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City of Greater Geelong

Breakwater

Breakwater Property Market
& Suburb Profile

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MEDIAN PRICES IN BREAKWATER

Median house price

(all agencies, last 12 months)$548k*

House price change

(all agencies, last 12 months)+6.31%

Median unit price

(all agencies, last 12 months)$513k*

Unit price change

(all agencies, last 12 months)+14.4%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

BREAKWATER price TRACKER

HousesUnits

Breakwater sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)50

Average days on market (units)

(all agencies, 12 months)33

Average held period in Breakwater

(proptrack)10 years

Breakwater Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$475pw

House rental price change

(all agencies, last 12 months)0.06%

Median rental price for Units

(all agencies, last 12 months)$413pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)4.15%

Average rental yield for Units

(all agencies, last 12 months)4.33%

Breakwater total population size

(as at the last census)1,060

Median household size in Breakwater

(as at the last census)2.1

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Breakwater property types

  • Houses 52%
  • Units 14%
  • Other 34%

OCCUPANCY in Breakwater

  • Owned 60%
  • Rented 38%
  • Other/Not Stated 2%
  • Singles 38%
  • Families 55%
  • Other 7%

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About Breakwater

Breakwater is a functional and historically significant suburb of Geelong, blending a core industrial presence with affordable residential pockets, all situated on the southern bank of the Barwon River.

Located just four kilometres south-southeast of the Geelong central business district, the suburb takes its evocative name from a rock ford constructed across the river by Geelong's first Police magistrate, Captain Foster Fyans, in 1837. This historical breakwater was vital in its time, stopping the inflow of saltwater to ensure the town had a supply of fresh river water, a legacy that defines its character as a bridge between the river and the sea.

The suburb’s location is highly convenient for connectivity and local events. The residential areas are situated right next to the Geelong Racecourse, allowing residents easy access to race days and events at the adjoining Geelong Showgrounds, providing a strong local leisure focus. Education and training facilities are readily accessible, with the James Harrison College and part of the Gordon TAFE located nearby on the northeast edge of the suburb, opposite the racecourse. Furthermore, Breakwater offers excellent transit links, being just a short drive from South Geelong Station for easy train access to the city or the coast.

Breakwater caters well to essential needs and local entertainment. Residents can dine locally at establishments like the Breakwater Hotel, Buckley’s Entertainment Centre, or the White Eagle House, and a farmer’s market is regularly held at the showgrounds. While having its own handful of local shops and an indoor play centre, major retail hubs like Bellarine Village and Newcomb Central shopping centres are only approximately five minutes away by car, and the Geelong CBD is a short ten-minute drive.

The suburb maintains an affordable and active market, industrial strength, and recreational access makes Breakwater a practical and well-positioned Geelong suburb.

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Sales Comparison

Find out how Breakwater median sales prices compare to neighbouring suburbs.

Breakwater MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202528$530,0006.31%18$444pw4.24%
202423$485,500-10.43%30$427pw4.33%
202318$509,125-0.86%35$415pw4.10%
202229$555,0008.51%32$396pw3.72%
202129$484,75030.37%26$374pw3.50%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202528$530,000+6.31%
202423$485,500-10.43%
202318$509,125-0.86%
202229$555,000+8.51%
202129$484,750+30.37%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202518$444pw4.24%
202430$427pw4.33%
202335$415pw4.10%
202232$396pw3.72%
202126$374pw3.50%

PROUDLY SERVICING Breakwater

Barry Plant
Geelong

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.