clifton springs

3222, Victoria

Real Estate & Property Information

Median
Price Rank
454

clifton springs Suburb Profile & Review

Clifton Springs is an inviting coastal town on the Bellarine Peninsula. It is only twenty-five minutes away from Geelong, and residents can conveniently access the city on Portarlington Road. Homes along the coastline enjoy fantastic views of the You Yangs mountain range and Corio Bay.

The area boasts a myriad of natural attractions. The Dell Picnic Area near the Clifton Springs Golf Course overlooks rocky outcrops and a pristine beach. A boat harbour can be found at the end of Jetty Road, while walking tracks at the northern end of Beacon Point Road traverse cliff tops before descending to a secluded beach.

Two bus routes service the town: the route 78 bus, which travels to Drysdale, and the route 79 bus, which stops in Clifton Springs on its way between Geelong and St Leonards. A smattering of retail stores line Pinnaroo Avenue, though more shops can be found in Drysdale. Due to the fact that Drysdale is so close, families often send their children to one of its schools, such as Saint Ignatius College Geelong or Drysdale Primary School, though Clifton Springs has its own primary school and preschool.

clifton springs Demographic Data

$ 340,000 Median House Price

78 Minutes Average Commute

42 Median Age

7,153 Population

51.27 % Female

48.73 % Male

2119 NO OF FAMILIES

1.9 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 clifton springs, Victoria.

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clifton springs 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.

clifton springs Median House Prices

  • 2008 $ 259,000
  • 2009 $ 265,000
  • 2010 $ 277,500
  • 2011 $ 319,000
  • 2012 $ 340,000

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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clifton springs 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 clifton springs 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 clifton springs property price predictions.

clifton springs Market Property Types

  • 98 % Seperate House
  • 1 % Semi Detached
  • 1 % 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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clifton springs 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.

clifton springs Income & Mortgage Stats

  • $ 1,041 Median Weekly Household Income
  • $ 1,484 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 clifton springs

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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clifton springs 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.

clifton springs Sold Property Prices

clifton springs 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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clifton springs Restaurants

  • The Bayside Bistro92-94 Clearwater Driveclifton springs VIC 322203 5251 3391

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