Thinking about buying in North Geelong? Now could not be a better time, with 2652 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $750,000 with prices in this suburb ranging from $141,000 to $1,685,000. North Geelong 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 | $319.14 |
Median Monthly Mortgage | $1515.29 |
Median Persons Per Bedroom | 0.77 |
Average Household Size | 2.14 |
Average Age | 40.14 |
Average Income | $789.29 |
Average Cars Per Dwelling | 1.75 |
Average Properties Within 50M | 12 |
1 Bed  $496,000 |
2 Bed  $587,000 |
3 Bed  $771,000 |
4 Bed  $967,000 |
5 Bed  $1,035,000 |
6 Bed+$807,000 |
Consistent high demand relative to supply is a key feature in North Geelong driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 North Geelong due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in North Geelong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in North Geelong to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in North Geelong 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 North Geelong a better buying opportunity than it may have been in the past.
54 osborne av, north geelong, vic, 3215 | 3 | 1 | 1 | $680,000-$720,000 |
North Geelong Secondary College
Nelson Park School
Hamlyn Views School
St Patrick's School
Holy Family School
Western Heights Secondary College
Hamlyn Banks Primary School
Herne Hill Primary School
Bell Park North Primary School
Ashby Primary School
(While the above schools are located with the suburb of North Geelong 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 | 1.1 | 14.5 | 26.1 | 43.4 | 89.3 | 4.0 | 24.4 |
Feb | 0.9 | 14.4 | 25.8 | 44.7 | 91.2 | 3.6 | 20.1 |
Mar | 1.0 | 13.9 | 24.2 | 47.9 | 92.5 | 3.4 | 14.7 |
Apr | 1.4 | 10.8 | 21.7 | 47.8 | 93.1 | 2.8 | 11.2 |
May | 1.9 | 8.1 | 17.5 | 56.0 | 93.2 | 3.1 | 7.9 |
Jun | 1.7 | 6.3 | 14.5 | 66.2 | 95.2 | 2.8 | 6.6 |
Jul | 1.5 | 6.6 | 14.5 | 61.2 | 93.3 | 3.6 | 7.6 |
Aug | 1.7 | 6.3 | 14.9 | 57.1 | 93.8 | 3.6 | 10.0 |
Sept | 1.8 | 7.8 | 17.8 | 50.8 | 93 | 3.7 | 14.4 |
Oct | 1.4 | 9.2 | 19.9 | 46.7 | 92.7 | 3.8 | 18.3 |
Nov | 1.3 | 10.8 | 21.9 | 46.4 | 92.7 | 3.7 | 22.3 |
Dec | 1.2 | 12.7 | 24.5 | 44.3 | 91.2 | 3.8 | 25.1 |
source: Australian Government Bureau of Meteorology
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!