Highton Property Market Update 2nd Half 2026
Highton offers a desirable mix of leafy suburban living and modern convenience, with quality schools, local cafés, boutique shopping, and scenic Barwon River parklands. Located just minutes from central Geelong and within easy reach of Melbourne, it delivers a relaxed yet well-connected lifestyle ideal for families and professionals alike.
Property Trends
In Q2 2026, Highton recorded a median house price of $781,500 and a median unit price of $547,500, representing an annual (Q2 2025 - Q2 2026) price growth of 4.9% for houses and 5.7% for units. During the same time, sales decreased by -8.0% for houses (to 241 sales in Q2 2026) and by -4.2% (to 69 sales in Q2 2026) for units. This confirms an undersupplied market across both property types, which has helped to support price growth despite multiple cash rate hikes in 2026. Now is an ideal time for owners to capitalize on their investments. Further, with no ready-to-sell stand-alone houses planned for 2026, median price is highly likely to rise further; thus, buyers must act fast.
Project Development
Highton plans to see approximately $115.6M of new projects commencing construction in 2026. While several residential developments are planned in 2026 and will add to the market's ready-to-sell stock, there are only apartments and townhouses in the pipeline. At present there are no new stand-alone dwellings/houses planned. As a result, the existing undersupply for stand-alone houses will most likely continue, placing more pressure on the median house and unit prices.
Rental Market & Growth
House rental yield in Highton was 3.6% as of June 2026, higher than the City of Greater Geelong (3.4%) and Melbourne Metro (3.2%). This is paired with a 5.8% growth in median house rental price in the past 12 months to Q2 2026, at $550 per week, and a -3.2% decline in the number of houses rented (to 239 rentals in Q2 2026). This indicates an undersupplied house rental market in Highton, which is beneficial to investors.
Vacancy Rates & Property Investment
Highton recorded a vacancy rate of 1.7% in June 2026, slightly lower than the City of Greater Geelong’s average of 1.8%. Vacancy rates in the past 12 months have increased to June 2026, due to investors re-entering the market. However, a 1.7% vacancy rate is still well below the 3.0% benchmark, which suggests quicker occupancy of rental homes in Highton. This creates a sustained and conducive environment for investors, even with a higher median house and unit sales price (thus, entry price) in the past 12 months in Q2 2026.
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