Bell Park is a mid-sized suburb in Victoria within the Greater Geelong local government area (postcode 3215). The area has roughly 5,602 residents and an established demographic, with a median age of 41. Households earn a median income of $64K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, labourers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Croatian.
Bell Park has a median house price of $650,000, which has moved higher by 4.8% year-on-year. Units have a median price of $485,000 (-4.9% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,500.
Bell Park is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 26 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.0% (moderate yield). Property prices are near the state median ($650K/$875K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved +4.8% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.