Suburb Profile Report for Corio VIC (3214)

Corio House: Median price $260,000, Annual capital growth 4.43%, Number of sales 290, Weekly median advertised rent $260

Corio Unit: Median price $214,000, Annual capital growth 5.11%, Number of sales 34, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Corio, 3214 have given investors a capital gain of 8.33%. This compares averagely with the 8.96% for VIC as a whole.

If we look at median property appreciation over just the last three months, Corio has given property investors a paper return of 3.79%. This puts Suburb as 202 on a list of fastest fasting appreciating suburbs in VIC

Corio, 3214 is offering VIC ‘s 302th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

At number 866th in the list of Australian suburbs ordered by increase in median house value over the last year, Corio, 3214 is in the top half with a property value increase of 2.76% recorded in median house prices.

Corio,3214 was ranked 821 in Australia by increase in median property value over the quarter.

The most recent median price for Corio is $214000, with sellers offering an average of -6.79% off the asking price.

Often selling an investment property can take time, and in Corio the average time real estate has been on the market is 107.66 days.

Corio, 3214’s gross rental yield is 5.59%

Metrics i HOUSE UNIT
$260,000 $214,000
3.79% 0.71%
8.33% 2.76%
4.43% 5.11%
$260 $230
290 34
5.20% 5.59%
55.03 107.66

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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