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City of Greater Geelong

Norlane

Norlane Property Market
& Suburb Profile

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MEDIAN PRICES IN NORLANE

Median house price

(all agencies, last 12 months)$470k*

House price change

(all agencies, last 12 months)+4.44%

Median unit price

(all agencies, last 12 months)$439k*

Unit price change

(all agencies, last 12 months)+13.16%

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

NORLANE price TRACKER

HousesUnits

Norlane 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)42

Average days on market (units)

(all agencies, 12 months)39

Average held period in Norlane

(proptrack)9 years

Norlane Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$419pw

House rental price change

(all agencies, last 12 months)0.06%

Median rental price for Units

(all agencies, last 12 months)$418pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)4.23%

Average rental yield for Units

(all agencies, last 12 months)4.56%

Norlane total population size

(as at the last census)8,682

Median household size in Norlane

(as at the last census)2.2

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

Norlane property types

  • Houses 59%
  • Units 8%
  • Other 33%

OCCUPANCY in Norlane

  • Owned 41%
  • Rented 54%
  • Other/Not Stated 5%
  • Singles 40%
  • Families 55%
  • Other 5%

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About Norlane

Norlane is a large, historically significant suburb located approximately seven kilometres north of the Geelong central business district, positioned conveniently close to the shore of Corio Bay.

Developed extensively by the Housing Commission of Victoria in the 1950s, the suburb was designed to accommodate the influx of workers for Geelong's large industrial employers, such as the former Ford factory and Shell Refinery.

Today, Norlane offers one of the most affordable entry points into the Geelong property market, attracting investors and first-home buyers seeking value and strong rental yields, with a current median house price typically in the high $400,000s and an excellent median rental yield.

The suburb is defined by its strong community infrastructure and exceptional transport links. Residents benefit from the V/Line train services running from North Shore Railway Station (located in the suburb's southeast) to both Geelong and Melbourne, making it highly attractive to city commuters. Road access is also superb, sitting close to the Princes Freeway (Geelong Bypass), which allows for fast travel towards Melbourne. A major recreational asset is the Northern Aquatic and Community Hub (Waterworld), a large complex featuring indoor heated pools, waterslides, a gym, and sports facilities, which serves as a central hub for health and fitness.

Norlane is well-equipped with amenities, featuring local shopping precincts like the original Labuan Square and easy, quick access to the large Corio Central Shopping Centre nearby. Education is catered for by several institutions, including Northern Bay College (P-12) and St Thomas Aquinas Primary School.

The suburb provides ample green space, with ten parks and reserves, including Evans Reserve and walking trails along Cowies Creek. While historically faced with challenges, Norlane is undergoing revitalisation, leveraging its generous land parcels and unbeatable accessibility to both the waterfront and employment hubs, offering significant potential for future growth.

Education

St Thomas Aquinas School
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Sales Comparison

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

Norlane MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025334$454,2504.44%360$419pw4.39%
2024195$421,2501.66%299$402pw4.56%
2023151$426,250-3.71%314$389pw4.41%
2022189$470,0004.21%294$368pw4.09%
2021273$415,50020.91%254$340pw3.58%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025334$454,250+4.44%
2024195$421,250+1.66%
2023151$426,250-3.71%
2022189$470,000+4.21%
2021273$415,500+20.91%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025360$419pw4.39%
2024299$402pw4.56%
2023314$389pw4.41%
2022294$368pw4.09%
2021254$340pw3.58%

PROUDLY SERVICING Norlane

Barry Plant
Geelong

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North Shore

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NEWS & INSIGHTS

Your Guide to Victoria's Upcoming Rental Reforms: What You Need to Know

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Handy tips for the first home buyer

*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.