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Leopold suburb profile

Leopold is a rapidly growing suburb located on the Bellarine Peninsula, just 10km east of Geelong, Victoria. Known for its family-friendly atmosphere and scenic surroundings, Leopold offers a blend of suburban comfort and rural charm. The suburb features a variety of amenities, including shopping centers, schools, and recreational facilities, making it an attractive destination for families and retirees. Its proximity to the coast and the city of Geelong provides residents with easy access to beaches and urban conveniences. With ongoing development and a strong sense of community, Leopold continues to be a popular choice for those seeking a balanced lifestyle.

Leopold property market performance

Current median dwelling price$616,875Past 3 months

Property growth+9.8%Past 12 months

Leopold’s property market has shown robust growth over the past 12 months, with house values increasing by 7.7% and unit values rising by an impressive 11.4%. The median house price over the past three months has averaged $717,500, while units have averaged $515,000, indicating strong demand across both property types.

Sales activity has been active, with 84 houses and 11 units sold in the past three months. Properties are moving quickly, with houses spending a median of 28 days on the market and units just 24 days, reflecting a competitive market environment.

The rental market in Leopold has also experienced significant growth, with house rents increasing by 8.0% and unit rents by 10.6% over the last 12 months, highlighting a strong demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$719KN/A
Change in value
Past 12 months
9.2%10.4%
Sold
Past 3 months
767
Median days on market
Past 12 months
2619
Average rent
Past 12 months
$540$460
Change in rent
Past 12 months
8.0%8.2%

5 year median price trend for houses and units

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Leopold demographics

Leopold, located in Victoria's Greater Geelong region, is a suburb that offers a blend of suburban tranquility and convenient access to urban amenities. With a population of 13,272 and a median age of 41, Leopold is a community that appeals to families and retirees alike. The suburb's family-friendly environment is evident, with 42% of households being couple families with children, and another 41.1% being couple families without children. This balance highlights Leopold's appeal to both growing families and those enjoying a quieter lifestyle.

The housing market in Leopold is characterized by a high rate of home ownership, with 38.5% of properties owned outright and 42.8% owned with a mortgage. This indicates a stable community with a strong sense of homeownership and investment in the area. Only 18.6% of properties are rented, suggesting a less transient population and a focus on long-term residency. The median total household income of $1,589 per week reflects a comfortable standard of living, supporting a lifestyle that balances work and leisure.

Leopold's proximity to Geelong provides residents with access to a range of employment, education, and recreational opportunities, while the suburb itself offers local amenities such as shopping centers, parks, and schools. The community's composition, with 15.8% of households being one-parent families and a small percentage of other family types, adds to the suburb's diverse and inclusive atmosphere. Overall, Leopold is a desirable location for those seeking a peaceful yet connected lifestyle in Victoria.

Suburbs near Leopold

Some popular suburbs near Leopold include:

How does Leopold compare to nearby suburbs?

  • Median house prices: Leopold’s median house price is 16.3% higher than Whittington’s.
  • House price growth: Property prices in nearby Curlewis have risen 3.8% more than in Leopold over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Leopold have grown 13.3% higher than in St Albans Park.
  • Selling speed for houses: Properties in Leopold are selling 36.6% faster than in Curlewis.
  • Selling speed for units: Properties in nearby Whittington are selling 26.3% faster than in Leopold.
  • Investment considerations: In Leopold, the rental yield for house is 14.3% lower than the Melbourne average, while the rental yield for units is 21.5% lower.
  • House price growth: Over the past 12 months, house prices in Leopold have grown 30.8% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Leopold have grown 10.8% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Leopold

In Leopold ,117 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 45.0% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 2.5%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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