OA Logo Green
search icon

Get a property report and suburb profile for any property in Norlane

Join the 2.6 million Australians* who use our services every year.

Geo Page

Norlane suburb profile

Norlane is a working-class, mainly residential suburb in Geelong's northern suburbs, characterised by broad, flat streets and a predominance of modest post-war single-storey homes and later brick houses. The suburb sits beside light industrial and commercial areas so many residents work locally, and there are clear pockets of older public and community housing. Local life centres on a compact shopping strip, community facilities, sports ovals and neighbourhood parks, while nearby bus services and access to the Geelong rail line link residents with the city and surrounding employment precincts. It tends to appeal to families and tradespeople seeking practical, affordable housing close to work and services.

Norlane property market performance

Current median dwelling price$541,250Past 3 months

Property growth+13.9%Past 12 months

House values have risen sharply, up 14.7% over the last 12 months to a median house price of $580,000. The suburb has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. Unit values rose sharply as well, up 13.0% over the last 12 months, so both property types increased at a similar pace.

Over the last 3 months 43 houses and 4 units were sold. Over the last 12 months the median days on market was 24 for houses and 12 for units, so units sold more quickly than houses.

The rental market in Norlane recorded average house rents of $420 over the last 12 months, up a solid 5.0%, while average unit rents were $395, up a slight 1.3%. House rents grew faster than unit rents.

HousesUnits
Median price
Past 3 months
$580KN/A
Change in value
Past 12 months
14.7%13.0%
Sold
Past 3 months
434
Median days on market
Past 12 months
2412
Average rent
Past 12 months
$420$395
Change in rent
Past 12 months
5.0%1.3%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Norlane demographics

Norlane is a community of 8,682 people with a median age of 37. The median total household income is $909 a week, roughly $47,300 a year.

Family arrangements are varied. One-parent families are the largest family type at 36.2% (728 families), while couple families without children account for 31.5% (633) and couple families with children 28.1% (564). Other families make up 4.2% (84) of the reported families.

Homes in Norlane are more often rented than owner-occupied: 56.7% of dwellings are rented, compared with about 43.3% that are owner-occupied (24.3% owned outright and 19.0% owned with a mortgage).

Suburbs near Norlane

Some popular suburbs near Norlane include:

  • North Shore: industrial suburb beside Corio Bay with foreshore open space.
  • Corio: longstanding residential neighbourhood with coastal foreshore and community facilities.
  • Bell Park: leafy residential suburb with parks and a village shopping strip.
  • Lovely Banks: semi-rural suburb of rolling hills with country-style blocks and outlooks.
  • Bell Post Hill: tree-lined suburb with several well-kept reserves and green spaces.

How does Norlane compare to nearby suburbs?

  • Median house prices: Norlane’s median house price is 4.2% lower than Corio’s.
  • Median unit prices: Norlane’s median unit price is 14.8% lower than Corio’s.
  • House price growth: Over the past 12 months, house prices in Norlane have grown 15.2% higher than in North Shore.
  • Unit price growth: Over the past 12 months, unit prices in Norlane have grown 5.9% higher than in Bell Park.
  • Selling speed for houses: Properties in nearby Corio are selling 37.5% faster than in Norlane.
  • Selling speed for units: Properties in nearby Corio are selling 8.3% faster than in Norlane.
  • Investment considerations: In Norlane, the rental yield for house is 33.8% lower than the Melbourne average, while the rental yield for units is 33.1% lower.
  • House price growth: Over the past 12 months, house prices in Norlane have grown 48.3% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Norlane have grown 24.9% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Norlane

Choosing the right real estate agent in Norlane can have a big impact on your sale. While there are 62 real estate agents working in the suburb, but just 5 of them were responsible for 61.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 2.5%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

Geo Page

Get a head start and compare top local agents in Norlane

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron