norlane
3214, Victoria
Real Estate & Property Information
norlane Suburb Profile & Review
Norlane is a suburb in Geelong's north, close to both Corio Bay and North Shore Beach. It is primarily comprised of weatherboard houses and brick subdivisions built to accommodate Ford factory workers during the 1960s.
Labuan Square is a small, convenient shopping precinct featuring takeaway shops and retail stores. Corio Shopping Centre, which is home to a Coles, Safeway and Kmart, is also a five minute drive away. There are five schools in the area, including the Geelong campus of Isik College and North Shore Primary School.
In the summer, families with children flock to Waterworld, a fun park with an outdoor slide and a large indoor pool. There are also a number of parks and reserves, including Evans Reserve, which has a sports oval and a playground, and Windsor Park, which has a basketball court and a skate park. The train between Geelong and Melbourne'stops at North Shore Station, mere steps away from central Norlane.
norlane Demographic Data
$ 205,000 Median House Price
52 Minutes Average Commute
39 Median Age
8,012 Population
51.57 % Female
48.43 % Male
2071 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 norlane, Victoria.
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norlane 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.
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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norlane Market Property Types
- 85 % Seperate House
- 6 % Semi Detached
- 10 % 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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norlane 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.
norlane Income & Mortgage Stats
- $ 625 Median Weekly Household Income
- $ 1,083 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 norlane
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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norlane 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.
norlane Sold Property Prices
3 WIRRAWAY CRESCENT
23 DAREBIN STREET
16-18 WIRRAWAY CRESCENT
14 LUMEAH ST
38 TALLIS STREET
87 Cox Road
norlane 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.
Agents Coming Soon
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norlane Cafes
- Michel's PatisserieBell Post Shopping Centrenorlane VIC 321403 5275 0400
norlane Schools
- St. Thomas Aquinas Primary School51 Plume Streetnorlane VIC 3214(03) 5275 3560Catholic Primary School
- Northern Bay College P-8 Campus Peacock Av norlane VIC 32141300 348 535State Primary School
- Northern Bay College P-8 Peacock Campus Peacock Av norlane VIC 32141300 348 535State Secondary College
norlane Childcare
- Bellnore Drive ELC24 Bellnore Drivenorlane VIC 3214
- City Learning & Care-Trudy MoritzSparks Roadnorlane VIC 3214
- Kada Childrens Centre140 Cox Roadnorlane VIC 3214
norlane Kindergarten and Preschools
- Norlane North Shore Kinder11 Gerbera Avenuenorlane VIC 3214
- Norlane West Kindergarten39 Peacock Avenuenorlane VIC 3214
norlane Sporting Centres and Clubs
- NorlaneAnakie Rdnorlane VIC 3214Squash Court
- Corio Leisuretimenorlane VIC 3214Indoor Sports Venue
- Windsor Parknorlane VIC 3214Skate Park Facility
Find out How Much your House is Worth in norlane
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