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North Geelong
AREA REPORTS

North Geelong

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

house
unit

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 $595,000.

The upward trend in home prices in NORTH GEELONG, 3215 averaged 6.94% per annum over a 3-year period.

Average weekly rents on listings have reached the $390 mark, reflecting a 3.41% increase in returns based on the current median price in NORTH GEELONG.

An average of 5 real estate transactions take place per month in NORTH GEELONG which translates to 60 per annum.

60 properties were sold in NORTH GEELONG in 2016, making it the 139th most active market in VIC based on total real estate transactions.

NORTH GEELONG, 3215 places th 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 $595,000 $382,500
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month -2.46% N/A
Median 3 years 20.81% N/A
Median 5 years 75% N/A
10 years average annual 8.3% N/A
Weekly media advert. rent $390 $300
Time on Market 36.9 days 0.0 days
Gross Rental Yield Percent 3.41% 4.08%
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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