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Breakwater

POSTAL CODE: VIC, 3219
HOUSE

Property investors have seen a -2.83% drop in BREAKWATER based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains BREAKWATER, 3219 saw average growth in the long term.

The VIC 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 $550,000

Profits averaged -1% per annum over a 3-year period, due to an downward trend in home prices in BREAKWATER, 3219.

This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

The gross rental yield in BREAKWATER, 3219 is 4.25%.

An average of 2.75 real estate transactions take place per month in BREAKWATER which translates to 33 per annum.

Surburb overview

Breakwater is an industrial and residential suburb of Geelong in Victoria, located approximately 4 kilometres south-east of the Geelong central business district and about 75 kilometres south-west of Melbourne. 

The suburb is located within the City of Greater Geelong and sits along the Barwon River, forming part of a mixed-use corridor that includes industrial, commercial, and residential areas.

According to recent census data, Breakwater has a relatively small population, with a demographic profile that includes a mix of working households, long-term residents, and a smaller proportion of families, and a median age close to or slightly above the national average.

Housing in the suburb is limited compared to neighbouring areas, consisting mainly of detached dwellings, with some older homes reflecting its earlier development alongside industrial activity.

Breakwater is characterised by its significant industrial presence, with manufacturing, warehousing, and logistics facilities forming a major part of the local land use.

Road connectivity is a key feature, with major routes such as Breakwater Road and Barwon Heads Road providing access to central Geelong, the Bellarine Peninsula, and surrounding suburbs.

Public transport options include bus services linking Breakwater to the Geelong CBD and nearby residential areas, while South Geelong railway station offers V/Line train services to Melbourne and regional centres.

Local amenities within Breakwater are limited, with residents typically accessing retail, healthcare, and other essential services in neighbouring suburbs such as Newcomb and central Geelong.

Educational facilities are also located in surrounding areas, including primary and secondary schools, as well as tertiary institutions in central Geelong, such as Deakin University.

Recreational opportunities include access to the Barwon River and nearby walking trails and open spaces that support outdoor activities. The suburb retains elements of its industrial heritage, which continues to shape its character and land-use patterns.

Breakwater primarily functions as a mixed industrial and residential area within the broader Geelong region, supported by its proximity to transport routes and to central Geelong.

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