Lovely Banks is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3213). With a population of 2,782, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Australian, English, Italian.
The median house price in Lovely Banks is $759,000, having grown strongly 9.9% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,747.
Lovely Banks is served by 1 school, including 1 combined. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 5 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, Lovely Banks offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($759K/$875K). The price-to-income ratio of 7.3x is considered moderate. House prices have moved +9.9% year-on-year.
Lovely Banks is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3213). With a population of 2,782, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Australian, English, Italian.
The median house price in Lovely Banks is $759,000, having grown strongly 9.9% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,747.
Lovely Banks is served by 1 school, including 1 combined. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 5 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, Lovely Banks offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($759K/$875K). The price-to-income ratio of 7.3x is considered moderate. House prices have moved +9.9% year-on-year.