waurn ponds

3216, Victoria

Real Estate & Property Information

Median
Price Rank
327

waurn ponds Suburb Profile & Review

Waurn Ponds is located at the endpoint of the Geelong Ring Road. It is one of the most southern areas in the Greater Geelong district, providing residents with easy access to the coastal beaches. The area is services by buses that head to Geelong's city centre as well as Deakin University and the surrounding suburbs.

Deakin University has a campus in Waurn Ponds. There are 4000 students currently enrolled in a variety of courses, including Medicine and Law. Also in the area is the Marcus Oldham College, a higher educational institute that specialises in the management of agriculture and horses. Christian College has a senior campus, Year 10-12, on Pigdons Road.

Waurn Ponds Shopping Centre is a major precinct featuring two supermarkets, a Target, and a Readings cinema. On the Princes Highway is the Geelong Homemaker Centre, which includes a Bunnings and Harvey Norman, as well as many other specialty retailers.

waurn ponds Demographic Data

$ 420,000 Median House Price

60 Minutes Average Commute

28 Median Age

3,995 Population

49.96 % Female

50.04 % Male

984 NO OF FAMILIES

2.0 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 waurn ponds, Victoria.

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waurn ponds 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.

waurn ponds Median House Prices

  • 2008 $ 353,875
  • 2009 $ 375,000
  • 2010 $ 367,500
  • 2011 $ 433,000
  • 2012 $ 420,000

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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waurn ponds 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 waurn ponds 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 waurn ponds property price predictions.

waurn ponds Market Property Types

  • 99 % Seperate House
  • 1 % Semi Detached
  • 0 % 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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waurn ponds 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.

waurn ponds Income & Mortgage Stats

  • $ 1,652 Median Weekly Household Income
  • $ 1,820 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 waurn ponds

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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waurn ponds 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.

waurn ponds Sold Property Prices

waurn ponds 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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waurn ponds Cafes

  • Deakin Lakehouse CafeDeakin University, Geelong Campuswaurn ponds VIC 321603 5227 1273
  • Blue Hibiscus Tea Rooms620 Princes Hwywaurn ponds VIC 321603 5266 1394
  • Panache Cafe and CreperieKiosk 5, 173-199 Pioneer Rdwaurn ponds VIC 321603 5241 1447

waurn ponds Schools

  • Christian College Senior Campus135 Pigdons Roadwaurn ponds VIC 3216(03) 5241 1577Private School
  • Deakin Geelong Campus at Waurn Ponds75 Pigdons Roadwaurn ponds VIC 3216(03) 5227 1100University

waurn ponds Childcare

  • Deakin Child CarePigdons Roadwaurn ponds VIC 3216

waurn ponds Sporting Centres and Clubs

  • Waurn Ponds East Tennis Clubwaurn ponds VIC 3216Tennis Club & Courts
  • Waurn Ponds Tennis Clubwaurn ponds VIC 3216Tennis Club & Courts

Find out How Much your House is Worth in waurn ponds

Request a free market Basic Report for waurn ponds 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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