McGrath expands along growth corridor from Geelong to Torquay

McGrath Estate Agents announces a new office in the popular coastal Victorian town of Torquay. The choice of Torquay is pivotal to the company’s expansion across key lifestyle areas stretching from Geelong to the Surf Coast. McGrath Armstrong Creek consolidates the group’s presence in the region.

McGrath Torquay principal Sam Parsons said Torquay remains one of Victoria’s most desirable coastal markets. “The area has high lifestyle appeal with coastal living, strong community, surf culture and some of the best beaches in the world,” said Mr Parsons.

“We are strategically positioned across Geelong, Armstrong Creek and now Torquay - connecting a high-growth coastal and urban corridor that represents one of Victoria’s most exciting and premium property markets,” he added.

“While market values have moderated slightly, long-term growth is strong, rental demand is resilient, and lifestyle appeal continues to attract permanent-home buyers and sea-changers,” said Mr Parsons. “With ongoing amenities investment like the new $46 million aquatic and recreation centre, the area’s appeal for families, investors and owner occupiers remains vibrant.”

The region is experiencing strong population growth driven by lifestyle migration from Melbourne and interstate buyers seeking coastal and regional living. “We are seeing high buyer and tenant demand across both sales and property management due to the area’s affordability compared to Melbourne,” said Mr Parsons. “There’s also the appeal of a premium lifestyle.”

Together with McGrath Geelong and McGrath Armstrong Creek, the company will service a diverse market mix from first-home buyers and families in growth estates like the residential and infrastructure development in Armstrong Creek, to premium coastal homes and luxury properties in Torquay and the Surf Coast.

Torquay has a median house price of $1.2 million up 1.1% in 2025*. Positive signs show an increase in value of 1.2% for 2026. The rental market has seen a 10.8% increase in the past 12 months to a median of $720 a week while units increased 5.5% to $580 a week. Yields range from 3% to 3.5%>

McGrath Torquay will also cover the prime coastal suburbs of Jan Juc, the world-renowned international surf destination of Bells Beach and the semi-rural Bellbrae and Freshwater Creek offering acreage within easy reach of the coast.

Recent sales include:

225 The Esplanade, Torquay

SOLD - $3.65 million

Oceanfront on 1000 sq m

https://www.mcgrath.com.au/property/225-the-esplanade-torquay-vic-3228-220P1377

11 Empire Court, Torquay

SOLD - $1.48 million

4-bed family home

https://www.mcgrath.com.au/property/11-empire-court-torquay-vic-3228-220P2017

47 Marine Drive, Torquay

SOLD - $1.35 million

4-bed, 2-storey home