Unit 1,
213 PURNELL ROAD Lovely Banks VIC 3213

About Corio - Norlane

With an average age of 30, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $300. The average family earns a weekly income of $1,970 with a typical household size of 2.8 and a 95.75% 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 Lovely Banks 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 Lovely Banks 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 Lovely Banks 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 Lovely Banks 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 Lovely Banks 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 South Geelong Little River North Shore Winchelsea

General Points of Interest

Goodfellow Aquatic Centre Beckley Park International Raceway Geelong Golf Club Waterworld Leisure Centre Leisuretime Sports Precinct Labuan Square Korean War Memorial War Memorial Malaya Borneo Veterans Memorial Gheringhap Tennis Reserve

Population

(Country of Birth not stated 4%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Matthew Flinders Girls Secondary College Northern Bay P-12 College

• St Thomas Aquinas School

  Norlane, VIC, 3214 Independent Prep-6

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• Geelong Baptist College

  Lovely Banks, VIC, 3213 Independent Prep-12

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• Northern Bay P-12 College

  Corio, VIC, 3214 State Prep-12

  NAPLAN

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• St Francis Xavier School

  Corio, VIC, 3214 Independent Prep-6

  NAPLAN

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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