South Geelong is a small community in Victoria within the Greater Geelong local government area (postcode 3220). With a population of 1,014, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $85K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in South Geelong is $879,000, having dipped slightly 0.3% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,700.
South Geelong is served by 1 school, including 1 primary. The average ICSEA score is 1088, which is above the national average of 1,000. Public transport access includes 4 rail stations, 9 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, South Geelong offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($879K/$875K). The price-to-income ratio of 10.3x is considered stretched. House prices have moved -0.3% year-on-year.
South Geelong is a small community in Victoria within the Greater Geelong local government area (postcode 3220). With a population of 1,014, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $85K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in South Geelong is $879,000, having dipped slightly 0.3% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,700.
South Geelong is served by 1 school, including 1 primary. The average ICSEA score is 1088, which is above the national average of 1,000. Public transport access includes 4 rail stations, 9 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, South Geelong offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($879K/$875K). The price-to-income ratio of 10.3x is considered stretched. House prices have moved -0.3% year-on-year.