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Corio suburb profile

Corio is a northern Geelong suburb that sits where residential streets meet the working waterfront of Corio Bay, giving the area a practical, no-nonsense character. Housing ranges from modest post-war weatherboard and brick homes on generous blocks to pockets of newer infill, and the suburb tends to attract long-standing families, tradespeople and commuters who use Corio station or nearby road links to get around. Local life revolves around small shopping strips, community facilities and the foreshore, which offers open space for walking and fishing, while the adjacent industrial and port precincts are a visible part of everyday life.

Corio property market performance

Current median dwelling price$549,625Past 3 months

Property growth+18.4%Past 12 months

The median house price is $605,250 and the median unit price is $494,000. Over the last 12 months house values rose strongly, up 17.4%, while unit values rose sharply, up 19.4%; unit values rose faster than house values.

Over the last 3 months there were 70 house sales and 11 unit sales. Houses sold in a median of 15 days over the last 12 months and units in a median of 11 days, so units sold faster than houses.

The rental market in Corio recorded average house rents of $450 a week and average unit rents of $380 a week over the last 12 months. House rents rose a solid 7.1% and unit rents rose a solid 8.6% over the last 12 months, so they grew at a similar pace.

HousesUnits
Median price
Past 3 months
$605K$494K
Change in value
Past 12 months
17.4%19.4%
Sold
Past 3 months
7011
Median days on market
Past 12 months
1511
Average rent
Past 12 months
$450$380
Change in rent
Past 12 months
7.1%8.6%

5 year median price trend for houses and units

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Corio demographics

Corio is a community of 15,497 people with a median age of 35. The typical household earns $1,152 a week, roughly $60,000 a year.

Family types are mixed. Couple families with children are the largest single group at 35.9%, while couple families without children make up 31.3%. One-parent families account for 30.0% of families, and other families 2.8%. Together, couple families with and without children comprise about two-thirds of families.

Homes in Corio are more commonly owner-occupied than rented: 29.7% are owned outright and 29.0% are owned with a mortgage, giving 58.7% owner-occupied compared with 41.3% rented.

Suburbs near Corio

Some popular suburbs near Corio include:

  • Lovely Banks: Semi-rural suburb on Geelong's fringe with sweeping views.
  • Norlane: Established residential area with community parks and light industrial pockets.
  • North Shore: Industrial and residential suburb beside Corio Bay and port facilities.
  • Bell Post Hill: Leafy, elevated suburb known for reserves and hilltop outlooks.
  • Bell Park: Older residential suburb in northern Geelong with tree-lined streets.

How does Corio compare to nearby suburbs?

  • Median house prices: Corio’s median house price is 4.4% higher than Norlane’s.
  • Median unit prices: Corio’s median unit price is 14.5% lower than Bell Park’s.
  • House price growth: Over the past 12 months, house prices in Corio have grown 14.3% higher than in Lovely Banks.
  • Unit price growth: Over the past 12 months, unit prices in Corio have grown 6.3% higher than in Norlane.
  • Selling speed for houses: Properties in Corio are selling 34.8% faster than in Lovely Banks.
  • Selling speed for units: Properties in Corio are selling 8.3% faster than in Norlane.
  • Investment considerations: In Corio, the rental yield for house is 29.0% lower than the Melbourne average, while the rental yield for units is 35.6% lower.
  • House price growth: Over the past 12 months, house prices in Corio have grown 43.3% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Corio have grown 18.9% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Corio

There are 92 real estate agents in Corio, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 49.6% of all sales in the past year.

Commission rates in Corio typically range from 2% to 2.5%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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