Highton Market Update 1st Half 2026
In Q4 2025, Highton* recorded a median house price of $790,000and a median unit price of $545,000.This represents an annual (Q4 2024 - Q4 2025)price growth of 5.7% for houses and 5.1% for units. This suggests that now is an ideal time for owners to capitalize on their investments. Comparing Q4 2024and Q4 2025,sales increased by 6.6% (to 308sales in Q4 2025) for houses and by 61.9%(to 102 sales in Q4 2025)for units. Median price growth and higher sales numbers indicate that there is a highly-demanded market, which was further supported by previously lower interest rates. With a very limited number of new houses planned for 2026 price increases is highly likely; thus,buyers need to act fast.
FROM LAST
Highton£ plans to see approximately $740.7Mofnewprojectscommencing constructionin2026
HALF YEAR
PRICE Q4 2025
Q4 2025
AVERAGE DAYS ON MARKET Q4 2025
44
AVERAGE DAYS ON MARKET Q4 2025
A main mixed-use project in 2026 is Waurn Ponds Innovation, Education & Healthcare Precinct ($600.0M), which will deliver a 100,000sqm multi-stage health and education hub integrating medical services, research, emerging technologies, aged care, childcare and supporting retail. This will stimulate the local economy through job creation and attracting more people to the area.
Key residential projects include:
• 14-26 Basin Rise (28Townhouses)
• 16 Duggan Court (9 Apartments)
• 10 Challambra Cres (3 Dwellings)
Although several ready-to-sell housing stock are planned, this is not enough compared to Q4 sales of 308houses and 102units. Thus,supply will still be insufficient, which puts more pressure on prices across both property types.
AVERAGE VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
Average vendor discounts between Q4 2024 and Q4 2025 have tightened to-1.4% forhouses and -3.1% for units. Market conditions in Highton* still favours buyers, where owners are willing to accept below the first list price. That said, average vendor discount is closer to 0, with Q4 2025 being the tightest. This suggest a shift towards a seller’s market. With little new stock planned, buyers must act fast.
The suburb of Highton has historically outperformed the City of Greater Geelong in median house prices, while remaining on par for median unit prices. This trend has continued in 2025, with price growth in both the suburb and the wider LGA trending in the same direction.
The dominant proportion of homes sold in Highton* in 2025 were in the more affordable price bracket of $650,000 to $749,999(29.4%). Most of the units sold (30.2%) were in the middle-price bracket of $500,000to $599,999. This is good news forfirst home buyers. The premium price brackets have shown more activity, with 19.6% of houses sold above $950,000and 10.1% of units sold above $700,000.This is beneficial toowners. Overall, Highton* offers a diverse range of housing options catering to various budgets.
MARKET COMPARISON
Highton (3216) House
City of Greater Geelong House Highton (3216) Unit
City of Greater Geelong Unit
The market comparison graph providesa comparative trend for median price of houses and units over the past 5 years. The main LGA chosen was based on their proximity to the main suburb analysed, which is Highton.
PRICE BREAKDOWN 2025
than $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 and above
RENTAL GROWTH 2025€
House rental yield in Highton¥ was 3.1% as of December 2025,lower than the City of Greater Geelong (3.4%) and on par with Melbourne Metro (3.0%). This is paired with a 6.3% growth in median house rental price in the past 12 months to Q4 2025,at $542per week. The number of houses rented declined by -16.5% (to 237rentals in Q4 2025). This indicates an undersupplied house rental market in Highton¥, which is beneficial to investors.
4+ bedroom houses have provided investors with +6.0% rental growth annually, achieving a median rent of $615per week.
Highton¥ recorded a vacancy rate of 1.3%in December 2025, lower thanMelbourne Metro’s 2.0%. Vacancy rates have decreased in the past 12months toDecember 2025,which suggests there is a tighter rental market. Further, a 1.3% vacancyrate is still well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, which suggests there is quicker occupancy of rental homes in Highton¥. This creates a sustained and conducive environment forinvestors, even with a higher median house and unit sales price (thus, entry price) in the past 12 months in Q4 2025.
RENTAL VACANCY RATES 2025
Highton (3216) City of Greater Geelong Melbourne Metro REIA 'Healthy' Benchmark
RENTAL YIELD 2025§
Highton¥
PROJECT DEVELOPMENT MAP 2026 ₳
HIGHTON
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REFERENCES
* Highton sales market data and key indicators encapsulates aggregate property market conditions in the postcode of 3216.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2025 encapsulates sales transactions for the full year 2025 (01/01/2025 – 31/12/2025).
€ Annual rental growth is a comparison between Q4 2024 (01/10/2024 – 31/12/2024) and Q4 2025 (01/10/2025 – 31/12/2025) house median rent figures.
¥ Highton rental market data encapsulates aggregate property conditions within the postcode of 3216.
§ Rental yields shown are as reported as of December 2025.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within the postcode of 3216
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2026.
