Suburb Profile Report for Leopold VIC (3224)

Leopold House: Median price $391,250, Annual capital growth 3.75%, Number of sales 243, Weekly median advertised rent $350

Leopold Unit: Median price $295,000, Annual capital growth 3.70%, Number of sales 35, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 7.80% which means that Leopold, 3224 has done well for property investors by showing a capital gain of 7.19% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Leopold comes in at number 512th in VIC.

Property investors looking for a bargain in Leopold should be aiming for at least -5.10% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 60.42km from the CBD, Leopold is one of Greater Geelong localities in the postcode 3224.

With a capital gain of 0.68% for the last 12 months, Leopold, 3224 has performed for property investments than its average annual 3.70% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Leopold,3224 has racked up an average of 0.68% over the period. This ranks it number 1137th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Leopold is $295000, with sellers offering an average of -5.54% off the asking price.

Often selling an investment property can take time, and in Leopold the average time real estate has been on the market is 94.18 days.

Leopold is 66th on a list of best yielding suburbs for rents in VIC with a 5.11% return

HOUSE UNIT
$391,250 $295,000
1.62% -2.48%
7.19% 0.68%
3.75% 3.70%
$350 $290
243 35
4.65% 5.11%
79.23 94.18

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 10111
Median household income ($/weekly) 1191
Median age of persons 39
Median housing loan repayment ($/monthly) 1565
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1394 13.8
    25-34 years 1205 11.9
    35-44 years 1408 13.9
    45-54 years 1325 13.1
    55-64 years 1195 11.8
    Others 3584 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 4237 57.6
    Not Married 2440 33.2
    Defacto Relationship 681 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 8486 86.8
    Japan 93 1.0
    Papua New Guinea 101 1.0
    United Kingdom 558 5.7
    Other 106 1.1
    Others 433 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.7
    Christianity 6666 71.7
    Islam 40 0.4
    Other Religious Groups 22 0.2
    No Religion 2490 26.8
    Others 13 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 369 11.3
    $600-$799 348 10.6
    $800-$999 338 10.3
    $1,500-$1,999 523 16.0
    $2,000-$2,499 355 10.8
    Others 1345 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2906 37.3
    Not in the labour force 2744 35.2
    Employed, worked part-time 1642 21.1
    Employed, away from work 299 3.8
    Unemployed, looking for work 202 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 732 15.1
    Technicians & trades workers 935 19.3
    Community & personal service workers 565 11.7
    Clerical & administrative workers 697 14.4
    Sales 552 11.4
    Others 1366 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 179 7.6
    Infants/Primary 880 37.6
    Secondary 702 30.0
    Technical or Further Educational Institution 259 11.1
    University or other Tertiary Institutions 236 10.1
    Others 85 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8885 93.5
    Flat, unit or apartment 384 4.0
    Caravan, cabin, houseboat 141 1.5
    Semi-detached, row or terrace house, townhouse 97 1.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1619 45.3
    Fully owned 1416 39.6
    Rented 498 13.9
    Other tenure type 44 1.2
    Tenure Type
Census 2011, ABS
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