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North Geelong
AREA REPORTS

North Geelong

North Geelong - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3215

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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $594,500.

The upward trend in home prices in NORTH GEELONG, 3215 averaged 13.51% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 3.06% increase in returns based on the current median price in NORTH GEELONG.

An average of 5.33 real estate transactions take place per month in NORTH GEELONG which translates to 64 per annum.

64 properties were sold in NORTH GEELONG in 2016, making it the 135th most active market in VIC based on total real estate transactions.

NORTH GEELONG, 3215 places 74th in Australia based on median property value growth during the quarter.

Data report can be found below

North Geelong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $594,500 N/A
GROWTH REPORT
Median Quarterly 8.39% N/A
Median 12 month 14.33% N/A
Median 3 years 40.54% N/A
Median 5 years 79.34% N/A
10 years average annual 8.05% N/A
Weekly media advert. rent $350 N/A
Time on Market 63.7 days N/A
Gross Rental Yield Percent 3.06% N/A
demographics (median values)*
Total Population
20616
Weekly Household Income
1141
Household Size
2.40
Age
42
Monthly Loan Repayment
1421
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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