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Surf Coast Shire, VIC

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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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Suburb Heatmap Analysis

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.

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Rent 

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Yield 

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Buy 

1BR

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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.

Have a question? You can either leave a comment below or post it 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.

How many people live in Surf Coast Shire, VIC?

There are approximately 29000 people living in roughly 18000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in Surf Coast Shire, VIC?

Notable infrastructure projects include Anglesea Netball Club Pavilion Upgrade, Barwon River Reserve, Cape Otway Road widening and resurfacing project, Coalmine Road, Coombes Road Improvements, Fischer Street carparking works, Grant Pavilion Extension Project (Banyul Warri Fields), Lorne P-12 College Road Safety Improvements.

What major retailers are there in Surf Coast Shire, VIC?

The main retail centres are The Dunes Village, Boardriders Torquay, Patagonia, Roxy, Rip Curl Torquay, Rip Curl Torquay Outlet.

What is the main industry in Surf Coast Shire, VIC?

Such sectors as Health Care and Social Assistance, Education and Training, Construction, Retail Trade, Accommodation and Food Services make up the largest part of the employment.

What are the dominant demographic groups in Surf Coast Shire, VIC?

Among approximately 29000 people in Surf Coast Shire males and females make roughly 50% of each group. The median age of people is 42 years. Children aged 0-14 years account for approximately 21% of the population, and those aged 65+ years account for 18%.

How is unemployment rate trending in Surf Coast Shire, VIC?

Among approximately 15000 people employed, roughly 53% work full-time, 37% work part-time, and an estimated 4% are unemployed.

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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