Suburb Profile Report for Bell Park VIC (3215)

Bell Park House: Median price $361,000, Annual capital growth 4.55%, Number of sales 116, Weekly median advertised rent $315

Bell Park Unit: Median price $318,000, Annual capital growth 4.42%, Number of sales 21, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 2828th in the list of Australian suburbs ordered by increase in median house value over the last year, Bell Park, 3215 is in the BOTTOM 40% with a property value increase of 1.55% recorded in median house prices.

While Bell Park,3215 ranked number 535th in VIC for increase in median house value (annualised) increase, it is ranked 446th over the last 5 years.

Our latest figures would indicate that property sellers in Bell Park are currently offering property investors an average price cut of -4.52% below the asking price at the moment.

Property investors should expect to get $315 weekly from the median priced house in this suburb.

At number 678th in the list of Australian suburbs ordered by increase in median house value over the last year, Bell Park, 3215 is in the top 40% with a property value increase of 5.65% recorded in median house prices.

Bell Park,3215 has offered an average of 5.65% return per annum in house price rises to property investors over the last three years.

The most recent median price for Bell Park is $318000, with sellers offering an average of -4.92% off the asking price.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

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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.

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Metrics i HOUSE UNIT
$361,000 $318,000
0.28% -0.63%
1.55% 5.65%
4.55% 4.42%
$315 $330
116 21
4.54% 5.40%
70.15 110.77

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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Recent sales & rentals