Selling on the Bellarine Peninsula in April 2026 requires balancing increased stock levels against dampened buyer urgency. While listings increased nearly 40% since December 2025 (Raine & Horne), RBA rate hikes in February and March 2026 have made buyers more cautious (Domain).
The Bellarine Peninsula is experiencing a significant increase in available stock, with listings up nearly 40% since December 2025 (Raine & Horne). However, the urgency that drove records in late 2025 has shifted following RBA rate hikes in February and March 2026 (Domain).
Coastal town price variations
Ocean Grove remains the largest residential market on the Bellarine with a median house price of approximately $1,039,067 (Bellarine Times/WhichRealEstateAgent/HtAG Analytics). It has seen an annual change of -6.19% as it corrects from its COVID peak, though its five-year average annual growth remains 7.38% (Bellarine Times/WhichRealEstateAgent/HtAG Analytics).
Current buyer behaviour
Open for inspection attendances are up 3% year-on-year as of early 2026 (Raine & Horne). Despite this, the clearance rate in Greater Geelong is 56.61% and the median days on market is 36 (HtAG), indicating a neutral market where pricing must be precise to effect a sale.
Growth corridor activity
Armstrong Creek continues to show strong momentum, reporting its highest buyer enquiry levels in two years (Bellarine Times). This growth corridor operates differently than premium coastal villages like Barwon Heads, where tight supply and consistent demand typically keep prices above those in Ocean Grove.
The timing risk
The primary risk for vendors is the disconnect between late 2025 confidence and April 2026 reality. While appraisals surged over 75% month-on-month into early 2026 (Raine & Horne), the February and March RBA rate hikes have introduced new caution (Domain).
| Location/Property Type | Median Price |
|---|---|
| Ocean Grove (House) | $1,039,067 |
| Geelong (House) | $890,000–$945,000 |
| Geelong (Unit) | $630,000 |
Frequently asked questions
What is the current median house price in Geelong?
The median house price in Geelong is approximately $890,000 to $945,000, while units are averaging approximately $630,000 (Bellarine Times/WhichRealEstateAgent/HtAG Analytics). These figures reflect a market that is currently transitioning out of a correction phase, with annual growth tracking at approximately +1.2% through 2025.
How are interest rates affecting Bellarine property?
Recent RBA rate hikes in February and March 2026 have introduced new caution among buyers (Domain). While open for inspection attendances rose 3% year-on-year (Raine & Horne), the urgency seen in late 2025 has dampened, meaning properties must be priced accurately to secure a sale in the current environment.
What is the market trend in Ocean Grove?
Ocean Grove remains the largest residential market on the Bellarine with a median house price of approximately $1,039,067 (Bellarine Times/WhichRealEstateAgent/HtAG Analytics). However, it has seen an annual price change of -6.19% as it corrects from its COVID peak, despite a 7.38% average annual growth over five years.
How long does it take to sell a home in the Geelong region?
The median days on market for the Greater Geelong area is currently 36 days, which sits within a neutral range (HtAG). This is accompanied by a clearance rate of approximately 56.61% (HtAG), suggesting that while properties are selling, they are not moving as rapidly as they did during peak periods.
Questions to ask your agent
- How has the February and March RBA hike specifically affected buyer enquiry for my property type in the last 30 days?
- What is the current ratio of active listings to sales in my specific coastal town compared to the broader Bellarine region?
- Given the -6.19% correction in Ocean Grove, how are you adjusting the pricing strategy to attract buyers who are now more cautious?
This article contains general market information based on data current as at April 2026. It does not constitute financial, legal, or real estate advice specific to your property or circumstances. For an appraisal and tailored advice, speak with a Fletchers agent in your area.