Geelong is a mid-sized suburb in Victoria within the Greater Geelong local government area (postcode 3220). With a population of 5,811, the suburb has an established demographic with a median age of 40. Households earn a median income of $87K per year, with an average household size of 2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Geelong is $870,000, having dropped significantly 12.3% over the past year. Units have a median price of $618,000 (-16.7% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,000.
Geelong is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 9 rail stations, 41 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Geelong offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($870K/$875K). The price-to-income ratio of 10.0x is considered stretched. House prices have moved -12.3% year-on-year.
Geelong is a mid-sized suburb in Victoria within the Greater Geelong local government area (postcode 3220). With a population of 5,811, the suburb has an established demographic with a median age of 40. Households earn a median income of $87K per year, with an average household size of 2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Geelong is $870,000, having dropped significantly 12.3% over the past year. Units have a median price of $618,000 (-16.7% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,000.
Geelong is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 9 rail stations, 41 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Geelong offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($870K/$875K). The price-to-income ratio of 10.0x is considered stretched. House prices have moved -12.3% year-on-year.