Geelong’s residential property market has demonstrated strong resilience in 2024, maintaining price stability amid changing buyer preferences and outperforming other regions in terms of demand and growth.

The region’s affordability compared to Melbourne and significant infrastructure developments have made Geelong increasingly attractive to both local and interstate buyers.

According to Buxton Real Estate, the median house price in Geelong has risen modestly to $767,000 — up 2.5% from 2023. While many areas have seen price fluctuations, Geelong’s stability has been supported by robust buyer interest and a steady influx of regional movers.

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