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Norlane

POSTAL CODE: VIC, 3214
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NORLANE ranks 224th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.61% for the past year is higher than average compared to its 32% growth within a five-year period.

Also in NORLANE, the median home price is sitting at $495,000, and the average rent at $400, this suggests property owners could potentially earn a 4.2% increase in gross rental yield.

Property investors have seen a 4.21% gain in NORLANE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.13% growth over a ten-year period. It ranks 438th on our list of suburbs that property investors should look into.

Surburb overview

Norlane is a suburb of Geelong, located about 5 kilometres north of the Geelong city centre and approximately 70 kilometres south-west of Melbourne’s central business district. It sits within the City of Greater Geelong and forms part of the northern suburban corridor, alongside areas such as Corio and North Shore.

Norlane has a population of around 10,000 residents, with a demographic profile that includes families, older residents, and a higher proportion of lower-income households than the broader Geelong region. 

Housing in the suburb is predominantly detached, with many properties developed during post-war expansion, alongside some unit developments and public housing.

Public transport is provided by nearby rail access at North Shore railway station and Lara railway station on the Geelong line, offering V/Line services to Melbourne and Geelong.

Bus routes operate throughout Norlane, connecting residential areas to local shops, schools and employment zones. Road connectivity is supported by the Princes Highway, which runs through the suburb and links to surrounding industrial and commercial areas.

Local retail activity is centred around neighbourhood shopping strips, while larger retail centres are located in Corio and central Geelong. Norlane includes several parks, reserves and sporting facilities that support community recreation and local clubs.

The suburb is also within proximity to Corio Bay, providing access to coastal environments and walking areas. Community services, schools and health facilities are distributed throughout the area, supporting local needs.

Norlane developed primarily during the mid-20th century as part of Geelong’s industrial expansion, with housing provided for workers in nearby manufacturing areas. Ongoing planning initiatives focus on urban renewal, infrastructure improvements, and support for community services within an established suburban setting.

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