Whittington (postcode 3219) is a smaller residential area in Victoria within the Greater Geelong local government area. With a population of 3,990, the suburb has an established family demographic with a median age of 42. Households earn a median income of $50K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Whittington stand at $524,000, having moved higher by 4.8% over the last twelve months. Units have a median price of $380,000 (+1.3% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,192.
Whittington is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 23 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, Gross rental yield sits at around 5.0% (moderate yield). Property prices sit below the state median ($524K/$875K), which can point to relative value. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +4.8% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.