Suburb Profile Report for South Geelong VIC (3220)

South Geelong House: Median price $537,500, Annual capital growth 7.45%, Number of sales 23, Weekly median advertised rent $345

South Geelong Unit: Median price $385,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $300

  • 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 South Geelong, 3220 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 34.21%.

Across a shorter period, South Geelong, 3220 has seen a median price increase of 17.61% over the last quarter.

Using the current median advertised rental of $345 and the average annual increase in value of a median property of 7.45%, investors should hope to achieve an overall return of 3.34%

Renters in Suburb are facing rents around $3600 per annum or $300 every week.

HOUSE UNIT
$537,500 $385,000
17.61% -9.41%
34.21% N/A
7.45% N/A
$345 $300
23 11
3.34% 4.05%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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