Belmont Property Market & Buyers Agents 2026

The Belmont property market is characterized by its stability and consistent demand, making it a resilient performer within the broader Geelong region. As of April 2026, the median house price sits at approximately $725,000, showing a modest year-on-year growth of 2.8%. Units have a median price of $545,000, though they have experienced a slight annual decrease of 0.9%. The market is active, with houses spending a median of just 26 days on the market, indicating healthy buyer interest that continues to absorb available stock efficiently. The primary drivers for Belmont's market are its relative affordability compared to nearby suburbs like Highton and Newtown, combined with its extensive family-friendly amenities. The suburb attracts a diverse range of buyers, including first-home buyers taking advantage of the more accessible price point, families seeking proximity to quality schools and parks, and investors drawn to solid rental yields, which are around 3.6% for houses and a stronger 4.3% for units. A low vacancy rate of around 1% points to a tight rental market, providing security for investors. Supply dynamics are a key feature of the Belmont market. The average hold period for properties is around 11 years, and stock levels are often described as tight, which helps to support price levels even during market downturns. While new development occurs, it is often in the form of smaller-scale townhouse projects and subdivisions of larger blocks rather than large-scale land releases, preserving the suburb's established character. Looking forward, infrastructure projects in the wider Geelong area, such as the duplication of the South Geelong to Waurn Ponds rail line and expansions at Deakin University, are expected to bolster long-term demand for well-located suburbs like Belmont. Its position offering easy access to both central Geelong and the Surf Coast via major arterials like the Princes Highway and Barwon Heads Road underpins its enduring appeal and provides a solid foundation for steady, sustainable capital growth.

Belmont, meaning 'beautiful hill', is one of Geelong's largest and most popular southern suburbs, separated from the CBD by the picturesque Barwon River. Its character is defined by a blend of quiet, leafy residential streets and the vibrant commercial hub along High Street. This main strip, along with Belmont Village, provides comprehensive shopping with major supermarkets like Coles and Aldi, a 24-hour Kmart, and a wide array of cafes, services, and specialty stores. The suburb is exceptionally well-serviced for families, boasting a number of respected schools. These include Belmont High School, Belmont Primary School, Oberon High School, Oberon Primary School, and the Catholic primary school, Clairvaux. Proximity to Deakin University's Waurn Ponds campus is also a significant drawcard. Recreational opportunities are a cornerstone of Belmont's lifestyle. The area is rich in green spaces, with the Barwon River parklands offering extensive walking and cycling tracks. Belmont Common, Barwon Valley Park, and the fully-fenced Belmont Dog Park provide vast areas for sport, leisure, and community events. Transport links are excellent. Multiple bus routes operated by McHarry's Buslines and CDC Geelong connect Belmont to the city, Highton, Waurn Ponds, and Deakin University. For commuters, the nearby Marshall and South Geelong train stations provide direct links to Melbourne, while major road arteries including the Princes Highway, Barwon Heads Road, and the Geelong Ring Road offer easy travel to the Surf Coast and beyond.