Suburb_Report_Geelong_West_VIC_3218_06-08-2020

Suburb Report

Geelong West VIC 3218

Prepared on 06 August 2020
Prepared for David McGuinness
Prepared by David McGuinness
Phone 0412646009
Email [email protected]

Suburb Report

Geelong West VIC 3218

65km

Distance from GPO

7.0k

Population

4.4%

5 year population change

11 years

Average length of ownership

The size of Geelong West is approximately 2.3 square kilometres. It has 3 parks covering nearly 2.3% of
total area. The population of Geelong West in 2011 was 6,682 people. By 2016 the population was 6,976
showing a population growth of 4.4% in the area during that time. The predominant age group in
Geelong West is 20-29 years. Households in Geelong West are primarily couples with children and are
likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong
West work in a professional occupation. In 2011, 58.5% of the homes in Geelong West were owner-
occupied compared with 57.4% in 2016. Currently the median sales price of houses in the area is
$677,500.

Total dwellings Total new listings* Median Value Total number currently
listed
2,475 112 $702,354
21

888 40 $453,486 16

*Total number of unique properties listed for sale over the past 12 months.

06 August 2020 Page 2

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.

Suburb Report

Geelong West VIC 3218

Houses: For Sale

Number Sold vs. Median Value (monthly)

Change in Median Value Median Days on Market vs. Median Vendor Discount

$$$ $845,000 The 75th percentile sale price of sales over the past 12 months within the
suburb.
Upper Quartile Price*
$677,500 The middle sale price of all transactions recorded over the past 12 months
$$ within the suburb. Note that sale prices lower than $10,000 and higher
than $80,000,000 are excluded from the analysis.
Median Price*

$ $608,750 The 25th percentile sale price of sales over the past 12 months within the
suburb.
Lower Quartile Price*

*Statistics are calculated over a rolling 12 month period

06 August 2020 Page 3

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.

Suburb Report

Geelong West VIC 3218

Houses: Market Activity Snapshot

On The Market Recently Sold

62 6
BEDROOMS

56 Weller Street Geelong - 202 Shannon Avenue 1
West VIC 3218 1 Geelong West VIC 3218 1
331m2
Listed on 04 Aug 2020 Sold on 24 Jun 2020
$720,000 - $750,000 1 $520,000
1
79 Isabella Street Geelong 420m2 321m2
West VIC 3218
47 Waratah Street Geelong 1
Listed on 03 Aug 2020 West VIC 3218 1
AUCTION
Sold on 01 Jun 2020
$676,000

377m2

83 36
BEDROOMS

58 Trigg Street Geelong 2 33 Hope Street Geelong -
West VIC 3218 West VIC 3218 2
319m2
Listed on 31 Jul 2020 1 Sold on 25 Jul 2020
281m2 $644,000* 2
Price by Negotiation $485,000 1
- $529,000 4 Waratah Street Geelong 923m2
West VIC 3218
17 Waratah Street Geelong 1
West VIC 3218 1 Sold on 20 Jul 2020
$815,000*
Listed on 30 Jul 2020
$965,000 - $995,000

397m2

54 11
BEDROOMS
47 Elizabeth Street
87 Isabella Street Geelong 2 Geelong West VIC 3218 4
West VIC 3218 2 2
Sold on 22 Jul 2020 579m2
Listed on 28 Jul 2020 $0
AUCTION -
180 Autumn Street 2
558m2 Geelong West VIC 3218 841m2

55 Oconnell Street Geelong 2 Sold on 27 Jun 2020
West VIC 3218 1 $995,000

Listed on 28 Jul 2020
$859,000 - $889,000

601m2

= number of houses currently On the Market or Sold within the last 6 months Page 4
*Agent advised
06 August 2020

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.

Suburb Report

Geelong West VIC 3218

Units: For Sale

Number Sold vs. Median Value (monthly)

Change in Median Value Median Days on Market vs. Median Vendor Discount

$$$ $639,000 The 75th percentile sale price of sales over the past 12 months within the
suburb.
Upper Quartile Price*
The middle sale price of all transactions recorded over the past 12 months
$$ $450,000 within the suburb. Note that sale prices lower than $10,000 and higher
than $80,000,000 are excluded from the analysis.
Median Price*
The 25th percentile sale price of sales over the past 12 months within the
$ $317,500 suburb.

Lower Quartile Price*

*Statistics are calculated over a rolling 12 month period

06 August 2020 Page 5

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.

Suburb Report

Geelong West VIC 3218

Units: Market Activity Snapshot

On The Market Recently Sold

3 1 1 1
1
66 Elizabeth Street BEDROOMS 3/139 Weller Street 75m2
Geelong West VIC 3218 Geelong West VIC 3218
1
Listed on 31 Jul 2020 1 Sold on 27 Feb 2020
Contact Agent 354m2 $262,500

107/12 Bowlers Avenue 1
Geelong West VIC 3218 1
-
Listed on 25 Jul 2020
FROM $420,000

62 6
BEDROOMS
1/46 Clarence Street
2/92 Clarence Street 1 Geelong West VIC 3218 1
Geelong West VIC 3218 1
Sold on 05 Jun 2020 85m2
Listed on 01 Aug 2020 1 $360,000*
146m2 1
Price by Negotiation $479,000 4/162 Autumn Street 1
- $509,000 Geelong West VIC 3218 90m2

1/47 Collins Street Geelong 1 Sold on 30 May 2020
West VIC 3218 1 $405,000

Listed on 31 Jul 2020
$339,000 to $369,000

120m2

7 3 5

6/48-50 Britannia Street BEDROOMS 8/48-50 Britannia Street 2
Geelong West VIC 3218 Geelong West VIC 3218 2
2 235m2
Listed on 03 Aug 2020 2 Sold on 26 Jun 2020
$659,000 - $679,000 225m2 Not Disclosed 2
2
12 Bowlers Avenue 2 2/114-116 Isabella Street 157m2
Geelong West VIC 3218 2 Geelong West VIC 3218
2,360m2
Listed on 31 Jul 2020 Sold on 28 May 2020
$726,000 $718,500

= number of units currently On the Market or Sold within the last 6 months Page 6
*Agent advised
06 August 2020

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.

Suburb Report Indicative Gross Rental Yield (12 months)

Geelong West VIC 3218

Houses: For Rent

Median Asking Rent (12 months)

Houses: Rental Activity Snapshot

For Rent

82
BEDROOMS

46 Elizabeth Street 99 Clarence Street Geelong
Geelong West VIC 3218
1 West VIC 3218 1
Listed on 27 Jul 2020 1
$450/W 294m2 Listed on 25 Jul 2020 1
$280/W

525m2

26 3

BEDROOMS

26 Hope Street Geelong - 12 Raven Street Geelong 2
West VIC 3218 1 West VIC 3218 1
344m2 454m2
Listed on 03 Aug 2020 Listed on 03 Aug 2020
$380/W $380/W

24
BEDROOMS

2/2 Donaghy Street 2 41 McDougall Street 1
Geelong West VIC 3218 2 Geelong West VIC 3218 2
261m2 385m2
Listed on 28 Jul 2020 Listed on 20 Jul 2020
$590/W $550/W

= number of houses observed as On the Market for Rent within the last month

06 August 2020 Page 7

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.

Suburb Report Indicative Gross Rental Yield (12 months)

Geelong West VIC 3218

Units: For Rent

Median Asking Rent (12 months)

Units: Rental Activity Snapshot

For Rent

11
BEDROOMS

6/1 French Street Geelong 1
West VIC 3218 1
59m2
Listed on 22 Jul 2020
$240/W

21 2

1 BEDROOMS
1
3/55 Gertrude Street 107m2 1/81 Weller Street Geelong 1
Geelong West VIC 3218 West VIC 3218 1
198m2
Listed on 04 Aug 2020 Listed on 04 Aug 2020
$340/W $395/W

10 3

1 BEDROOMS
2
14/10-12 Britannia Street 323m2 1/52 Clarence Street 1
Geelong West VIC 3218 Geelong West VIC 3218 1
253m2
Listed on 04 Aug 2020 Listed on 03 Aug 2020
$450/W $375/W

= number of units observed as On the Market for Rent within the last month

06 August 2020 Page 8

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.

Suburb Report

Geelong West VIC 3218

DISCLAIMER

Copyright
This publication reproduces materials and content owned or licenced by CoreLogic and may include data, statistics, estimates,
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Data).

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the
accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage
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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at
http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5
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Mapping Data
A map showing an area or boundaries of a property is indicative only and may not be complete or accurate.

State and Territory Data
The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the
consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant
the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the
basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the
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06 August 2020 Page 9

© Copyright 2020 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsistin
g in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is de
emed reliable but not guaranteed.