Suburb Profile Report for Geelong West VIC (3218)

Geelong West House: Median price $660,000, Annual capital growth 7.06%, Number of sales 129, Weekly median advertised rent $420

Geelong West Unit: Median price $505,000, Annual capital growth 8.50%, Number of sales 29, Weekly median advertised rent $363

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Geelong West is in the bottom 30% in VIC when comparing median price capital growth over the last year. Geelong West gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.24%.

When looking at the potential capital gains offered to property investors over the last 3 years, Geelong West comes in at number 269th in VIC.

Geelong West, 3218 is offering VIC ‘s 341th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

The VIC suburb of Geelong West, 3218 is in the Greater Geelong (C) local government area.

With a capital gain of 40.28% for the last 12 months, Geelong West, 3218 has performed for property investments than its average annual 8.50% property growth over the last 5 years.

Across a shorter period, Geelong West, 3218 has seen a median price increase of 31.17% over the last quarter.

The VIC suburb of Geelong West, 3218 is in the Greater Geelong (C) local government area.

Metrics	HOUSE	UNIT
Median price	$660,000	$505,000
Quarterly growth	2.33%	31.17%
12-month growth	-5.24%	40.28%
Average Annual Growth	7.06%	8.50%
Weekly median advertised rent	$420	$363
Number of sales	129	29
Gross rental yield	3.31%	3.73%
Days on market	60.8108108108108	47.5

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

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Demographics

Total population	6682
Median household income ($/weekly)	1129
Median age of persons	35
Median housing loan repayment ($/monthly)	1664
Average household size	2.2

Census	Count	Percent(%)
5-14 years	713	10.7
25-34 years	1177	17.6
35-44 years	1145	17.1
45-54 years	797	11.9
55-64 years	663	9.9
Others	2188	32.7

Age Group

Census	Count	Percent(%)
Not Married	2480	49.4
Registered Married	1920	38.2
Defacto Relationship	620	12.4

Social Marital Status

Census	Count	Percent(%)
Australia	5264	82.6
Croatia	75	1.2
Japan	153	2.4
United Kingdom	235	3.7
Other	173	2.7
Others	470	7.4

Country of Birth

Census	Count	Percent(%)
Buddhism	81	1.3
Christianity	3991	65.3
Hinduism	35	0.6
Islam	80	1.3
No Religion	1887	30.9
Others	36	0.6

Religious Affiliation

Census	Count	Percent(%)
$300-$399	246	9.4
$400-$599	292	11.1
$1,000-$1,249	245	9.3
$1,500-$1,999	316	12.0
$2,000-$2,499	249	9.5
Others	1275	48.6

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	2159	41.5
Not in the labour force	1534	29.5
Employed, worked part-time	1134	21.8
Unemployed, looking for work	193	3.7
Employed, away from work	178	3.4

Person Characteristics

Census	Count	Percent(%)
Managers	390	11.2
Professionals	976	28.1
Technicians & trades workers	498	14.4
Community & personal service workers	367	10.6
Clerical & administrative workers	427	12.3
Others	810	23.4

Occupation

Census	Count	Percent(%)
Pre-school	128	7.7
Infants/Primary	470	28.1
Secondary	329	19.7
Technical or Further Educational Institution	211	12.6
University or other Tertiary Institutions	464	27.8
Others	70	4.2

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	5188	82.2
Flat, unit or apartment	614	9.7
Semi-detached, row or terrace house, townhouse	497	7.9
House or flat attached to a shop, office	11	0.2
Caravan, cabin, houseboat	0	0.0
Others	0	0.0