Greater Geelong City, VIC
The City of Greater Geelong is a local government area in Victoria’s Barwon South West district, in the state’s western region. It is largely urban in nature, with the bulk of its population concentrated in the Greater Geelong urban region.
The port-city of Geelong is located 75km southwest of Melbourne’s CBD, has the second largest population in Victoria after Melbourne, with 268,277 people. Today, Geelong stands as an emerging health, education and advanced manufacturing hub although the region has lost some of its heavy manufacturing operations in recent years.
Population increases over the last decade were due to growth in service industries, as the manufacturing sector has declined. Redevelopment of the inner city has occurred since the 1990s, as well as gentrification of inner suburbs, and currently has a population growth rate higher than the national average. Greater Geelong has been growing steadily with 2019 seeing 2.66% growth. According to the latest Census data 103,580 people living in the City of Greater Geelong were employed, of which 57% worked full-time and 41% part-time. The unemployment rate currently sits at 6.4%.
The Greater Geelong Property Market has been growing over the past decade with a high demand for homes and property investments. Many people have flocked to this area for its easy access to Melbourne’s CBD and beachside suburbs, whilst others have been pushed out by high demand from homeowners who want more space.
The largest industry in Greater Geelong was healthcare and social assistance. However, there area more professionals in the City of Greater Geelong than any other occupation. Professionals account for 20.8 % of employment in Greater Geelong, followed by technicians and trades workers at 15.0 %, community and personal service workers at 12.9 %, clerical and administrative workers at 12.2 %, and managers at 10.7 %. In Greater Geelong, the typical weekly personal income for persons aged 15 years and older is $600.
In Greater Geelong, 85.3 % of occupied private residences are detached houses, 10.9 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 2.8 % are flats or apartments, and 0.6 % are other dwellings.
Greater Geelong’s residential property market is experiencing significant house price growth due to a buoyant market and federal and state policies. The concentration of job opportunities in the region has boosted demand for housing – especially in the area surrounding Geelong CBD where jobs are concentrated.
When it comes to buying a house, ensure you are buying a property that matches your strategy and fits within your budget. Make sure you have done enough research before making the purchase by reviewing the data on the interactive dashboard below.
Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
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AUS Suburbs ( houses )
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Not sure what this data means? See HtAG Data Dictionary for guidance.
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Stock on Market
Days on Market
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Property Market in Greater Geelong City, VIC
There are approximately 233000 people living in roughly 106000 dwellings in total, with an average household size of 2.4.
The main retail centres are Westfield Geelong, Market Square Shopping Centre, Juggernort Clothing Australia, Freestyle Clothing, Belmont Village Shopping Centre, West Coast Plaza.
Such sectors as Manufacturing, Public Administration & Safety, Electricity, Gas, Water & Waste Services make up the largest part of the employment.
Among approximately 233000 people in Greater Geelong City males and females make roughly 48% and 52% respectively. The median age of people is 40 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 19%.
Among approximately 111000 people employed, roughly 53% work full-time, 35% work part-time, and an estimated 6% are unemployed.
Suburbs/localities in this Local Government Area: Grovedale 3216, Hamlyn Heights 3215, Herne Hill 3218, Highton 3216, Indented Head 3223, Lara 3212, Leopold 3224, Lovely Banks 3213, Manifold Heights 3218, Mannerim 3222, Marcus Hill 3222, Marshall 3216, Barwon Heads 3227, Moolap 3224, Moorabool 3213, Bell Park 3215, Bell Post Hill 3215, Newcomb 3219, Bellarine 3223, Norlane 3214, North Geelong 3215, North Shore 3214, Ocean Grove 3226, Belmont 3216, Point Lonsdale 3225, Point Wilson 3212, Portarlington 3223, Rippleside 3215, South Geelong 3220, St Albans Park 3219, St Leonards 3223, Staughton Vale 3340, Swan Bay 3225, Wallington 3222, Wandana Heights 3216, Waurn Ponds 3216, Whittington 3219, Newtown 3220, Thomson 3219, Armstrong Creek 3217, Charlemont 3217, Breakwater 3219, Ceres 3221, Clifton Springs 3222, Corio 3214, Curlewis 3222, Drumcondra 3215, Drysdale 3222, East Geelong 3219, Avalon 3212, Fyansford 3218, Geelong 3220, Geelong West 3218