Blocks of units in Mount Duneed represent one of regional Victoria’s most compelling multi-tenancy investment opportunities, combining a fast-growing coastal-fringe population, rising land values, and a rental market that consistently outpaces supply. Whether you are acquiring an established block for immediate income or targeting a site with development upside, Mount Duneed deserves serious attention in any 2026 portfolio review.

What Are Blocks of Units in Mount Duneed, and Why Do They Matter for Investors?

Mount Duneed sits on Geelong’s southern growth corridor, approximately 10 kilometres from the Geelong CBD and within easy reach of Surf Coast destinations including Torquay and Jan Juc. The suburb is not a sleepy satellite town. ABS Census 2021 records a population of 6,182 residents with a median age of just 32.0 years, a profile that points squarely at a working-age renter cohort eager for well-located, modern accommodation.

That cohort earns well. ABS Census 2021 records a median household income of $2,274 per week, which is meaningfully above many comparable outer-suburban benchmarks. Combined with a median weekly rent of $446, landlords operating a block of units in the suburb can model relatively secure income against a tenant base with genuine capacity to pay.

A block of units (also called a multi-tenancy investment or residential strata block) is a single title or group of titles comprising multiple self-contained dwellings. Owning the entire block means you control all decisions: rental pricing, capital works, lease terms, and eventual exit strategy. That control is precisely what separates a block of units from a single apartment in a large owners-corporation-managed complex.

What Do the Numbers Say About Mount Duneed Property in 2025-2026?

Concrete data is what separates a sound investment thesis from wishful thinking. Here is what the most recent figures show.

Median Sale Prices

• Median house price: $710,000 (April-June 2025 quarter), up +0.7% quarter-on-quarter, stable year-on-year at 0.0% (DataVic/REIV via Collings CRM data).
• Median land price: $374,000 (April-June 2025 quarter), up +3.9% quarter-on-quarter and +7.9% year-on-year (DataVic/REIV via Collings CRM data).

The divergence between house price stability and strong land price growth is a meaningful signal. It suggests that while improved stock has plateaued in the short term, raw developable land is being absorbed quickly. For a block-of-units investor, this dynamic works in two directions. First, the entry price on an established block reflects reasonable current-market pricing. Second, any block sitting on a generous allotment carries embedded land value that is appreciating at nearly 8% per year.

Rental Demand Context

ABS Census 2021 records a median rent of $446 per week across the suburb. Applying that figure across, say, a four-unit block generates a gross weekly rental income of approximately $1,784 before expenses. SQM Research’s national vacancy data consistently shows Geelong-corridor postcodes tracking below 2%, a level at which landlords hold meaningful negotiating power at lease renewal.

For a broader picture of how Mount Duneed compares to metropolitan alternatives, the rental yield Melbourne suburbs guide for 2026 provides suburb-by-suburb benchmarks that help contextualise your return expectations.

What Are the Key Considerations When Buying a Block of Units in Mount Duneed?

Purchasing a multi-tenancy asset is a materially different exercise from buying a single dwelling. The following checklist covers the issues that most frequently determine whether a block of units performs or disappoints.

Zoning and Development Potential

Mount Duneed falls within the City of Greater Geelong’s planning framework. Much of the suburb is zoned for residential growth, with sections designated under the Urban Growth Zone, which can allow medium-density development subject to a Precinct Structure Plan. Before exchanging contracts, commission a planning report to confirm the permissible density on any target site. A block already approved for an additional two or three dwellings can add 15-25% to the effective yield.

Body Corporate and Title Structure

Some blocks trade as a single Torrens title; others have been strata- or company-titled. The title structure affects your financing options, your ability to sell individual units separately in the future, and your owners-corporation obligations. Your conveyancer should confirm the title type before you sign.

Building Condition and Capital Expenditure

Older brick walk-ups built in the 1970s and 1980s often come with deferred maintenance on roofing, plumbing, and electrical systems. A pre-purchase building inspection by a licensed inspector is non-negotiable. Budget a capital expenditure reserve of at least 1-2% of the purchase price per annum for any block older than 20 years.

Financing a Block of Units

Lenders treat blocks of units differently from single residential securities. Most major banks and non-bank lenders will fund blocks of up to six units under standard residential lending terms, though loan-to-value ratios may be capped at 70-80% depending on the number of dwellings and postcode risk assessment. Blocks of more than six units typically fall into commercial lending territory with different rate and covenant structures. Engage a broker who specialises in investment property before making an offer.

Comparing Geographies

Mount Duneed is one option within a broader investment landscape. If your brief requires metropolitan Melbourne exposure alongside a regional allocation, our team also lists and transacts blocks of units for sale in Melbourne in 2026, covering suburbs across the inner north, inner east, and bayside precincts. Comparing yield, land value growth, and vacancy across geographies is sound portfolio construction practice.

How Does Collings Real Estate Help Investors Secure Blocks of Units?

Collings Real Estate has built a specialist focus on multi-tenancy investment across Victoria. The team combines on-market listings with an active off-market network, meaning buyers registered through Collings gain access to blocks that are never publicly advertised. In a low-vacancy, high-demand market like the Geelong growth corridor, off-market access is often the difference between securing an asset and missing it entirely.

The Off-Market Portal

Collings operates a dedicated portal for investors seeking off-market opportunities. Registering takes less than five minutes and positions you to receive direct alerts when a vendor chooses a private process. You can sign up at collings.com.au/portal to join the alert list.

End-to-End Transaction Support

From initial due diligence through to settlement and post-purchase property management, Collings provides coordinated support across the transaction lifecycle. The team’s familiarity with Geelong-corridor assets means appraisals are grounded in real comparable sales rather than desktop estimates. For investors who want to understand the full spectrum of multi-tenancy opportunities across Victoria, our Blocks of Units hub is the logical starting point for a structured search.

Contact Collings

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Address: 230 Waterdale Road, Ivanhoe, VIC 3079

To enquire about off-market unit blocks in Mount Duneed or across the Geelong corridor, call or email the team directly, or register through the portal above.

Frequently Asked Questions About Blocks of Units in Mount Duneed

What is the median house price in Mount Duneed in 2025?

According to DataVic/REIV data via Collings CRM, the median house price in Mount Duneed was $710,000 in the April-June 2025 quarter, reflecting quarter-on-quarter growth of 0.7% with year-on-year growth of 0.0%.

How much does land cost in Mount Duneed?

DataVic/REIV data via Collings CRM shows the median land price in Mount Duneed reached $374,000 in the April-June 2025 quarter, up 3.9% quarter-on-quarter and 7.9% year-on-year, indicating strong underlying demand for developable allotments.

What is the typical rental income for a block of units in Mount Duneed?

ABS Census 2021 records a median weekly rent of $446 in Mount Duneed. A four-unit block achieving that median per dwelling would generate approximately $1,784 per week in gross rental income before expenses, though actual figures vary by property size and condition.

Who typically rents in Mount Duneed?

ABS Census 2021 data shows Mount Duneed has a median age of 32.0 years and a median household income of $2,274 per week, pointing to a predominantly young working-age rental cohort with above-average household income for an outer-suburban location.

How do I find off-market blocks of units in Mount Duneed?

Collings Real Estate operates an off-market investor portal where registered buyers receive direct alerts for multi-tenancy assets before they reach public listing platforms. You can register at collings.com.au/portal or call the team on 03 9486 2000 to enquire about current off-market opportunities.

Mount Duneed sits at an attractive intersection of population growth, rising land values, and a young, income-capable rental market. For investors prepared to look beyond inner-metropolitan precincts, blocks of units in Mount Duneed offer scale advantages and development optionality that single-dwelling purchases simply cannot match. Collings Real Estate’s combination of on-market listings and an active off-market network gives registered buyers a material edge in a competitive acquisition environment. Enquire about off-market unit blocks today by contacting the team on 03 9486 2000 or at info@collings.com.au.