlots so full, meat processors have limited capacity to take new animals, but Ms Lukey said that would not stop producers making the switch. "More grain-fed product is going to flow to the processor," she said. "Which means we're going to produce more grain-fed beef." Stefan Vogel, general manager of research at Rabobank, said most of the beef on Australian shelves was grain-fed or finished on grain, and consumer habits had a large impact on production. "When they [customers] go to supermarkets, they're trying to find ways to save money and increase the value of their basket," Mr Vogel said. "There's a demand for quality products at a reasonable price. "Feedlots play an integral role not only for the local consumer but also for Australia as a reliable supplier of meat in the global market."
Perth Now
an hour ago
- Perth Now
Australia paves way for US beef as Trump tariffs loom
Australia has opened the door to more US beef imports by lifting biosecurity restrictions, as the government seeks ways to dampen the blow from Donald Trump's tariff regime. The federal government revealed the changes on Thursday while stressing that the decision follows a decade-long science-based review. "The Albanese Labor government will never compromise on biosecurity," Agriculture Minister Julie Collins said. "Australia stands for open and fair trade - our cattle industry has significantly benefited from this. "(The department) is satisfied the strengthened control measures put in place by the US effectively manage biosecurity risks." Although the US has been able to send beef to Australia since 2019, any beef raised in Canada or Mexico before being slaughtered and processed in the US was previously barred due to biosecurity concerns. One concern was that Mexico's livestock tracking system could inadvertently lead producers to import beef from parts of the continent where there were disease outbreaks. But the latest announcement will lift the ban on beef sourced from Canada or Mexico after the US introduced more robust movement controls in late 2024 and early 2025 allowing for improved identification and tracing throughout the supply chain. The change could be used as a bargaining chip as Australia continues to push for tariff exemptions from the US after the US president earlier this year demanded Canberra lift the beef import restrictions. Australia is the biggest exporter of beef to the US. According to Bendigo Bank's recent mid-year agriculture outlook, Aussie beef will continue to be on the menu in the US, where herd numbers are in decline due to drought and increased costs of agricultural inputs. Most Australian goods sent to the US currently face a 10 per cent tariff, while steel and aluminium products have been slapped with a 50 per cent tariff. Mr Trump has also threatened a tariff on pharmaceutical imports to the US, which is one of Australia's biggest exports to its ally. Although Prime Minister Anthony Albanese is yet to secure a face-to-face meeting with Mr Trump - after their first scheduled talks were scuppered by the conflict in the Middle East - Australia has largely avoided the brunt of the tariffs as most of its exports are only exposed to the baseline levy. But other aspects of the US-Australia relationship remain uncertain. The nuclear submarine deal between Australia, the US and the UK - under the AUKUS security alliance - could be in peril after the Pentagon launched a review to examine whether the agreement aligns with Mr Trump's "US first" agenda. However, Mr Albanese has confirmed Australia made another scheduled payment as part of the deal to acquire US nuclear submarines, taking the total paid to $1.6 billion so far. "It's about increasing ... their industrial capacity" to build the submarines, he told ABC television on Wednesday. Under the $368 billion program, Australia will buy at least three Virginia-class submarines from the US sometime in the early 2030s. A new class of nuclear submarines will be built in Adelaide to be delivered in the 2040s.
ABC News
an hour ago
- ABC News
Outback astronomers lodge appeal against Hydrostor's $1b energy storage project
A nearly $1 billion energy storage venture has hit a roadblock after an astronomy tourism business lodged a court appeal against the New South Wales government's decision to approve the outback project. In February, the NSW government approved Canadian company Hydrostor's 200-megawatt Advanced Compressed Air Energy Storage (A-CAES) project on the outskirts of Broken Hill as a State Significant Development (SSD) application. Linda and Travis Nadge own the tourism business Outback Astronomy, approximately 1.1 kilometres from the project, and lodged an appeal in the Land and Environment Court stating the project adversely impacts its business operations. In court documents obtained by the ABC, the Nadges said there is no agreement between them and Hydrostor addressing the noise levels at its address. The pair also said the project did not sufficiently identify lighting impacts, and that the environment impact statement and lighting impact assessment do not provide "any assessment of the light disturbance conducted at night". They say the Outback Astronomy business requires, over the course of a 30-day lunar cycle, three weeks of a dark, moon-free black sky to run its sky shows. Their other events require a moonlit sky to work. The pair also claim the environmental impact statement did not have a construction environmental management plan (CEMP) and therefore the project does not comply with EPA Act or key EPA regulations. In total, the Nadges made nine contentions in their 18-page statement, which was lodged in the NSW Land and Environment Court on May 16. They also contended the project did not meet zone objectives or have adequate essential services, in addition to lacking landowners' consent and detail on the development layout. Overall, the statement said, there was insufficient material to assess the application. Hydrostor lodged a response on June 16 and the NSW government on July 3, respectively. In response to noise concerns, a lawyer acting for the minister for planning and public spaces stated that the noise impacts on the Nadges were "assessed to comply with the NSW Noise Policy for Industry". Both the minister and Hydrostor denied the Nadges' contention regarding lighting impact. Both respondents' lawyers rejected the need for a CEMP, stating the project complied with the Planning Secretary's Environmental Assessment Requirements (SEARs). "It amounts to a contention that the minister's delegate did not have the jurisdiction to determine the SSD application, which is not a matter that is appropriate to be dealt with in this court's class 1 jurisdiction and is in an event denied," the minister wrote. As part of their statements of facts, the Nadges contend a residence adjacent to the project and across the highway from the Outback Astronomy business would also have adverse noise impacts from the project. In its reply, a lawyer for the state government alleged the residence was "unlawfully occupied" on land legally owned by the NSW government, and the residence had been constructed without "development approval". A day-long conciliation conference for the parties is scheduled for August 21.
