Thinking about buying in Corio? Now could not be a better time, with 8290 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $584,000 with prices in this suburb ranging from $130,000 to $9,420,000. Corio is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $286.74 |
Median Monthly Mortgage | $1245.95 |
Median Persons Per Bedroom | 0.82 |
Average Household Size | 2.61 |
Average Age | 36.71 |
Average Income | $569.39 |
Average Cars Per Dwelling | 1.73 |
Average Properties Within 50M | 13 |
1 Bed  $423,000 |
2 Bed  $453,000 |
3 Bed  $566,000 |
4 Bed  $659,000 |
5 Bed  $756,000 |
6 Bed+$702,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Corio due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Corio leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. High density population in Corio requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Corio we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Corio a better buying opportunity than it may have been in the past.
Geelong Grammar School
Northern Bay P-12 College
St Francis Xavier School
St Thomas Aquinas School
Geelong Baptist College
(While the above schools are located with the suburb of Corio there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.2 | 14 | 27.3 | 40.6 | 88.7 | 5.4 | 25.7 |
Feb | 1.3 | 14.6 | 26.3 | 45.9 | 91.5 | 5.3 | 20.6 |
Mar | 0.9 | 13.3 | 24.6 | 46.1 | 91.9 | 5.1 | 16.0 |
Apr | 1.4 | 10.1 | 20.8 | 50.9 | 94.1 | 4.6 | 11.7 |
May | 1.5 | 7.9 | 17.7 | 56.7 | 94.6 | 4.9 | 8.3 |
Jun | 1.3 | 5.6 | 14.7 | 65.5 | 96.2 | 4.4 | 7.3 |
Jul | 0.9 | 5.7 | 14.7 | 61.7 | 94.8 | 5.0 | 7.7 |
Aug | 1.4 | 5.7 | 15.4 | 56.8 | 95.2 | 5.5 | 10.4 |
Sept | 1.5 | 6.9 | 18.2 | 49.4 | 94.9 | 5.4 | 14.4 |
Oct | 1.4 | 8.2 | 20.9 | 45.4 | 94.4 | 5.4 | 19.2 |
Nov | 2.1 | 10.5 | 23.0 | 45.3 | 94.4 | 5.3 | 21.5 |
Dec | 0.8 | 12.3 | 25.0 | 42.9 | 93.2 | 5.5 | 24.5 |
source: Australian Government Bureau of Meteorology
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