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South Geelong, VIC 3220

Home » VIC Real Estate Data » Greater Geelong City, VIC » South 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 South 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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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 “South Geelong, VIC 3220”

  1. The total adult population (15 years or older) of South Geelong 3220 VIC is 843, with a median age of 37. Of those, 38.08% are married, 15.54% are divorced or separated, 42.11% are single and 4.03% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $9,420. The median monthly mortgage repayment for households in this suburb is $1,700 which is 18.05% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of South Geelong, coded 3220, is a vibrant community composed of about 1,074 households. As we delve into the performance of the South Geelong property market in Q3 of 2023, we find that houses typically sell at a price point of $860,743. Coupled with a median weekly rent of $511, investors can anticipate an indicative yield of 3.09%, skirting just slightly above the preferred market yield of 3% for cashflow-focused investors.

    Evaluating the fundamental metrics, South Geelong boasts an IRSAD score of 1,035 out of 1,217, which denotes a relatively high socio-economic standing among the population. However, it’s critical to note the renter to owner ratio stands at 37%, a figure that is slightly higher than the favourable benchmark of 30% but also well below the risky threshold of 45%, indicating a balanced market. Investors can take heart in the suburb’s units to houses ratio of only 12%, which signals the likelihood of less competition among landlords for tenants and often results in lengthier tenancy periods.

    Though the suburb’s affordability index registers at 36 years, which exceeds the less favourable limit of 31, and indicating property ownership in the area can be quite a long-term commitment, other supply metrics provide an optimistic picture. The suburb’s stock on the market percentage for houses is an impressively low 0.11%, and its inventory level sits at a favourable 0.67 months. Moreover, the building approvals ratio for houses is a modest 0.33%, suggesting a balanced supply landscape.

    As for demand metrics, the days on market for houses averages 25 days, highlighting a high demand. Also, the vacancy rate (for combined houses and units) is only at the favourable 1.0%, indicating a high level of occupancy. Lastly, the buy search index for houses rides the state average at 5, showing a steady interest in the property market of South Geelong.

    While some metrics exceed the desired range, it’s essential to recognise the strength of other favourable factors. The Relative Composite Score (RCS) developed by HtAG Analytics takes into account these multiple metrics for a holistic market analysis. Stay tuned to comprehensive market data, and remain alert for potential investment opportunities in order to reap capital gains and positive cash flows. The property market in South Geelong surely presents a myriad of possibilities for both seasoned investors and first-time homebuyers.

    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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