Suburb Profile Report for Leopold VIC (3224)

Leopold House: Median price $410,000, Annual capital growth 4.41%, Number of sales 246, Weekly median advertised rent $350

Leopold Unit: Median price $295,000, Annual capital growth 2.98%, Number of sales 42, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Leopold has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.72% to date .

Over the longer term, Leopold has seen property prices show investors a 13.89% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Leopold is $410000, with sellers offering an average of -4.92% 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 74.41 days.

Situated 60.43km from the CBD, Leopold is one of Greater Geelong localities in the postcode 3224.

Leopold, 3224 ranked 245th in VIC when comparing growth in median property values or capital gain over the last 12 months. Leopold is one of 2098 in our list for VIC

Across a shorter period, Leopold, 3224 has seen a median price increase of 0.00% over the last quarter.

Leopold, 3224 is offering VIC ‘s 147th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.98%, investors should hope to achieve an overall return of 5.29%

Metrics i HOUSE UNIT
$410,000 $295,000
2.50% 0.00%
11.72% 0.51%
4.41% 2.98%
$350 $300
246 42
4.44% 5.29%
74.41 100.12

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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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Recent sales & rentals