Ep 342: We Break Down 6 Suburbs in Geelong On the Ground - with Dawn Fouhy & Todd Sloan

Pizza and Property24mMay 2, 2026

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AI-Generated Summary

In this in-depth episode of Pizza and Property, hosts Todd Sloan and Dawn Fouhy take listeners on a ground-level tour of six distinct suburbs in Geelong, Victoria, revealing the stark contrasts within the city’s rapidly growing real estate market. From the affordable but high-risk Norlain to the affluent and established Newtown, each suburb is dissected with data-driven insights on yields, population growth, flood and bushfire risks, social housing density, and development activity. Dawn emphasizes that 'all suburbs are not created equal' and stresses the importance of targeting specific pockets within suburbs—such as established areas in Lara or the high-demand units in Manifold Heights—rather than making blanket assumptions. The episode highlights how strategic investing, understanding local demographics, and avoiding emotional decisions based on Google Maps are key to future-proofing property portfolios in Geelong, which is projected to grow from 306,000 to 440,000 residents by 2046. The hosts also explore the nuances of investor psychology, cautioning first-time buyers against high-risk areas like Norlain while endorsing more stable, long-term plays in places like Leopold and Newtown. They advocate for a 'disparity investing' strategy—buying units in high-value suburbs where prices lag behind houses—to capture both capital growth and cash flow. With real estate trends shifting toward longer-term ownership and lifestyle-driven demand, the episode concludes with a strong call to action: invest with precision, not panic, and always get on the ground to understand the true character of a suburb.

Key Takeaways
1

Geelong is not a single market—each suburb has unique dynamics, risk profiles, and growth trajectories.

2

Focus on established pockets within developing suburbs (e.g., Old Lara) to avoid overpaying for future potential.

3

Prioritize areas with value disparity between houses and units (e.g., Manifold Heights) for strong capital growth and yield.

4

Avoid investing in high-risk, high-tenant-impact areas like Norlain without a proven property management strategy.

5

Always verify flood, bushfire, and soil risk maps before purchasing—especially in areas like Belmont with reactive clay soils.

…and 3 more takeaways available in PodZeus

Chapters
0:00
2 min

Geelong’s Rapid Growth & Real Estate Landscape

All suburbs are not created equal in Geelong. If I get a first-time investor, I'm not going to buy for them in Norlain. I'm just not.

Highlight
2:00
3 min

Lara: The Established vs. Greenfield Divide

Exploration of Lara’s dual nature—established Old Lara with strong demand and low development, versus Lara West with new estates and flood zones. The hosts advocate for buying established homes to avoid overpaying for future development.

5:00
4 min

Norlain: Affordability, Risk, and Tenant Challenges

If I get a first-time investor, I'm not going to buy for them in Norlain. I'm just not.

Highlight
9:00
5 min

Manifold Heights: The Unit Value Disparity Play

I'm really looking at those single level villa units and just how much value there is in them.

Highlight
14:00
5 min

Newtown: The Prestige, Schools, and Cash Flow Trade-Off

Tour of Newtown, Geelong’s most prestigious suburb with historic homes, top schools, and high property values. The hosts discuss the trade-off between low yields and long-term stability, emphasizing the appeal to families and downsizers.

High-Impact Quotes
I do back Leopold, I back the data and let's revisit it in the next five years and see what happens.
Dawn Fouhy23:06
Viral: 88.0
If I get a first-time investor, I'm not going to buy for them in Norlain. I'm just not.
Dawn Fouhy8:18
Viral: 85.0
Please, please, please don't use the zoom out feature on Google Maps to influence your investing.
Todd Sloan4:31
Viral: 82.0
Speakers

Hosts

Todd SloanDawn Fouhy

Guest

Dawn Fouhy
Topics Discussed
Suburb-Level Real Estate Analysis95%Unit vs House Value Disparity92%Investor Risk Appetite and Strategy90%Geelong Population Growth and Development88%Property Yield and Cash Flow85%Long-Term vs Short-Term Investment Plays83%Flood and Bushfire Risk Assessment80%Social Housing and Demographics75%
People & Brands

Geelong

place

25xPositive

Dawn Fouhy

person

15xPositive

Todd Sloan

person

12xPositive

Norlain

place

10xNegative

Newtown

place

9xPositive

Leopold

place

8xPositive

Lara

place

8xNeutral

Manifold Heights

place

7xPositive

Belmont

place

6xNeutral

Future Proof Property Advisory

organization

3xPositive

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