Geelong West real estate

Bedroom counts in Geelong West run small. Homes with two bedrooms or fewer made up 37% at the 2021 Census, above the 25% across VIC, and three-bedroom homes 46%, above the 42% across VIC. Four or more bedrooms, at 16%, is below the state. The figures suggest a suburb where homes with fewer bedrooms are more common than across Victoria.

Flats or apartments account for 17% of occupied homes, above the 12% across VIC. Townhouses, terraces or semi-detached houses come to 9%, below the 14% across VIC, and separate houses to 74%, above the 73% across VIC. On Census night, 9% of private dwellings were unoccupied, below the 11% across VIC.

Renting is more common here: 40% of Geelong West households rent, above the 29% across VIC. Of those renting households, 75% rented from a landlord the ABS records as a real estate agent, above the 73% across VIC. Paying off a mortgage (30%, against 36%) and owning outright (27%, against 32%) are both below the state.

The median rent was $350 a week, below the $370 across VIC, while the median household income was $1,797 a week, above the $1,759 across VIC. Worked out on this page, that rent equals 19% of the median weekly income of all households, renters or not, below the 21% across VIC. The median mortgage repayment was $1,996 a month, above the $1,859 across VIC.

Households in Geelong West are smaller than across the state, with 2.2 people in an average household against 2.5 across VIC, so homes here held fewer people on average. The median age was 36 years, below the 38 across VIC, which suggests younger residents. At the 2021 Census, 7,345 people lived in the suburb of Geelong West. When asked where they lived in 2016, 48% of people aged five and over in Geelong West lived at the same address five years earlier, below the 54% across VIC.