Geelong
The median rent for a 2-bedroom unit in Geelong is $460 a week for leases that started in the year to September 2025, down 2.1% on a year earlier. That is 7% above the typical 2-bedroom unit rent across Geelong ($430). The median sale price in the Mar 2026 quarter was $825,000 for a house and $663,500 for a unit. A year of rent for that home is about 4.2% of its median sale price (gross rental yield). The rent data covers Geelong-Newcombe as one area, so these rent figures are shared by Geelong, Newcomb.
Median rent in Geelong
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $380 | -5.2% | 163 |
| 2-bedroom unit | $460 | -2.1% | 315 |
| 3-bedroom unit | $518 | +2.6% | 66 |
| 2-bedroom house | $440 | +2.3% | 112 |
| 3-bedroom house | $480 | +4.3% | 413 |
| 4-bedroom house | $575 | +4.5% | 81 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $825,000 | Mar 2026 quarter |
| Unit | $663,500 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Barwon Heads $468 a week
- Ocean Grove $468 a week
- Newtown (Greater Geelong) $440 a week
- Belmont $430 a week
- Grovedale $430 a week
- North Geelong $420 a week