geelong

3220, Victoria

Real Estate & Property Information

Median
Price Rank
263

geelong Suburb Profile & Review

On Corio Bay and the Barwon River you will find Geelong, Victoria's second largest city and the gateway to the Bellarine Peninsula and Great Ocean Road. Geelong has a stunning waterfront with a multitude of cafes and eateries. A stroll along its promenade will bring you to Eastern Beach, with its iconic wooden swimming enclosure, Carousel Pavilion, art-deco style cafe and kiosk.

For shopping, Westfield Geelong Shopping Centre and Market Square Shopping Centre stand opposite one another on Malop Street. Together they contain over two hundred specialty stores. The Geelong Art Gallery and Geelong Performing Arts Centre form the city's cultural precinct, while the Geelong Cats' home ground, Simonds Stadium, is host to many of the city's major sporting facilities.

Geelong's Deakin University campuses attract an influx of students from both Melbourne and regional areas every year. The Waurn Ponds campus is particularly well known as the home of Victoria's first regional school of medicine. For public transport, Geelong's train line is the most used regional line in Victoria, and it carts passengers to both Melbourne and Warrnambool. Avalon Airport is less than half an hour's drive along the Princes Freeway for those looking to travel further afield.

geelong Demographic Data

$ 485,000 Median House Price

57 Minutes Average Commute

40 Median Age

4,700 Population

51.04 % Female

48.96 % Male

1053 NO OF FAMILIES

1.7 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 geelong, Victoria.

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geelong 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.

geelong Median House Prices

  • 2008 $ 351,000
  • 2009 $ 370,000
  • 2010 $ 390,000
  • 2011 $ 465,000
  • 2012 $ 485,000

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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geelong 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 geelong 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 geelong property price predictions.

geelong Market Property Types

  • 63 % Seperate House
  • 12 % Semi Detached
  • 24 % Flat or Unit
  • 2 % 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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geelong 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.

geelong Income & Mortgage Stats

  • $ 1,216 Median Weekly Household Income
  • $ 1,733 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 geelong

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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geelong 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.

geelong Sold Property Prices

geelong 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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geelong Restaurants

  • Wintergarden Cafe51 McKillop Streetgeelong VIC 322003 5221 3744
  • Wharf Shed Cafe15 Eastern Beachgeelong VIC 322003 5221 6645
  • Usher's93 Yarra Streetgeelong VIC 322003 5229 7529

geelong Cafes

  • Wharf Shed Cafe15 Eastern Beachgeelong VIC 322003 5221 6645
  • The Dock CafeCunningham Pier, 10 Western Beach Foreshore Roadgeelong VIC 322003 5222 6360
  • Marina View at The Royal Geelong Yacht Club25 Eastern Beach Roadgeelong VIC 322003 5229 3705

geelong Schools

  • St. Marys Primary School66-68 Little Myers Streetgeelong VIC 3220(03) 5229 9453Catholic Primary School
  • Matthew Flinders Girls Secondary CollegeFenwick Streetgeelong VIC 3220(03) 5221 8288State Secondary College
  • Gordon Institute City Campus2 Fenwick Stgeelong VIC 3220(03) 5225 0800TAFE Education

geelong Childcare

  • ABC Learning Centre16 Little Ryrie Streetgeelong VIC 3220
  • Bay City Early Learning Centre35 Corio Streetgeelong VIC 3220

geelong Sporting Centres and Clubs

  • Geelong Water Ski Clubgeelong VIC 3220Boating Club
  • Royal Geelong Yacht Clubgeelong VIC 3220Boating Club
  • Western Beach Motor Boat Clubgeelong VIC 3220Boating Club

Find out How Much your House is Worth in geelong

Request a free market Basic Report for geelong 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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