27/06/2026
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**Bellarine Market Update | May 2025 vs May 2026**
One statistic really stood out to me this last month.
Across Ocean Grove, Leopold, Clifton Springs, Drysdale, Barwon Heads and St Leonards, there were **91 residential sales in May**, compared with **128 in the same month last year**.
That’s a **28.9% reduction in the number of properties changing hands.**
Ocean Grove alone recorded **29 sales compared to 42 last May**.
What does this mean?
It doesn’t necessarily mean property values are falling. It means **fewer people are transacting**. Buyers are still active, but they’re generally taking more time, comparing more properties and being more selective.
In a market like this, pricing, presentation and marketing become even more important.
Swipe through the slides for the suburb-by-suburb breakdown.
If you’re thinking about selling, buying or simply want to understand what’s happening in the local market, feel free to get in touch.
— Chris Schumann
Ocean X Property