Geelong
Why Geelong?
Geelong is Victoria’s second-largest city and a major regional hub with a diverse economy driven by healthcare, manufacturing, education, retail, logistics, and tourism. Its Gross Regional Product of A$19.6 billion supports more than 145,000 local jobs. The city benefits from significant public and private investments in transport, renewable energy, education, and infrastructure, which continue to enhance its livability and long-term growth.
Investment Highlight:
Median house price: A$890,000
Median unit price: A$615,000
Rental yields: Around 3.5% for houses and 4.5% for units
Major projects: A$4 billion fast rail link to Melbourne, A$600 million health precinct, urban renewal of civic precincts, Ring Road upgrades, Avalon Airport expansion, and a proposed LNG import terminal
Strategic assets: Deep-water port for exports, growing renewable energy industry including offshore wind projects, and strong education and healthcare sectors supporting stable employment and demand.
Approximate Cost:
Median house price: A$890,000
Median unit price: A$615,000
Rental yields: 3.5% (houses), 4.5% (units)
Vacancy rate: Low and stable, reflecting consistent demand across the region
Ideal For: Geelong is ideal for property investors looking for steady capital growth, especially in affordable units and established houses. It also suits homebuyers and downsizers who value coastal amenities, lifestyle, and strong infrastructure links to Melbourne. Developers and commercial investors can take advantage of local precinct renewals and long-term economic drivers, including health, logistics, education, and renewable energy initiatives.
