Suburb Profile Report for Indented Head VIC (3223)

Indented Head House: Median price $475,000, Annual capital growth 5.16%, Number of sales 48, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Indented Head has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.00%

Indented Head,3223 has offered an average of 25.00% return per annum in house price rises to property investors over the last three years.

Indented Head, 3223 is offering VIC ‘s 245th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

In the last year 48 properties changed hands in Indented Head, which puts it as the 445th most active market in VIC when comparing the number of sales per suburb.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.38%, without taking into account capital value appreciation, which has been averaging out at 5.16%.

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Don’t be fooled by the odd sounding name – Indented Head is one of prettiest spots around Port Philip Bay, according to its residents. The suburb is located just east of Geelong, along a peninsula of land that juts into the bay, and is about an hour and a half drive from the hustle and bustle of Melbourne.

Loretta Sullivan of Stockdale & Leggo Real Estate Portarlington says the area is perfect for young families looking for a bit of seclusion – its possible to grab a house just 200m from the beach for as little as $350,000. Sullivan adds that the area is also a popular family holiday destination, being endowed with a sailing club, boat ramp, jetty and numerous sandy beaches.

Full summary

Don’t be fooled by the odd sounding name – Indented Head is one of prettiest spots around Port Philip Bay, according to its residents. The suburb is located just east of Geelong, along a peninsula of land that juts into the bay, and is about an hour and a half drive from the hustle and bustle of Melbourne.

Loretta Sullivan of Stockdale & Leggo Real Estate Portarlington says the area is perfect for young families looking for a bit of seclusion – its possible to grab a house just 200m from the beach for as little as $350,000. Sullivan adds that the area is also a popular family holiday destination, being endowed with a sailing club, boat ramp, jetty and numerous sandy beaches.

Looking at the prices growth of Indented Head compared to its two direct neighbours, one could be forgiven for thinking the suburb was the ugly sister. The two surrounding suburbs have had far better growth over the last few years and are now a good $50,000 to $70,000 more expensive.

This however, doesn’t take into account the main reason people would want to live in this part of the world. “If you’re living this side of Geelong, you want to be as close to the beach as possible,” says local resident Travis Smith.

When looking at beachside properties only, neighbouring suburbs St Leonards and Portarlington are a good $200,000 more expensive than Indented Head. They’re also a lot more populated – 6,178 people live in St Leonards and 7,730 people live in Portarlington, compared to just 2,885 in Indented Head.

Since the area is on a peninsula where there is nowhere else left to develop, this suggests that Indented Head remains the cheapest suburb within the area to purchase a beach side property. And it is likely that the market won’t tolerate this imbalance for long. Once more expensive than its two direct neighbours, it is likely that Indented Head will see good prices growth soon as it plays catch up with its neighbours. 

Kickers: 

  • Next to the beach
  • Affordable
  • Good views of Melbourne across Port Philip Bay
Close
Metrics i HOUSE UNIT
$475,000 N/A
0.00% N/A
25.00% N/A
5.16% N/A
$400 N/A
48 N/A
4.38% N/A
97.37 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 920
Median household income ($/weekly) 787
Median age of persons 52
Median housing loan repayment ($/monthly) 1800
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 94 10.2
    35-44 years 112 12.2
    45-54 years 98 10.6
    55-64 years 176 19.1
    65-74 years 159 17.3
    Others 282 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 385 56.0
    Not Married 245 35.7
    Defacto Relationship 57 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 744 85.0
    Greece 10 1.1
    Hong Kong 26 3.0
    Japan 9 1.0
    United Kingdom 55 6.3
    Others 31 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 587 69.5
    No Religion 250 29.6
    Buddhism 4 0.5
    Other Religious Groups 4 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 36 10.0
    $400-$599 70 19.5
    $600-$799 48 13.4
    $800-$999 35 9.7
    $1,250-$1,499 38 10.6
    Others 132 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 400 53.4
    Employed, worked full-time 191 25.5
    Employed, worked part-time 106 14.2
    Unemployed, looking for work 27 3.6
    Employed, away from work 25 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 32 10.0
    Professionals 64 20.1
    Technicians & trades workers 54 16.9
    Clerical & administrative workers 50 15.7
    Sales 36 11.3
    Others 83 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 12 7.9
    Infants/Primary 67 44.4
    Secondary 34 22.5
    Technical or Further Educational Institution 21 13.9
    University or other Tertiary Institutions 11 7.3
    Others 6 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 813 96.6
    Semi-detached, row or terrace house, townhouse 13 1.5
    Flat, unit or apartment 13 1.5
    House or flat attached to a shop, office 3 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 195 50.5
    Being purchased 95 24.6
    Rented 89 23.1
    Other tenure type 7 1.8
    Tenure Type
Census 2011, ABS
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