Market activity in Barwon Heads and the broader Bellarine Peninsula has seen a noticeable uptick, driven by shifting vendor expectations and broader market conditions. Transactions have increased as buyers have upsized, downsized and re-entered the market – particularly investors with self-managed super funds.
A steady rise in interest from Melbourne and regional Victoria buyers has further bolstered activity. Recent rate cuts have restored confidence and lifted transaction volumes. With speculation of further rate reductions to come, we expect the Bellarine market to improve over the next 6 to 12 months.
Move-in-ready family homes are in high demand, with families seeking larger homes in familiar areas. On the supply side, townhouse stock has increased, although demand has softened slightly, offering more choice for those seeking low-maintenance living.
A clear trend is emerging towards townhouse developments in Ocean Grove and Barwon Heads, particularly in central and coastal pockets. Developers are capitalising on large land parcels, three-storey height allowances, and opportunities to maximise ocean and river views. These properties are attracting a mix of local owner-occupiers, out-of-town investors and holiday-home buyers seeking high-quality, lock-up-and leave residences near key amenities.
Rental activity across the Bellarine remains strong, despite tight supply. The quality of rental homes continues to improve, supported by mandatory compliance checks and new minimum standards. Investor confidence is returning, buoyed by steady yields and a slight ease in purchase prices. Days on market remain low, and sustained demand continues to push rents higher, delivering reliable returns for rental providers.
The Bellarine Peninsula is rapidly becoming one of Victoria’s most sought-after regions, thanks to upgraded community infrastructure and improved transport links.
