The big-picture read on Geelong as an investment market.
The City of Greater Geelong is a former manufacturing centre whose economy now spans defence, health, education and logistics. The LGA recorded 5,754 house sales over the past 12 months across 35 tracked suburbs, with a median house price of $708K, average gross yield of 3.7% and unemployment of 4.4%.
Positioned on Corio Bay and the Bellarine Peninsula, Victoria’s second-largest city now has a population of more than 289,000 and is forecast to surge past half a million residents by 2047 and reach one million by 2075. Driven by rapid population growth, record infrastructure investment and new industries in defence, health, education and logistics, Geelong is undergoing a once-in-a-generation transformation.
The Council’s $740 million FY2026 budget directs $210 million toward capital works, while more than $13 billion in state and federal projects are underway or planned.
Multimedia briefing (video / podcast / infographic) coming in next refresh, see the Watch · Listen · View section below.
Population, economy, and property market headlines.
Spending and economic scale figures surfaced from the Hotspotting Location Report.
Multimedia briefing pending, video explainer, podcast and infographic will be generated via NotebookLM and added in the next refresh.
Coming soon.
Top suburbs by 12-month house sales volume, with growth and rental data.
| Suburb | 12-mo sales | Median (house) | 1yr | 5yr avg p.a. | Yield | Vacancy |
|---|---|---|---|---|---|---|
| Armstrong Creek | 503 |
$670K | +1% | +4% | 3.9% | 0.9% |
| Lara | 458 |
$700K | -4% | +4% | 4.1% | 2.1% |
| Corio | 384 |
$540K | +8% | +6% | 4.1% | 1.9% |
| Ocean Grove | 368 |
$950K | -4% | +4% | 3.2% | 0.3% |
| Highton | 308 |
$898K | +2% | +4% | 3.5% | 1.7% |
| Belmont | 305 |
$708K | +2% | +3% | 3.7% | 1.1% |
| Norlane | 293 |
$494K | +7% | +6% | 4.0% | 3.4% |
| Mount Duneed | 277 |
$705K | -2% | +3% | 3.9% | 1.2% |
Vacancy ≤3% (healthy) · 3-4% (watch) · >4% (caution) · volume bar scaled to highest-volume suburb in LGA.
Considerations flagged in the Hotspotting Location Report.