The region's inherent strengths – its vibrant lifestyle, first-rate facilities and strategic location near Melbourne and coastal beaches – have positioned it for continued success in FY25.

The past year has seen a continuation of steady population growth across Greater Geelong, with data showing continual year-on-year growth across the region. The growing acceptance of remote work arrangements has led to an influx of professionals and families relocating from Melbourne to embrace the region's unique charm and unparalleled lifestyle.

We have also seen a significant increase in relocations to the region from regional Victoria and neighbouring areas, driven by the abundance of excellent job opportunities, world-class education, healthcare facilities, and unique and affordable coastal lifestyle.

The past year witnessed a shift in market dynamics in our region. While buyer interest levels remained steady, there was a notable increase in the number of listings, which contributed to a more diverse and accessible market. This surge in available properties provided buyers with greater choice, leading to a more considered approach to decision-making. 

Changes in the cash rate have resulted in a slight softening in the market for buyers seeking to upgrade. However, this trend presents a silver lining. With the dramatic rise in building costs, we're seeing more buyers favour established homes over properties requiring extensive renovations. Demand also remains strong for apartment towers and high-density townhouse developments, alongside ongoing activity in new housing estates.

In Barwon Heads, well-presented, quality homes in desirable locations continue to generate strong interest and achieve exceptional outcomes, showcasing the enduring appeal of the Bellarine Peninsula.