Mt Duneed is a great area, its definitely done up in value like a lot of Geelong but has a great community vibe and easy access to the ring road to get to Melbourne but also within 15-20 drives of Torquay, Barwon Heads and Ocean Grive beaches.
If youre looking for somewhere cheaper and closer to Laverton you could look at Lara, its still within the Geelong region but on the Melbourne side of town so at least 20-30 minutes closer to Laverton. It has some new estates, maybe not quite as nice as the Mt Duneed side of town but definitely better than other options.
Mount Duneed is a lovely area and you wouldn’t go wrong purchasing there. Amazing family friendly community, great infrastructure and more to come. However if you are concerned about the commute Lara might be a better option for you? Their is a Villawood (Mount Duneed developer) estate being built there too although land is yet to title so still a little while before housing construction starts but I can see it as a good investment. They’ll gave the same community facilities ie gym, pool etc.