Suburb Profile Report for Geelong VIC (3220)

Geelong House: Median price $885,000, Annual capital growth 6.27%, Number of sales 86, Weekly median advertised rent $430

Geelong Unit: Median price $680,000, Annual capital growth 3.38%, Number of sales 84, Weekly median advertised rent $420

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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VIC has seen average median house prices change by 14.59% which means that Geelong, 3220 has done well for property investors by showing a capital gain of 16.07% over the last year

If we look at median property appreciation over just the last three months, Geelong has given property investors a paper return of 0.34%. This puts Suburb as 684 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Geelong 3220 should be seeing an average reduction in asking price of around -5.28% . This means that Geelong is holding prices well when compared to other suburbs in VIC.

Property investors should expect to get $430 weekly from the median priced house in this suburb.

Over the last year, property investments in Geelong, 3220 have given investors a capital gain of 14.77%. This compares very favourably with the 7.51% for VIC as a whole.

A 37.65% growth in median value for property investors in Geelong,3220 puts this suburb at number 140th in terms of best performing suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Geelong, 3220. Typically our figures indicate that -4.53% is being offered, which puts this VIC suburb at 390th most discounted overall in Australia.

At number 1073 in a list of fastest selling suburbs, Geelong is in the bottom 30% of suburbs in Australia with an average of days on market 74.8039 for properties listed there.

The VIC suburb of Geelong, 3220 is in the Greater Geelong (C) local government area.

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One of Victoria’s largest and fastest-growing cities, Geelong is located southwest of Melbourne on the banks of the Barwon River and Corio Bay. 

Sometimes known as the Gateway City, due to its central location to regional Victoria, Geelong is a rich hub of entertainment, culture, and sport. The town is home to the Geelong Cats, the second oldest AFL club in Australia and has a number of high-end bars and restaurants. 

People wanting to check out Geelong can do so by flying into Avalon Airport, located just 15 kilometres northeast of the city. 

Located on the traditional lands of the Wadawurrung people, Geelong has many notable historical sites, experiencing a gold rush, industrial revolution, and fervent port activity over its history. 

Metrics i HOUSE UNIT
$885,000 $680,000
0.34% 3.42%
16.07% 14.77%
6.27% 3.38%
$430 $420
86 84
2.53% 3.21%
67.5789473684211 74.8039215686275

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4700
Median household income ($/weekly) 1216
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 476 10.1
    25-34 years 750 16.0
    35-44 years 615 13.1
    45-54 years 634 13.5
    55-64 years 656 14.0
    Others 1568 33.4
    Age Group
    Census Count Percent(%)
    Not Married 1704 49.6
    Registered Married 1379 40.1
    Defacto Relationship 352 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3434 78.8
    Japan 108 2.5
    Malta 69 1.6
    United Kingdom 181 4.2
    Other 107 2.5
    Others 459 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 91 2.2
    Christianity 2802 67.4
    Islam 47 1.1
    Other Religious Groups 41 1.0
    No Religion 1133 27.3
    Others 41 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 157 9.1
    $600-$799 164 9.5
    $800-$999 152 8.8
    $1,500-$1,999 216 12.5
    $2,000-$2,499 150 8.7
    Others 888 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1535 39.7
    Not in the labour force 1248 32.3
    Employed, worked part-time 826 21.3
    Unemployed, looking for work 138 3.6
    Employed, away from work 122 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 300 12.1
    Professionals 742 29.9
    Technicians & trades workers 348 14.0
    Community & personal service workers 256 10.3
    Clerical & administrative workers 306 12.3
    Others 528 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 52 5.1
    Infants/Primary 226 22.1
    Secondary 195 19.0
    Technical or Further Educational Institution 107 10.4
    University or other Tertiary Institutions 403 39.4
    Others 41 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2812 70.2
    Flat, unit or apartment 721 18.0
    Semi-detached, row or terrace house, townhouse 419 10.5
    House or flat attached to a shop, office 51 1.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 795 42.8
    Fully owned 606 32.6
    Being purchased 446 24.0
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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