Suburb Profile Report for Lovely Banks VIC (3221)

Lovely Banks House: Median price $480,000, Annual capital growth N/A, Number of sales 21, Weekly median advertised rent $400

  • 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

When looking at the potential capital gains offered to property investors over the last 3 years, Lovely Banks comes in at number 561th in VIC.

Lovely Banks, 3221 is offering VIC ‘s 616th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

The VIC suburb of Lovely Banks, 3221 is in the Greater Geelong local government area.

Metrics i HOUSE UNIT
$480,000 N/A
2.13% N/A
N/A N/A
N/A N/A
$400 N/A
21 N/A
4.33% N/A
27.75 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.

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Demographics
Total population 2218
Median household income ($/weekly) 1365
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 356 16.1
    25-34 years 240 10.8
    35-44 years 347 15.6
    45-54 years 362 16.3
    55-64 years 207 9.3
    Others 706 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 855 54.7
    Not Married 604 38.6
    Defacto Relationship 105 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1626 78.1
    Egypt 46 2.2
    Japan 43 2.1
    United Kingdom 69 3.3
    Other 79 3.8
    Others 218 10.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1571 78.9
    No Religion 350 17.6
    Buddhism 35 1.8
    Islam 30 1.5
    Other Religious Groups 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 57 9.2
    $1,250-$1,499 55 8.9
    $1,500-$1,999 89 14.4
    $2,000-$2,499 70 11.3
    $2,500-$2,999 63 10.2
    Others 283 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 631 39.4
    Not in the labour force 507 31.7
    Employed, worked part-time 368 23.0
    Employed, away from work 54 3.4
    Unemployed, looking for work 41 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 120 11.4
    Technicians & trades workers 196 18.6
    Clerical & administrative workers 128 12.1
    Sales 125 11.9
    Labourers 123 11.7
    Others 362 34.3
    Occupation
    Census Count Percent(%)
    Pre-school 38 6.6
    Infants/Primary 224 38.7
    Secondary 200 34.5
    Technical or Further Educational Institution 50 8.6
    University or other Tertiary Institutions 58 10.0
    Others 9 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1919 92.8
    Flat, unit or apartment 127 6.1
    Semi-detached, row or terrace house, townhouse 22 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 321 47.3
    Fully owned 252 37.2
    Rented 105 15.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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