Geelong suburban seller home price hold or fold

New PropTrack data shows Geelong apartment prices sold discounts from median suppliers before the sale.

New data shows that in the suburbs of Geelong, buyers and sellers have the upper hand in guns that stick to price expectations.

PropTrack figures for supplier discounts – the biggest drop between the original advertising price and the price the buyer finally agrees to pay – reveals the suburbs where buyers can negotiate the best deal.

The coastal areas remained the best buyer market in the past 12 months, with prices down 8.3% between Anglesea and Point Lonsdale between listing and sales, and prices down nearly 8% at Portarlington and Barwon Heads.

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The four-bedroom Barwon Heads Home sold for $2.72 million for $2.72 million.

Barwon Heads’ median home prices fell by 20.7% in the 12 months to May (to $1.42 million), PropTrack data showed.

Pricing homes in Geelong City are more stable, with highlands of pricey interior suburbs, especially in central Geelong, but also with discrimination highs, with the highest discounts on Newtown and Geelong West.

Geelong Central Apartments have the highest prices, with a median discount between listing and sales of 5.7%.

Sellers performed best in regions such as Armstrong Creek, Belmont, Corio, Groville, Lara and Newcomb, where the median median suppliers of proptrack data have zero discounts.

The grand home in Geelong sold for $1.252 million, from $1.32 million to $1.42 million.

Highton director Michelle Winckle Hayeswinckle said discount price guidelines are more common in more expensive internal suburbs, as buyers compete for homes fewer buyers.

Data shows that prices are the most stable in Geelong’s northern and southern suburbs.

“It’s at a lower level and there are more people participating in the competition,” she said.

Geelong’s real estate market has been turbulent for 24 months, with prices generally rising to the latest.

Ms Winkle said price expectations often change to make homes more competitive in the market.

The four-bedroom manifold highland home sells for $1.685 million. It was initially listed with a hope of $179,000-$1.86 million.

“Until the campaign started, you often didn’t know and just didn’t catch the market, so adjustments needed,” Ms Winkle said.

“Often, it can still be sold as they originally wanted. It’s just a strategy change.”

Buyer advocate Michael Ramsay said that more and more real estate is being sold in coastal markets due to lower interest rates, although there are still some examples that homes are at prices much higher than what the market considers fair.

Mr Ramsay said this shows that the price guide is getting closer to buyers’ expectations with the beginning of the year.

The four-bedroom home in Highton sold for $1.285 million, up from initial expectations of $40,000.

Suburbdata analyst Jeremy Sheppard said there is a correlation between higher discounts and gentle demand.

Mr Sheppard said there are often disadvantages in areas where suppliers accept discount rates well below listed prices.

“If you’re just looking for a roof over your head and planning to stay on the property for 20 years, but from an investment standpoint, that’s not always good, then bargaining is great.”

“(In the high discount area) you have to be sure that you don’t need a while to sell because it will be more difficult for sellers… If you hold it for a long time, it will not be a problem because the market will eventually balance. If there is enough time, all areas will eventually grow.”

Geelong Median Supplier Discount Number

suburb	Attribute Type	Median sales price	Median supplier discount
Lonsdale Point	h	$1,207,500	-8.3
Anglesea	h	$1,350,000	-8.3
Portlington	h	$863,500	-7.9
Barwon’s head	h	$1,420,000	-7.8
Jan Juc	h	$1,270,000	-5.9
St. Leonards	h	$720,000	-5.8
Geelong	you	$615,000	-5.7
Hailin	you	$741,000	-5.4
Winchelsea	h	$650,000	-5.1
Geelong	h	$880,000	-4.4
Torquay	h	$1,175,000	-3.6
New Town	you	$575,000	-3.4
Manifold height	h	$1,260,000	-3.1
New Town	h	$1,150,000	-2.7
Hailin	h	$955,000	-2.6
Geelongsi	h	$850,000	-1.8
Dresdale	h	$710,000	-1.3
Lala	you	$447,500	-1.3
Belmont	you	$538,000	-1.1
Nolan	h	$451,000	-1
Groville	you	$496,250	-1
Heaton	h	$861,000	-0.9
Clifton Springs	h	$652,600	-0.9
Leopold	h	$650,000	-0.7
Bannockburn	h	$785,000	-0.7
Hamlin Heights	h	$720,000	-0.6
Herne Hill	you	$368,000	-0.6
Wandana Heights	h	$925,000	-0.5
Marshall	h	$630,000	-0.1
Armstrong Creek	h	$650,000	0
Lala	h	$680,000	0
leather	h	$490,000	0
Belmont	h	$700,000	0
Mount Denied	h	$700,000	0
Groville	h	$663,000	0
Chalimont	h	$615,500	0
Heaton	you	$500,000	0
Bell Post Hill	h	$660,000	0
Bell Park	h	$611,000	0
curlewis	h	$638,250	0
Newcomb	h	$550,000	0
Vine Pond	h	$765,500	0
St. Albans Park	h	$585,000	0
Whittington	h	$529,000	0
Herne Hill	h	$700,000	0
North Geelong	h	$610,000	0
Geelongsi	you	$387,500	0
Dong Geelong	h	$765,000	0
Hamlin Heights	you	$530,750	0
Thomson	h	$512,500	0
Cute bank	h	$840,000	0

Source: proptrack. Median supplier discount for homes sold within 12 months ending May 2025. Excluding suburbs with 30 sales.

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Geelong suburban seller home price hold or fold

Geelong Median Supplier Discount Number

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