Suburb Profile Report for South Geelong VIC (3220)

South Geelong House: Median price $442,500, Annual capital growth 4.63%, Number of sales 22, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report

Investment property in South Geelong has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.45%

Over the longer term, South Geelong has seen property prices show investors a 3.45% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in South Geelong 3220 should be seeing an average reduction in asking price of around -4.37% . This means that South Geelong is holding prices well when compared to other suburbs in VIC.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.94%, without taking into account capital value appreciation, which has been averaging out at 4.63%.

Metrics i HOUSE UNIT
$442,500 N/A
-3.17% N/A
0.45% N/A
4.63% N/A
$420 N/A
22 N/A
4.94% N/A
48.38 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in South Geelong VIC
Demographics
Total population 907
Median household income ($/weekly) 1253
Median age of persons 36
Median housing loan repayment ($/monthly) 1343
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 90 9.9
    25-34 years 183 20.2
    35-44 years 162 17.8
    45-54 years 116 12.8
    55-64 years 98 10.8
    Others 259 28.5
    Age Group
    Census Count Percent(%)
    Not Married 328 47.7
    Registered Married 273 39.7
    Defacto Relationship 86 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 724 84.3
    Croatia 13 1.5
    Indonesia 17 2.0
    United Kingdom 35 4.1
    Other 16 1.9
    Others 54 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 2.3
    Christianity 522 62.1
    Hinduism 9 1.1
    Islam 10 1.2
    No Religion 273 32.5
    Others 8 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 40 11.5
    $800-$999 34 9.7
    $1,250-$1,499 36 10.3
    $1,500-$1,999 36 10.3
    $2,000-$2,499 40 11.5
    Others 163 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 310 43.7
    Not in the labour force 184 26.0
    Employed, worked part-time 152 21.4
    Unemployed, looking for work 33 4.7
    Employed, away from work 30 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 53 10.8
    Professionals 140 28.5
    Technicians & trades workers 77 15.7
    Community & personal service workers 53 10.8
    Clerical & administrative workers 68 13.8
    Others 101 20.5
    Occupation
    Census Count Percent(%)
    Pre-school 15 7.8
    Infants/Primary 66 34.4
    Secondary 34 17.7
    Technical or Further Educational Institution 26 13.5
    University or other Tertiary Institutions 41 21.4
    Others 10 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 687 78.4
    Flat, unit or apartment 122 13.9
    Semi-detached, row or terrace house, townhouse 67 7.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 141 36.3
    Being purchased 138 35.6
    Fully owned 109 28.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals