324-332 Ryrie Street, Geelong, VIC 3220 | Property Value & History | OnTheHouse
 
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324-332 Ryrie Street
Geelong VIC 3220

Bedrooms: 5
Bathrooms: 5
Car spaces: -
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Last updated 5 Jan 2026
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Property Details for 324-332 Ryrie St, Geelong

324-332 Ryrie St, Geelong is a 5 bedroom, 5 bathroom Unit.

Building Type
Unit
Local Government
Greater Geelong

Last Listing description (October 2022)

Snap up a rare business or investment opportunity with this fully renovated block of five historic studios operating as popular short-stay apartments in the heart of Geelong.
The one-time Alexander Miller Memorial Homes, built in 1913-14, are perfectly positioned just 250m from University Hospital and on the doorstep of CBD shops and offices, Deakin University and the waterfront.
The landmark block of one-bedroom studios, designed by renowned architects Laird and Buchan, were among dozens of homes funded by Geelong retail pioneer and philanthropist Alexander Miller in the interwar era.

The sale includes the freehold and well-established short-stay business with potential returns of $185,000 to $225,000 per annum.
It also offers scope to develop a sixth unit, to subdivide in future (STCA) or as a superannuation fund investment.
Each stylish studio features a lounge, bedroom, well appointed and upmarket bathroom, timber floors and garden.
Character features include decorative fireplaces, high ceilings and verandahs with feature tessellated tiles.
The studios are also within easy reach of St John of God Hospital, East Geelong shopping centre, the Geelong Flyer ferry, and Geelong and South Geelong train stations.

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Property History for 324-332 Ryrie St, Geelong, VIC 3220

A timeline of how this property has performed in the market
  • 27 May 2022
    Listed for Sale $2,595,000
  • 06 Apr 2016
    Listed for Sale $790,000-$820,000
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About Geelong 3220

The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2016 was 5210 people. By 2021 the population was 5811 showing a population growth of 11.5% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation.In 2021, 53.60% of the homes in Geelong were owner-occupied compared with 54.00% in 2016.

Geelong has 6,468 properties. Over the last 5 years, Houses in Geelong have seen a 18.89% increase in median value, while Units have seen a 5.03% increase. As at 31 December 2025:

  • The median value for Houses in Geelong is $864,626 while the median value for Units is $653,252.
  • Houses have a median rent of $545 while Units have a median rent of $500.
There are currently 36 properties listed for sale, and 19 properties listed for rent in Geelong on OnTheHouse. According to Cotality's data, 196 properties were sold in the past 12 months in Geelong.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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