Surf Coast Shire, VIC

The Surf Coast Shire is a local government area in Victoria’s Barwon South West district, in the state’s south-western corner. As the name suggests the LGA is known for its beaches and surfing where the major economic activity is tourism. It is a beautiful place to visit all year round, with an abundance of scenic attractions including national parks, rugged coastline, rolling hillsides and picturesque valleys.

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The Surf Coast Shire region in Victoria has become one of the most sought after destinations for home buyers looking to escape the city hustle. Surf Coast has a diverse economy with a significant manufacturing base and includes many national and international companies operating in the region. It is also a great place for retirees and families. The local property market has been performing quite well as of late, but as with many other locations in the country it has been struggling to keep up with the demand for quality housing.

The demand is primarily from the residents employed in the following occupations – Professionals (25.1 %), Managers (16.5 %), Technicians and Trades Workers (14.8 %), Clerical and Administrative Workers (11.0 %), and Community and Personal Service Workers (10.9 %) are the most common jobs in Surf Coast. The typical weekly personal income for Surf Coast residents aged 15 years and older is $722 which is above the state average.

The Surf Coast Shire real estate market is experiencing a range of factors that are impacting it. As with many other markets, the most significant factors are the supply of housing, population growth, financial stability of buyers, interest rates, buyers’ affordability and finance available for mortgage.

In Surf Coast, 92.1 % of occupied private homes are detached houses, 5.8 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 1.3 % are flats or apartments, and 0.4 % are other dwellings. Majority of the local residents prefer traditional stand-alone family homes.

A lot of people, especially those who reside in or near the Surf Coast Shire, are wondering if they should invest in the local property market. If you’re among those people, consider exploring the interactive dashboard with sale and rental prices before making your investment decision.

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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.

Buy 

2BR

3BR

4BR

5BR

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.

Rent 

2BR

3BR

4BR

5BR

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.

Yield 

2BR

3BR

4BR

5BR

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.

Buy 

1BR

2BR

3BR

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.

Rent 

1BR

2BR

3BR

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.

Yield 

1BR

2BR

3BR

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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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
Upgrade to Personal Plan to see Yield data.
Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
Upgrade to Professional Plan to see Buy & Rent Search Index data.
Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Surf Coast Shire, VIC

What other property markets are there near Surf Coast Shire, VIC?

Surf Coast Shire is surrounded by 3 other council areas – Colac Otway, Golden Plains, Greater Geelong.

Suburbs/localities in this Local Government Area: Gnarwarre 3221, Aireys Inlet 3231, Jan Juc 3228, Bambra 3241, Barrabool 3221, Lorne 3232, Modewarre 3240, Moggs Creek 3231, Moriac 3240, Mount Duneed 3217, Mount Moriac 3240, Bellbrae 3228, Bells Beach 3228, Paraparap 3240, Benwerrin 3235, Torquay 3228, Wensleydale 3241, Winchelsea South 3241, Wurdiboluc 3241, Boonah 3235, Big Hill 3231, Breamlea 3227, Buckley 3240, Anglesea 3230, Connewarre 3227, Deans Marsh 3235, Eastern View 3231, Fairhaven 3231, Freshwater Creek 3217, Gherang 3240

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