bell park

3215, Victoria

Real Estate & Property Information

Median
Price Rank
505

bell park Suburb Profile & Review

Bell Park is a popular suburb fifteen minutes north-west of Geelong's city centre. It has a young demographic, and many residents work in the manufacturing industry.

There are three different shopping strips; one on Separation Street, one on Milton Street and one on Hughes Street. All feature supermarkets, butchers, hairdressers, takeaway shops and cafes. There are five schools in the area, including North Geelong Secondary College and the Barton campus of Western Heights College. The former Geelong Golf Club on the boundary of the suburb will soon be redeveloped into a private residential community and golf course. The Grace McKellar Centre, a rehabilitation and extended care centre on Ballarat Road, also straddles Bell Park and North Geelong.

Hume Reserve is a large soccer facility on Thomson Road, while Nicholson Reserve, Milton Reserve and Castle Court Playground are all small, tidy reserves with play equipment. The Geelong Ring Road is minutes away for those wanting to travel to Melbourne. Holidaymakers looking for a summer escape will also be delighted to note that the Surf Coast is only a short drive away.

bell park Demographic Data

$ 305,500 Median House Price

56 Minutes Average Commute

41 Median Age

5,286 Population

51.25 % Female

48.75 % Male

1331 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in bell park, Victoria.

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bell park Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

bell park Median House Prices

  • 2008 $ 222,500
  • 2009 $ 239,000
  • 2010 $ 256,250
  • 2011 $ 294,000
  • 2012 $ 305,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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bell park 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in bell park have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term bell park property price predictions.

bell park Market Property Types

  • 87 % Seperate House
  • 3 % Semi Detached
  • 11 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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bell park Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

bell park Income & Mortgage Stats

  • $ 879 Median Weekly Household Income
  • $ 1,400 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in bell park

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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bell park Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

bell park Sold Property Prices

bell park Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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bell park Cafes

  • Kelly Court CafeUnit 2, 2 Kelly Ctbell park VIC 321503 4208 0650

bell park Schools

  • Holy Family Primary School14 -147 Separation Stbell park VIC 3215(03) 52 78 4634Catholic Primary School
  • Nelson Park SchoolMcClelland Streetbell park VIC 3215(03) 5278 3620Specialist School
  • Bell Park North Primary SchoolBarton Streetbell park VIC 3215(03) 5278 35 48State Primary School

bell park Kindergarten and Preschools

  • Bell Park Kindergarten10 Barton Streetbell park VIC 3215

bell park Sporting Centres and Clubs

  • Geelong Action Indoor Sports Stadiumbell park VIC 3215Indoor Sports Venue

bell park Retirement Villages

  • RSL Village Geelongbell park VIC 3215

Find out How Much your House is Worth in bell park

Request a free market Basic Report for bell park to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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