Suburb Profile Report for Bell Park VIC (3215)

Bell Park House: Median price $370,000, Annual capital growth 5.09%, Number of sales 113, Weekly median advertised rent $323

Bell Park Unit: Median price $315,000, Annual capital growth 4.09%, Number of sales 25, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 2416th in the list of Australian suburbs ordered by increase in median house value over the last year, Bell Park, 3215 is in the BOTTOM 50% with a property value increase of 4.08% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bell Park has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -4.11% to buyers in Bell Park at the moment, which is less than average for the rest of VIC.

At number 1525 in a list of fastest selling suburbs, Bell Park is just in the top half of suburbs in Australia with an average of days on market 68.02 for properties listed there.

With the median price for a house in Bell Park being $370000 and the advertised rent reaching $322.5 the gross rental yield for property investors calculates out to be 4.53%

Property value increases in Bell Park have tracked just lower than the VIC average of 4.90% over the last 12 months.

A 18.87% growth in median value for property investors in Bell Park,3215 puts this suburb at number 306th in terms of best performing suburbs in VIC

Bell Park3215 is located in VIC which offers an average discount of -4.83% to property investors. Bell Park itself is showing figures that indicate -3.69% is the average achievable by property buyers investing in the suburb.

The VIC suburb of Bell Park, 3215 is in the Greater Geelong local government area.

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Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.Full summary

Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.

It is within easy reach of a wide range of amenities, with three shopping strips in the suburb, and there are numerous schools in the area. It is also within easy reach of the beach.

Bell Park compares well to neighbouring suburbs: its median price is $5,000 less than neighbouring Bell Post Hill, and $10,000 more affordable than North Geelong. Average weekly incomes are marginally below the Victorian median, with a large proportion of families; residents have a wide range of occupations.

Like other northern Geelong suburbs, capital growth prospects are good due to Melbourne commuters choosing it as an affordable option compared to the state capital.

Close
Metrics i HOUSE UNIT
$370,000 $315,000
0.82% -2.10%
4.08% 0.80%
5.09% 4.09%
$323 $320
113 25
4.53% 5.28%
68.02 91.37

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 5286
Median household income ($/weekly) 879
Median age of persons 41
Median housing loan repayment ($/monthly) 1400
Average household size 2.4
  • Census Count Percent(%)
    25-34 years 682 12.9
    35-44 years 666 12.6
    45-54 years 663 12.5
    55-64 years 567 10.7
    65-74 years 537 10.2
    Others 2171 41.1
    Age Group
    Census Count Percent(%)
    Not Married 1779 46.9
    Registered Married 1733 45.7
    Defacto Relationship 284 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3248 65.6
    Bosnia and Herzegovina 112 2.3
    Egypt 415 8.4
    Japan 141 2.8
    Other 290 5.9
    Others 744 15.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 61 1.3
    Christianity 3882 80.1
    Islam 75 1.5
    Other Religious Groups 30 0.6
    No Religion 780 16.1
    Others 17 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 226 12.8
    $400-$599 258 14.6
    $600-$799 195 11.0
    $800-$999 171 9.7
    $1,500-$1,999 233 13.2
    Others 688 38.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1957 46.7
    Employed, worked full-time 1271 30.3
    Employed, worked part-time 637 15.2
    Employed, away from work 170 4.1
    Unemployed, looking for work 154 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 239 11.5
    Technicians & trades workers 390 18.7
    Clerical & administrative workers 268 12.9
    Machinery operators & drivers 223 10.7
    Labourers 334 16.0
    Others 627 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 65 6.7
    Infants/Primary 345 35.6
    Secondary 263 27.1
    Technical or Further Educational Institution 113 11.6
    University or other Tertiary Institutions 148 15.3
    Others 36 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4266 91.0
    Flat, unit or apartment 348 7.4
    Semi-detached, row or terrace house, townhouse 73 1.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 784 41.1
    Being purchased 596 31.3
    Rented 514 27.0
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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