North Geelong is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3215). With a population of 3,225, the suburb has an established demographic with a median age of 40. Households earn a median income of $77K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in North Geelong is $640,000, having dipped slightly 1% over the past year. Units have a median price of $420,000 (+24.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,625.
North Geelong is served by 1 school, including 1 secondary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 3 rail stations, 33 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, North Geelong offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved -1.0% year-on-year.
North Geelong is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3215). With a population of 3,225, the suburb has an established demographic with a median age of 40. Households earn a median income of $77K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in North Geelong is $640,000, having dipped slightly 1% over the past year. Units have a median price of $420,000 (+24.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,625.
North Geelong is served by 1 school, including 1 secondary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 3 rail stations, 33 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, North Geelong offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved -1.0% year-on-year.