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City of Greater Geelong

Lovely Banks

Lovely Banks Property Market
& Suburb Profile

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MEDIAN PRICES IN LOVELY BANKS

Median house price

(all agencies, last 12 months)$735k*

House price change

(all agencies, last 12 months)-3.29%

Median unit price

(all agencies, last 12 months)$425k*

Unit price change

(all agencies, last 12 months)-0.58%

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

LOVELY BANKS price TRACKER

HousesUnits

Lovely Banks 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)32

Average days on market (units)

(all agencies, 12 months)63

Average held period in Lovely Banks

(proptrack)9 years

Lovely Banks Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$538pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$404pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.72%

Average rental yield for Units

(all agencies, last 12 months)4.89%

Lovely Banks total population size

(as at the last census)2,782

Median household size in Lovely Banks

(as at the last census)2.9

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

Lovely Banks property types

  • Houses 49%
  • Units 18%
  • Other 33%

OCCUPANCY in Lovely Banks

  • Owned 84%
  • Rented 13%
  • Other/Not Stated 3%
  • Singles 17%
  • Families 80%
  • Other 2%

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About Lovely Banks

Lovely Banks is a large, serene suburb located in the northern area of Geelong, uniquely defined by its elevated position that offers expansive and picturesque views across the surrounding countryside and Corio Bay.

The suburb's name is thought to be descriptive of the area’s beautiful rolling landscape, which rises quickly to over 100 metres above sea level, providing unparalleled vistas of the city, the bay, the You Yangs mountain range, and in some locations, even the Melbourne skyline.

Historically, Lovely Banks served as the site of a service reservoir for Geelong’s water supply and, more recently, has been shaped by the construction of the Geelong Ring Road, which now provides quick access to surrounding suburbs and major freeways.

The suburb is currently characterised by a highly attractive blend of established residential pockets and substantial rural and lifestyle properties, making it ideal for those seeking a peaceful, spacious living environment that retains a quiet, community-focused atmosphere. This unique mix contributes to a diverse property market, though it maintains a strong owner-occupier rate.

The area is becoming increasingly significant due to ambitious master-planned communities that are set to bring thousands of new homes, new schools, and extensive community facilities to the region, including a major Town Centre built on the plateau to maximise the two-hundred-degree views.

Despite its quiet setting, Lovely Banks boasts superb connectivity due to its proximity to major transport routes, including the Princes Freeway and the Geelong Ring Road, providing convenient and fast access to both the Geelong CBD and Melbourne.

Education is well-serviced by private institutions, notably the Geelong Baptist College (Prep-12) and the rural campus of Kardinia International College, ensuring quality schooling is available locally.

With its blend of natural beauty, established charm, significant development potential, and excellent access, Lovely Banks is fast emerging as a highly desirable location in the Greater Geelong region.

Education

Geelong Baptist College
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Sales Comparison

Find out how Lovely Banks median sales prices compare to neighbouring suburbs.

Lovely Banks MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202541$580,000-3.29%23$471pw4.30%
202444$589,25010.14%38$453pw4.51%
202328$555,000-12.65%40$439pw4.35%
202238$574,50015.32%24$413pw3.97%
202162$512,50021.13%36$386pw3.54%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202541$580,000-3.29%
202444$589,250+10.14%
202328$555,000-12.65%
202238$574,500+15.32%
202162$512,500+21.13%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202523$471pw4.30%
202438$453pw4.51%
202340$439pw4.35%
202224$413pw3.97%
202136$386pw3.54%

PROUDLY SERVICING Lovely Banks

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.