12 Thamballina Road, Clifton Springs, Vic 3222
$690,000 - $730,000
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Open Saturday 5 September 10:45 amOriginally developed as a 19th-century spa resort centered around mineral springs and a grand hotel. The suburb transitioned into a residential area during the 1960s and 70s, characterized by mid-century coastal architecture and large allotments.
A quiet, family-oriented coastal suburb known for its hilly terrain, golf course, and strong community focus on boating and outdoor recreation.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Clifton Springs serves as the 'affordable' gateway to the Bellarine Peninsula. It offers a lifestyle similar to premium coastal suburbs but at a 30-40% discount, making it a primary target for first-home buyers and sea-changers.
$650k – $1.2m
$480k – $620k
12-month movement
Current asking rents
The market has found a floor after the post-pandemic correction, showing resilient growth driven by owner-occupiers rather than speculative investors.
Price comparison
Median price ÷ median income
Estimated rental yield
Clifton Springs remains one of the most accessible coastal markets in Victoria, though rising interest rates have squeezed the lower-end buyer pool.
Lower = tighter market
Avg time on market
Annual rental increase
Young families and couples working in Geelong or the local healthcare sector.
Stable yields with low vacancy. Capital growth is likely to be steady rather than explosive, making it a safe 'buy and hold' location.
Expect moderate, consistent growth. The suburb will benefit from its proximity to the Drysdale Bypass and the continued development of the Curlewis growth corridor.
vs last 12 months
Relative comparison
Standard home security is sufficient. Most local issues are related to opportunistic theft from unlocked vehicles.
The primary risks are environmental and structural rather than social, specifically related to the suburb's coastal geography.
Low risk; however, the hilly terrain can lead to localized stormwater runoff issues on lower-lying blocks.
Low risk for the main township, but properties on the southern rural fringe should maintain fire readiness.
Standard for most; properties within 100m of the cliff edge should confirm coverage for landslip or erosion.
Significant Landscape Overlay (SLO), Environmental Significance Overlay (ESO)
Infill development of older large blocks into 2-3 unit sites.
Overlays are designed to protect the 'green' feel and bay views, which can restrict the height and footprint of new builds or extensions.
Poor; car is essential. Bus 60 connects to Geelong but is infrequent.
Good; local golf club, bowls, and boat ramp. Major shops 3 mins away in Drysdale.
Excellent; The Dell and the foreshore reserve offer high-quality public space.
Very Good; Clifton Springs Primary is well-regarded, with secondary options in Drysdale.
Moderate; Local GPs available, but major hospitals are 25 mins away in Geelong.
A maturing suburb that is successfully attracting a younger demographic while retaining its established retiree base.
The high owner-occupancy rate contributes to well-maintained properties and a stable, quiet community atmosphere.
Development is largely focused on the adjacent Curlewis growth area and Drysdale infrastructure upgrades.
Residents value the peace, safety, and views. There is a strong sense of pride in the 'hidden gem' status of the suburb.
I've raised three kids here and never felt unsafe. The Dell is our second home in summer.
The golf course is world-class for the price. I just wish the buses ran more often to Geelong.
We couldn't afford Ocean Grove, but we got a house with a view here for $300k less.
Position the property as a 'lifestyle upgrade' that doesn't require a 'surf coast' price tag. Emphasize the quiet, safe streets and proximity to the golf club.
A low-risk, steady-yield play with potential for long-term capital growth through gentrification.
Limited capital growth in the short term and higher maintenance costs for older coastal properties.
Quiet streets, bay access, and generally larger backyards than newer estates.
Older homes can be poorly insulated and expensive to heat in winter.
Strict adherence to Victorian rental minimum standards is required, particularly regarding heating and dampness in older coastal homes.
Focus on 'The Bellarine Lifestyle'—wineries, boating, and golf all within 5 minutes.
Young professional families and active retirees.
This report is based on data available as of 2026-03-13. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent research and seek professional advice before making any property purchase.
$690,000 - $730,000
4 2 3
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