Corio is a well-established suburb in Victoria within the Greater Geelong local government area (postcode 3214). With a population of 15,497, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $60K per year, with an average household size of 2.5 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Corio is $488,000, having risen modestly 1.7% over the past year. Units have a median price of $382,000 (-7% YoY). The current median weekly rent is $370. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,300.
Corio is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 4 rail stations, 73 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, Corio offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($488K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +1.7% year-on-year.
Corio is a well-established suburb in Victoria within the Greater Geelong local government area (postcode 3214). With a population of 15,497, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $60K per year, with an average household size of 2.5 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Corio is $488,000, having risen modestly 1.7% over the past year. Units have a median price of $382,000 (-7% YoY). The current median weekly rent is $370. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,300.
Corio is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 4 rail stations, 73 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, Corio offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($488K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +1.7% year-on-year.