Minister's approval a boost for Geelong's future

The Minister for Planning has paved the way for completion of the $300 million Balmoral Quay precinct by giving the green light to the final stage — a seven-storey apartment development that will play an important role in shaping the future of Geelong’s waterfront and medium-density housing market.

As Geelong continues to experience sustained population growth, high-quality infill projects like this will be essential to meeting demand and preserving liveability. Stage five of Balmoral Quay will deliver 83 one, two and three-bedroom apartments positioned within walking distance of Geelong’s CBD.

With the Minister’s endorsement, work will now proceed to finalise Council endorsed drawings and costings in the first half of next year, targeting commencement of an annual sales cycle in late-2026. Construction is anticipated to begin late-2027 with mid-2029 settlements.

Designed with generous layouts, abundant natural light, high environmental performance and strong alignment to the Built Environment Sustainability Scorecard (BESS), the development will contribute meaningfully to the region’s housing supply while complementing the coastal character of the location.

Already complete at the once abandoned Rippleside Shipyard site are four residential stages consisting of 78 townhomes and 26 apartments, along with a state-of-the-art floating marina and $8 million upgrade to the Rippleside foreshore.

Now 85% sold, only fifteen two, three or four-bedroom townhomes remain, selling from $1.4 to $3.6 million. Their sophisticated design includes entertainer’s kitchen flowing to open plan living and expansive terraces, granite bench tops, Smeg appliances, quality cabinetry and engineered timber floors - some with rooftop terraces and internal lifts.

Balmoral Quay’s stunning bayside promenade now links St Helens Beach through Rippleside Beach to Geelong’s expanding restaurant and entertainment waterfront precinct. The historic Rippleside pier has also been refurbished with a state-of-the-art floating marina as the community’s centrepiece.

Balmoral Quay is a benchmark of urban renewal, public realm enhancement and sustainably designed living. The delivery of its final stage will strengthen Geelong’s housing market, elevate its waterfront identity, and contribute lasting value to the community for decades to come.

The Balmoral Quay project is being developed by Melbourne-based development company Balmoral Quay Pty Ltd with financial backing from Thai-based Supalai – represented in Australia by Gersh Investment Partners Ltd.

Quotes attributable to Theo Axarlis, Development Director, Balmoral Quay:

“We are delighted the Minister for Planning Sonya Kilkenny has approved Amendment C480ggee to the Greater Geelong Planning Scheme, giving the green light for the final stage of Balmoral Quay. This final stage will bring architect-designed, medium-density living to an already remarkable bayside community.

Balmoral Quay exemplifies the type of thoughtfully designed development that supports the city’s long-term economic momentum and establishes market confidence in apartment living — a housing format increasingly important in achieving the city’s growth and revitalisation objectives.

Our $300 million investment in Balmoral Quay, alongside other projects across the region, has been driven by our confidence in the Geelong market and our commitment to delivering high-quality, well-located homes that contribute to Geelong’s enviable lifestyle.”