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South Geelong
AREA REPORTS

South Geelong

South Geelong - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3220

house

SOUTH GEELONG, 3220 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $1,000,000.

Profits due to an upward trend in home prices in the suburb averaged 15.98% per annum over a 3-year period.

SOUTH GEELONG now ranks at the 258th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in SOUTH GEELONG are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $485 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SOUTH GEELONG, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 20 properties were sold in SOUTH GEELONG during the past year, making it the 498th most active market in VIC based on total real estate transactions.

Data report can be found below

South Geelong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,000,000 N/A
GROWTH REPORT
Median Quarterly 5.26% N/A
Median 12 month N/A N/A
Median 3 years 47.93% N/A
Median 5 years 110.08% N/A
10 years average annual 8.85% N/A
Weekly media advert. rent $485 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 2.52% N/A
demographics (median values)*
Total Population
16353
Weekly Household Income
1573
Household Size
2.30
Age
40
Monthly Loan Repayment
1816
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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