Breakwater is a small community in Victoria within the Greater Geelong local government area (postcode 3219). With a population of 1,060, the suburb has an established demographic with a median age of 40. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Breakwater is $515,000, having dropped significantly 10.4% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,213.
Public transport access includes 14 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, Breakwater offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($515K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -10.4% year-on-year.
Breakwater is a small community in Victoria within the Greater Geelong local government area (postcode 3219). With a population of 1,060, the suburb has an established demographic with a median age of 40. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Breakwater is $515,000, having dropped significantly 10.4% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,213.
Public transport access includes 14 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, Breakwater offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($515K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -10.4% year-on-year.