Suburb Profile Report for North Geelong VIC (3215)

North Geelong House: Median price $350,000, Annual capital growth 4.79%, Number of sales 53, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 9.04% which means that North Geelong, 3215 has done well for property investors by showing a capital gain of 2.94% over the last year

While North Geelong,3215 ranked number 311th in VIC for increase in median house value (annualised) increase, it is ranked 437th over the last 5 years.

At number 287th of VIC’s most discounted properties, North Geelong is in the middle of the state/territory when listing in order of most discounted to least.

With the median price for a house in North Geelong being $350000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.46%

Metrics i HOUSE UNIT
$350,000 N/A
2.94% N/A
2.94% N/A
4.79% N/A
$300 N/A
53 N/A
4.46% N/A
64.37 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2395
Median household income ($/weekly) 884
Median age of persons 41
Median housing loan repayment ($/monthly) 1352
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 208 8.7
    25-34 years 346 14.4
    35-44 years 313 13.1
    45-54 years 267 11.1
    55-64 years 308 12.9
    Others 954 39.8
    Age Group
    Census Count Percent(%)
    Not Married 845 49.0
    Registered Married 706 41.0
    Defacto Relationship 172 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1586 72.3
    Egypt 83 3.8
    Japan 57 2.6
    United Kingdom 79 3.6
    Other 100 4.6
    Others 290 13.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1506 71.8
    Hinduism 18 0.9
    Islam 16 0.8
    Other Religious Groups 12 0.6
    No Religion 531 25.3
    Others 14 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 110 12.3
    $400-$599 118 13.2
    $600-$799 101 11.3
    $800-$999 105 11.8
    $1,000-$1,249 89 10.0
    Others 369 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 786 42.3
    Employed, worked full-time 604 32.5
    Employed, worked part-time 320 17.2
    Unemployed, looking for work 79 4.3
    Employed, away from work 69 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 198 20.0
    Technicians & trades workers 152 15.3
    Community & personal service workers 110 11.1
    Clerical & administrative workers 133 13.4
    Labourers 109 11.0
    Others 290 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 47 12.1
    Infants/Primary 103 26.6
    Secondary 85 22.0
    Technical or Further Educational Institution 46 11.9
    University or other Tertiary Institutions 73 18.9
    Others 33 8.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1666 79.4
    Semi-detached, row or terrace house, townhouse 287 13.7
    Flat, unit or apartment 145 6.9
    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 353 37.4
    Rented 315 33.4
    Being purchased 266 28.2
    Other tenure type 10 1.1
    Tenure Type
Census 2011, ABS
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