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Geelong, VIC 3220

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Geelong, VIC 3220 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Geelong, VIC 3220”

  1. The total adult population (15 years or older) of Geelong 3220 VIC is 5,212, with a median age of 40. Of those, 38.22% are married, 13.09% are divorced or separated, 43.75% are single and 4.99% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $9,448. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.17% of their earnings.

    Source: ABS Census Data (2021)

  2. In the suburb of GEELONG 3220, found in the vibrant state of Victoria, a community of around 5147 households thrives. Here, the typical price for houses as of Q3 2023 is a respectable $937,786 AUD, garnering a median weekly rent of $516. This results in an indicative yield of a slightly below-the-threshold 2.86%.

    GEELONG’s socio-economic situation shows promise. With an IRSAD score of 1047 out of a possible 1217, the suburb houses residents with good access to economic resources, further indicated by higher income levels and a rise in skilled professions.

    Property supply and demand in the GEELONG market present some challenges. The renter to owner ratio stands at 44%, a slightly high and somewhat less favourable investment condition due to competition from other property investors. However, the units to houses ratio is lower at 40%, which is within the favourable range and suggests healthy market saturation levels favourable towards landlords.

    However, the affordability index paints a less favourable picture. At 39 years, this exceeds the desirable range, indicating lowered affordability in the area for homeownership under typical mortgage conditions.

    On a brighter note, GEELONG’s stock on market Percentage for houses sits at a healthy 0.09%, well below the neutral range indicating a low supply. And even more impressive, the inventory level stands at just 0.41 months, indicating that any new listings would be quickly absorbed by the market demand. The building approvals Ratio also leans towards investor favour at only 0.26%.

    The duration for selling a property is relatively short, with the average number of days on market for houses being a mere 20 days. This suggests high demand and a busy market. Similarly, GEELONG’s vacancy rate combining both houses and units is at a manageable 1.9%, in the neutral range.

    The buy search index for houses in GEELONG stands at 4, indicating modest yet consistent demand. All of these factors combined indicate an active property market which may hold opportunities for savvy, informed property investors.

    While some metrics may sit outside desirable ranges, it’s important to consider the broader context and overarching market trends, which can be best done through tools like the HtAG Analytics’ Relative Composite Score.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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