Suburb Profile Report for Corio VIC (3214)

Corio House: Median price $257,000, Annual capital growth 4.32%, Number of sales 277, Weekly median advertised rent $260

Corio Unit: Median price $205,000, Annual capital growth 6.56%, Number of sales 32, Weekly median advertised rent $230

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Corio have tracked close to the VIC average of 8.27% over the last 12 months.

Taking the average capital gain, or increase in median house value, Corio,3214 has racked up an average of 8.44% over the period. This ranks it number 2706th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Corio should be aiming for at least -5.91% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 277 properties changed hands in Corio, which puts it as the 65th most active market in VIC when comparing the number of sales per suburb.

VIC has seen average median house prices change by 3.49% which means that Corio, 3214 has done well for property investors by showing a capital gain of -3.53% over the last year

The five-year average increase in median property values for Corio,3214 has given property investors a potential capital gain of -1.68% across each of those five years.

Our latest figures would indicate that property sellers in Corio are currently offering property investors an average price cut of -6.74% below the asking price at the moment.

In the last year 32 properties changed hands in Corio, which puts it as the 242th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $230 mark per week – giving a return of 5.83% based on the median price in Suburb

Metrics i HOUSE UNIT
$257,000 $205,000
2.80% 2.50%
8.44% -3.53%
4.32% 6.56%
$260 $230
277 32
5.26% 5.83%
60.69 97.69

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 15072
Median household income ($/weekly) 842
Median age of persons 34
Median housing loan repayment ($/monthly) 1192
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2128 14.1
    25-34 years 1873 12.4
    35-44 years 1905 12.6
    45-54 years 1976 13.1
    55-64 years 1734 11.5
    Others 5456 36.2
    Age Group
    Census Count Percent(%)
    Not Married 5236 48.7
    Registered Married 4415 41.1
    Defacto Relationship 1098 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 11174 78.3
    New Zealand 192 1.3
    Philippines 185 1.3
    United Kingdom 761 5.3
    Other 587 4.1
    Others 1370 9.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 217 1.6
    Christianity 8866 65.8
    Islam 308 2.3
    Other Religious Groups 61 0.5
    No Religion 3989 29.6
    Others 33 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 748 15.4
    $600-$799 661 13.6
    $800-$999 561 11.5
    $1,000-$1,249 571 11.7
    $1,500-$1,999 515 10.6
    Others 1809 37.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5090 45.5
    Employed, worked full-time 3148 28.1
    Employed, worked part-time 1907 17.0
    Unemployed, looking for work 630 5.6
    Employed, away from work 420 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 909 16.6
    Community & personal service workers 699 12.8
    Sales 650 11.9
    Machinery operators & drivers 756 13.8
    Labourers 1160 21.2
    Others 1301 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 246 6.7
    Infants/Primary 1215 33.0
    Secondary 1444 39.2
    Technical or Further Educational Institution 333 9.0
    Other type of educational institution 234 6.4
    Others 211 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13415 95.5
    Flat, unit or apartment 430 3.1
    Semi-detached, row or terrace house, townhouse 186 1.3
    House or flat attached to a shop, office 20 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1890 36.0
    Being purchased 1698 32.3
    Fully owned 1633 31.1
    Other tenure type 34 0.6
    Tenure Type
Census 2011, ABS
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