Suburb Profile Report for Breakwater VIC (3219)

Breakwater House: Median price $280,000, Annual capital growth 4.78%, Number of sales 21, Weekly median advertised rent $300

Breakwater Unit: Median price $310,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Breakwater, 3219 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.70%.

A 12.04% growth in median value for property investors in Breakwater,3219 puts this suburb at number 490th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Breakwater are currently offering property investors an average price cut of -5.33% below the asking price at the moment.

Situated 65.80km from the CBD, Breakwater is one of Greater Geelong localities in the postcode 3219.

Our latest figures would indicate that property sellers in Breakwater are currently offering property investors an average price cut of -5.21% below the asking price at the moment.

In the last year 12 properties changed hands in Breakwater, which puts it as the 360th most active market in VIC when comparing the number of sales per suburb.

Breakwater, 3219’s gross rental yield is 4.45%

Metrics i HOUSE UNIT
$280,000 $310,000
0.72% 3.85%
3.70% N/A
4.78% N/A
$300 $265
21 12
5.57% 4.45%
59.84 67

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 1059
Median household income ($/weekly) 802
Median age of persons 38
Median housing loan repayment ($/monthly) 1387
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 163 15.4
    35-44 years 121 11.4
    45-54 years 125 11.8
    55-64 years 126 11.9
    65-74 years 114 10.8
    Others 409 38.7
    Age Group
    Census Count Percent(%)
    Not Married 421 50.6
    Registered Married 311 37.4
    Defacto Relationship 100 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 834 84.2
    Bosnia and Herzegovina 8 0.8
    New Zealand 10 1.0
    United Kingdom 45 4.5
    Other 26 2.6
    Others 67 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 1.0
    Christianity 660 69.0
    Hinduism 7 0.7
    Other Religious Groups 6 0.6
    No Religion 271 28.3
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 47 11.0
    $400-$599 61 14.3
    $600-$799 65 15.2
    $800-$999 58 13.6
    $1,500-$1,999 42 9.8
    Others 154 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 348 40.7
    Employed, worked full-time 274 32.1
    Employed, worked part-time 149 17.4
    Unemployed, looking for work 61 7.1
    Employed, away from work 22 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 45 10.2
    Technicians & trades workers 88 20.0
    Community & personal service workers 55 12.5
    Clerical & administrative workers 44 10.0
    Labourers 91 20.6
    Others 118 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.5
    Infants/Primary 64 35.4
    Secondary 48 26.5
    Technical or Further Educational Institution 27 14.9
    University or other Tertiary Institutions 23 12.7
    Others 9 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 895 88.8
    Semi-detached, row or terrace house, townhouse 88 8.7
    Flat, unit or apartment 22 2.2
    House or flat attached to a shop, office 3 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 162 35.7
    Fully owned 150 33.0
    Being purchased 142 31.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals