Waurn Ponds is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3216). With a population of 4,956, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $119K per year, with an average household size of 3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Waurn Ponds is $776,000, having declined 6.6% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,755.
Public transport access includes 3 rail stations, 14 bus stops. Healthcare facilities include 1 private 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, Waurn Ponds offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($776K/$875K). The price-to-income ratio of 6.5x is considered moderate. House prices have moved -6.6% year-on-year.
Waurn Ponds is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3216). With a population of 4,956, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $119K per year, with an average household size of 3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Waurn Ponds is $776,000, having declined 6.6% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,755.
Public transport access includes 3 rail stations, 14 bus stops. Healthcare facilities include 1 private 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, Waurn Ponds offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($776K/$875K). The price-to-income ratio of 6.5x is considered moderate. House prices have moved -6.6% year-on-year.