Guide
Best suburbs to invest in Geelong: 5 affordable picks for 2026
Five suburbs in Geelong where a typical house costs less than the local median of $763,530 and the rent gives one of the higher yields in the area. A shortlist to research, not a list to buy from.
By Mossy Taheri, licensed buyer’s agent · Updated
The short answer
Five affordable suburbs to research in Geelong: Charlemont, Whittington, Armstrong Creek, Newcomb, Corio. Each has a typical house price under $763,530. Charlemont has had the strongest growth, about 10.0% a year over five years, and Charlemont has the highest gross yield, about 4.3%.
The five suburbs at a glance
Houses, all bedroom sizes, to 31 October 2026. Growth figures are average yearly changes.
| Suburb | Typical house price | Weekly rent | Gross yield | Price growth (5 yrs, a year) | Rent growth (3 yrs, a year) |
|---|---|---|---|---|---|
| Charlemont southern growth area | $650,961 | $535 | 4.3% | 10.0% | 3.7% |
| Whittington eastern Geelong | $592,959 | $482 | 4.2% | 4.0% | 6.1% |
| Armstrong Creek southern growth area | $694,493 | $534 | 4.0% | 8.5% | 3.0% |
| Newcomb eastern Geelong | $653,388 | $491 | 3.9% | 2.4% | 4.1% |
| Corio northern Geelong | $621,807 | $452 | 3.8% | 6.0% | 5.0% |
Each suburb in brief
1. Charlemont, southern growth area
Next to Armstrong Creek in Geelong's southern growth area, with the highest yield and strongest 10-year growth on this list. A lot of new housing is still coming, which can slow growth.
Typical house price $650,961, rent about $535 a week (a gross yield of 4.3%). Prices grew about 10.0% a year over five years and 12.2% a year over ten; rents grew about 3.7% a year over three years.
2. Whittington, eastern Geelong
An established suburb a few kilometres east of central Geelong, with mostly older homes and rents up about 6% a year over three years. The lowest-priced pick.
Typical house price $592,959, rent about $482 a week (a gross yield of 4.2%). Prices grew about 4.0% a year over five years and 6.4% a year over ten; rents grew about 6.1% a year over three years.
3. Armstrong Creek, southern growth area
Victoria's largest regional growth area, with new schools, shops and estates. Established homes here compete with a steady flow of new ones.
Typical house price $694,493, rent about $534 a week (a gross yield of 4.0%). Prices grew about 8.5% a year over five years and 10.6% a year over ten; rents grew about 3.0% a year over three years.
4. Newcomb, eastern Geelong
On the way to the Bellarine Peninsula, close to central Geelong, with a yield near 4% but slow price growth in recent years.
Typical house price $653,388, rent about $491 a week (a gross yield of 3.9%). Prices grew about 2.4% a year over five years and 6.7% a year over ten; rents grew about 4.1% a year over three years.
5. Corio, northern Geelong
A northern suburb near the Corio industrial area, with prices up about 12% over the past year.
Typical house price $621,807, rent about $452 a week (a gross yield of 3.8%). Prices grew about 6.0% a year over five years and 9.0% a year over ten; rents grew about 5.0% a year over three years.
How we chose them
- Affordable: a typical house price below the median for Geelong, $763,530 (our analysis, typical house value for the City of Greater Geelong, October 2026).
- Reliable: only suburbs with enough sales and rentals to give dependable figures.
- Ranked on gross rental yield, then checked for price and rent growth so a high yield isn't simply a sign of falling values. 7 suburbs passed the first filters.
- Covers Geelong itself. Smaller towns elsewhere in the state are on the regional list.
This is a shortlist for research, not a recommendation to buy in any of these suburbs. Past growth doesn’t predict future growth, and figures for a whole suburb hide big differences between streets and properties. General information only, not personal financial advice.
Before you buy in any of them
- Check the council's flood, bushfire and planning overlays for the street, not just the suburb.
- Look at the vacancy rate and how many rentals are listed, so you know tenants are there.
- Find out what's being built nearby: new estates and apartment blocks add supply and can slow growth.
- Get a building and pest inspection; many affordable suburbs have older homes.
- Run the numbers on the property itself, including interest, rates, insurance and management.
Our rental yield calculator and cash flow calculator help with the last step. For buying costs, see stamp duty.
- Geelong market guide 2026
- Buyers agent Geelong
- Best suburbs to invest in regional Victoria
- Best suburbs to invest in Australia: every list
- All locations
Cite this page: Rising Returns, “Best Suburbs to Invest in Geelong 2026: 5 Affordable Picks”, data to 31 October 2026, https://risingreturns.com.au/best-suburbs-to-invest-geelong/
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Book a free discovery callInvesting in Geelong: common questions
What are the best affordable suburbs to invest in Geelong?
On our analysis of suburb data to 31 October 2026, our five picks are Charlemont, Whittington, Armstrong Creek, Newcomb and Corio. Each has a typical house price below $763,530, enough sales to give reliable figures, and one of the higher rental yields in the area. They are a starting point for research, not a recommendation to buy in any of them.
What does affordable mean on this list?
A typical house price below the median for Geelong, $763,530 (our analysis, typical house value for the City of Greater Geelong, October 2026). It is relative: an affordable suburb in Sydney still costs more than most regional towns.
Does past growth mean these suburbs will keep growing?
No. Growth figures show what has happened, not what will. Strong recent growth can mean a suburb has already had its run. Look at supply, jobs, infrastructure and vacancy rates as well, and check the individual property and street.
Why does the list only cover houses?
Houses usually hold more land value, which tends to drive long-term growth, and house data is more consistent between suburbs. Units and townhouses can suit some budgets and goals, but they need a separate comparison.
General information only. It doesn’t consider your personal circumstances and isn’t financial, tax, credit or legal advice. Speak to a licensed professional before you act.