Geelong house prices: A grand Newtown mansion becomes city’s first $6 million house


2 Raith Terrace, Newtown has sold for more than $6m.


A grand renovated 19th century Newtown mansion has smashed Geelong’s record price for a house.

The historic five-bedroom home at 2 Raith Terrace, Newtown, sold last week after a six month campaign.

The Advertiser understands the 6434sq m estate, which sits above Deviation Road overlooking the Barwon River and Queens Park, sold for well above $6m in a confidential deal.

2 Raith Terrace, Newtown.


RELATED: Family locks in extra space with one bid at Grovedale

Rundown city fringe home attracts hefty premium

Former Geelong Cats lodgings up for sale

Whitford, Newtown agent Dale Whitford listed the property in November, 2020 with price hopes from $6.75m to $7.25m.

Mr Whitford said he couldn’t comment on the sale.

The historic home dates to 1855.


It’s the biggest price for a house in metropolitan Geelong since a Costa family mansion also in Newtown, sold for more than $5m at last year.

Corio Villa, an early 19th century prefabricated house built above Eastern Beach in central Geelong, had held the city’s price record after selling for $5m in 2012.

It’s the second $6m-plus sale in the region this year, after a three level, six-bedroom Ocean Grove beachfront house sold for $6.65m in January.

An extension added extra bedrooms and living rooms.


Other recent multimillion-dollar sales includes a circa-$3m estate at Buckley Falls Road, Highton and $3.2m for a four-bedroom multi-level beach house at Aireys Inlet.

Raith is one of Geelong’s most prestigious historic homes and was listed for sale following a luxury renovation.

The original house dates back to 1855.

The enclosed swimming pool and gym.


The property previously sold in 2015 for $3.5m. Among its past owners was Geelong Cats great Bob Davis.

The house is surrounded by a veranda decorated with tessellated tiles and wrought iron lacework and is positioned to offer an unrivalled panoramic view from above the Fyansford Deviation.

Inside, soaring ceilings feature throughout, with a light well in a library and grand bay windows in other rooms.

The library sits beneath a vaulted ceiling with a light well.


The house has four vast living areas, five bedrooms each with designated bathrooms, and a designer kitchen with a substantial butler’s pantry and adjoining dining room.

Bi-folding glass doors link the family hub to north-facing private gardens.

Outdoors are twin four-car garages, a sweeping circular driveway, a glass house with a heated 25m lap pool, spa, sauna and gym and a three-bedroom guesthouse.

Leave a Reply

Your email address will not be published. Required fields are marked *

WP Twitter Auto Publish Powered By : XYZScripts.com