Suburb Profile Report for North Geelong VIC (3215)

North Geelong House: Median price $483,500, Annual capital growth 8.11%, Number of sales 28, Weekly median advertised rent $340

North Geelong Unit: Median price $430,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $290

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in North Geelong, 3215 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.31%

Comparing North Geelong,3215 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in North Geelong are currently offering property investors an average price cut of -5.52% below the asking price at the moment.

In the last year 28 properties changed hands in North Geelong, which puts it as the 519th most active market in VIC when comparing the number of sales per suburb.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.66%, without taking into account capital value appreciation, which has been averaging out at 8.11%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Geelong has increased when compared to the 5 year average annual rate.

Metrics i HOUSE UNIT
$483,500 $430,000
0.31% N/A
3.31% N/A
8.11% N/A
$340 $290
28 10
3.66% 3.51%
36.3636363636364 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 2395
Median household income ($/weekly) 884
Median age of persons 41
Median housing loan repayment ($/monthly) 1352
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 208 8.7
    25-34 years 346 14.4
    35-44 years 313 13.1
    45-54 years 267 11.1
    55-64 years 308 12.9
    Others 954 39.8
    Age Group
    Census Count Percent(%)
    Not Married 845 49.0
    Registered Married 706 41.0
    Defacto Relationship 172 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1586 72.3
    Egypt 83 3.8
    Japan 57 2.6
    United Kingdom 79 3.6
    Other 100 4.6
    Others 290 13.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1506 71.8
    Hinduism 18 0.9
    Islam 16 0.8
    Other Religious Groups 12 0.6
    No Religion 531 25.3
    Others 14 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 110 12.3
    $400-$599 118 13.2
    $600-$799 101 11.3
    $800-$999 105 11.8
    $1,000-$1,249 89 10.0
    Others 369 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 786 42.3
    Employed, worked full-time 604 32.5
    Employed, worked part-time 320 17.2
    Unemployed, looking for work 79 4.3
    Employed, away from work 69 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 198 20.0
    Technicians & trades workers 152 15.3
    Community & personal service workers 110 11.1
    Clerical & administrative workers 133 13.4
    Labourers 109 11.0
    Others 290 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 47 12.1
    Infants/Primary 103 26.6
    Secondary 85 22.0
    Technical or Further Educational Institution 46 11.9
    University or other Tertiary Institutions 73 18.9
    Others 33 8.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1666 79.4
    Semi-detached, row or terrace house, townhouse 287 13.7
    Flat, unit or apartment 145 6.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 353 37.4
    Rented 315 33.4
    Being purchased 266 28.2
    Other tenure type 10 1.1
    Tenure Type
Census 2011, ABS
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