Geelong

GEELONG, VIC 3220 is a bustling suburb with a total population of 5811. The area has experienced consistent population growth over the years, with a mix of age groups represented. Residents enjoy a median weekly household income of $1,670. The suburb provides various commuting options, with a significant number of residents working from home. The educational advantage of students in government schools is moderate, with an ICSEA percentile of 42.5. The House market in GEELONG, VIC 3220 is characterised by a diverse range of occupiers, including professionals and technicians/tradeworkers. With a high market absorption rate and low vacancy rate, it presents opportunities for property developers interested in investing in housing development projects. On the other hand, the Unit market features a high percentage of rented properties, indicating a strong demand for rental accommodation. Investors may find potential in purchasing units for rental income. GEELONG, VIC 3220 offers residents a vibrant community with access to various amenities and transport options. Investors in the housing market may benefit from the high demand for housing units and potential for development projects. Homeowners looking to live in the suburb can expect a diverse demographic mix and a range of housing options to suit different preferences. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022