Unit 1,
501 THOMPSON ROAD Norlane VIC 3214

About Corio - Norlane

With an average age of 44, households expect an average monthly mortgage payment of $1,265 or a weekly rent payment of $300. The average family earns a weekly income of $1,430 with a typical household size of 2.2 and a 96.43% employment rate.

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 Norlane 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 Norlane 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 Norlane 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 Norlane 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 Norlane a better buying opportunity than it may have been in the past.

Public Transport

Marshall Wyndham Vale Port Phillip Ferries (Portarlington-Docklands) Waurn Ponds Port Phillip Ferries (Geelong-Docklands) Geelong Queenscliff - Sorrento Ferry South Geelong Little River North Shore

General Points of Interest

Barwon Valley Golf Course Geelong Lawn Tennis Club Geelong Racecourse Belmont Village Barrabool Hills Plaza Leisuretime Sports Precinct Geelong Aquatic Centre Korean War Memorial War Memorial Queens Park Golf Course

Population

(Country of Birth not stated 7%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Northern Bay P-12 College Matthew Flinders Girls Secondary College

Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website