leopold

3224, Victoria

Real Estate & Property Information

Median
Price Rank
458

leopold Suburb Profile & Review

Leopold is a residential suburb in Geelong's east, known as the gateway to the Bellarine Peninsula. It is an hour and fifteen minutes from Melbourne, and a mere fifteen minutes from the centre of Geelong. Ocean Grove's beautiful beaches are also a short distance away. Leopold is a growing suburb, and many residential development estates are being constructed in the area.

Leopold Primary School is a well-reviewed school that enrols over 700 students. There are also primary schools in nearby suburbs, such as Wallington Primary School and Moolap Primary School. Students will need to head to Geelong for the nearest secondary school; however, there are great public transport options for this commute.

Gateway Plaza is the local shopping centre, situated on the corner of Melaluka Road and the Bellarine Peninsula. The centre features a Coles, a Red Rooster and twenty specialty retail stores.

leopold Demographic Data

$ 339,000 Median House Price

72 Minutes Average Commute

39 Median Age

10,111 Population

50.79 % Female

49.21 % Male

2920 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 leopold, Victoria.

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leopold 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.

leopold Median House Prices

  • 2008 $ 279,000
  • 2009 $ 290,000
  • 2010 $ 307,500
  • 2011 $ 338,995
  • 2012 $ 339,000

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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leopold 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 leopold 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 leopold property price predictions.

leopold Market Property Types

  • 90 % Seperate House
  • 1 % Semi Detached
  • 7 % Flat or Unit
  • 3 % 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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leopold 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.

leopold Income & Mortgage Stats

  • $ 1,191 Median Weekly Household Income
  • $ 1,565 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 leopold

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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leopold 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.

leopold Sold Property Prices

leopold 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.

leopold Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

leopold Cafes

  • Panache Cafe and Creperie641-659 Bellarine Hwyleopold VIC 322403 5250 3344

leopold Schools

  • Leopold Primary School1 Kensington Rdleopold VIC 3224(03) 5250 1233State Primary School

leopold Childcare

  • Little Diggers Developmental Learning Centre31-33 Melaluka Roadleopold VIC 3224

leopold Kindergarten and Preschools

  • Allanvale Preschool28 Allanvale Avenueleopold VIC 3224
  • Leopold Kindegarten29 Kanimbla Avleopold VIC 3224

leopold Sporting Centres and Clubs

  • Leopold Sportsmans Clubleopold VIC 3224
  • Ardmore Equestrian Centreleopold VIC 3224Horse Riding Club
  • Leopold Tennis Clubleopold VIC 3224Tennis Club & Courts

leopold Retirement Villages

  • Kensington Retirement Villageleopold VIC 3224
  • Pelican Shoresleopold VIC 3224

leopold Vets

  • Leopold Pet Hospitalleopold VIC 3224

Find out How Much your House is Worth in leopold

Request a free market Basic Report for leopold 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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