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North Geelong, VIC 3215

Home » VIC Real Estate Data » Greater Geelong City, VIC » North Geelong, VIC 3215

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 North Geelong, VIC 3215 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 “North Geelong, VIC 3215”

  1. The total adult population (15 years or older) of North Geelong 3215 VIC is 2,698, with a median age of 40. Of those, 35.99% are married, 12.94% are divorced or separated, 38.73% are single and 12.34% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,160. The median monthly mortgage repayment for households in this suburb is $1,625 which is 19.91% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of North Geelong 3215 harbours around 2,175 households. Stepping into the third quarter of 2023, the typical house prices within this region are marked at $657,201, with a median weekly rent of $455. This results in an appealing indicative yield of approximately 3.6%, meeting the desirable market threshold for property investors focused on cashflow.

    The locality enjoys a sound IRSAD score of 953 out of 1,217, reflecting the satisfactory socio-economic standing of the area. An urge for caution arises with a renter to owner ratio of 41%, an elevated proportion demonstrating a saturation of rental properties, raising the competitive stakes for rental returns in the long run.

    However, the decreasing units to houses ratio at 9% purchases optimism, suggesting lesser competition among landlords and longer tenancy periods, thereby maintaining higher rental yields. Yet, the affordability index stands at 32 years, leaning slightly towards decreased affordability and suggesting higher property prices.

    The supply and demand dynamics engulfing North Geelong, as inferred from various metrics, paint a promising picture. With a mere 0.34% stock on market Percentage and an inventory level of 1.47 months, the market signifies a favourable low supply. Furthermore, the building approvals Ratio for houses sits low at 0.22%, reinforcing the belief of controlled supply in the property market.

    A reasonably high demand is acknowledged with the days on market for properties at 39 days, and the advantageous vacancy rate (combining houses and units) standing at 0.91%, just shy of the lower limit for the highly sought-after property market.

    Noteworthy is the buy search index for houses which is parallel with the state or city average at 5, suggesting a neutral level of demand. All these data points indicate that most metrics for North Geelong fall within favourable ranges, thereby making it a robust market for property investors. Yet, consideration of RCS (Relative Composite Score) developed by HtAG Analytics might offer a more comprehensive understanding of the market, evolving from a broader range of metrics.

    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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