Barwon Heads is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3227). With a population of 4,353, the suburb has a mature demographic with a median age of 46. Households earn a median income of $116K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Barwon Heads is $1.5 million, having dropped significantly 20.3% over the past year. Units have a median price of $1.0 million (+0.5% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,184.
Barwon Heads is served by 1 school, including 1 primary. The average ICSEA score is 1120, which is well above the national average of 1,000. Public transport access includes 1 rail station, 24 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Barwon Heads offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.6x is considered stretched. House prices have moved -20.3% year-on-year.
Barwon Heads is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3227). With a population of 4,353, the suburb has a mature demographic with a median age of 46. Households earn a median income of $116K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Barwon Heads is $1.5 million, having dropped significantly 20.3% over the past year. Units have a median price of $1.0 million (+0.5% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,184.
Barwon Heads is served by 1 school, including 1 primary. The average ICSEA score is 1120, which is well above the national average of 1,000. Public transport access includes 1 rail station, 24 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Barwon Heads offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.6x is considered stretched. House prices have moved -20.3% year-on-year.