Norlane is a mid-sized suburb in Victoria within the Greater Geelong local government area (postcode 3214). With a population of 8,682, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $47K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Norlane is $462,000, having risen modestly 1.5% over the past year. Units have a median price of $393,000 (-4.3% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,200.
Norlane is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 9 rail stations, 34 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, Norlane offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($462K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +1.5% year-on-year.
Norlane is a mid-sized suburb in Victoria within the Greater Geelong local government area (postcode 3214). With a population of 8,682, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $47K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Norlane is $462,000, having risen modestly 1.5% over the past year. Units have a median price of $393,000 (-4.3% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,200.
Norlane is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 9 rail stations, 34 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, Norlane offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($462K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +1.5% year-on-year.