Norlane, VIC 3214
Compare Part of Greater Geelong
61.62 km
Distance from Melbourne CBD
24 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $165,000 | 0.0% | $117,000 | $397,500 | 90 |
| 2010 | $203,000 | +18.7% | $147,000 | $430,000 | 118 |
| 2011 | $202,500 | -0.2% | $99,000 | $565,000 | 143 |
| 2012 | $205,000 | +1.2% | $140,000 | $356,000 | 109 |
| 2013 | $206,000 | +0.5% | $150,000 | $400,000 | 201 |
| 2014 | $215,000 | +4.2% | $132,000 | $432,500 | 139 |
| 2015 | $220,000 | +2.3% | $80,000 | $490,000 | 158 |
| 2016 | $236,500 | +7.0% | $65,700 | $450,000 | 184 |
| 2017 | $290,000 | +18.4% | $167,000 | $455,000 | 180 |
| 2018 | $355,000 | +18.3% | $208,000 | $925,000 | 187 |
| 2019 | $350,000 | -1.4% | $220,000 | $577,500 | 172 |
| 2020 | $372,000 | +5.9% | $239,000 | $587,000 | 121 |
| 2021 | $452,000 | +17.7% | $240,000 | $670,000 | 226 |
| 2022 | $480,000 | +5.8% | $281,000 | $732,000 | 152 |
| 2023 | $452,500 | -6.1% | $300,000 | $850,000 | 117 |
| 2024 | $465,000 | +2.7% | $351,000 | $600,000 | 36 |
Median Sale Price
$455K
Based on 118 recorded sales within the last 12 months
Updated on 24 Apr 2024
Suburb Growth
-2.2%
Current Median Price: $455,000
Previous Median Price: $465,000
Based on 247 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $239 | 0.0% | $180 | $310 | 135 |
| 2012 | $240 | +0.4% | $170 | $360 | 149 |
| 2013 | $240 | 0.0% | $180 | $350 | 218 |
| 2014 | $240 | 0.0% | $170 | $450 | 167 |
| 2015 | $240 | 0.0% | $160 | $390 | 279 |
| 2016 | $245 | +2.0% | $180 | $370 | 292 |
| 2017 | $260 | +5.8% | $190 | $430 | 268 |
| 2018 | $270 | +3.7% | $190 | $461 | 226 |
| 2019 | $285 | +5.3% | $210 | $450 | 228 |
| 2020 | $290 | +1.7% | $200 | $420 | 209 |
| 2021 | $320 | +9.4% | $180 | $510 | 195 |
| 2022 | $350 | +8.6% | $180 | $595 | 240 |
| 2023 | $360 | +2.8% | $150 | $650 | 225 |
| 2024 | $380 | +5.3% | $320 | $550 | 46 |
Median Rent Price
$370
per week
Based on 215 recorded rent within the last 12 months
Updated on 24 Apr 2024
Rent Price Growth
+5.4%
Current Median Rent: $370
Previous Median Rent: $350
Based on 434 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $455,000
Current Median rent: $370
Based on 333 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Norlane
Houses sold in Last 12 months ends 20 Apr 2024
$450K
Median Sale Price
100%
Clearance Rate
23/23
Sold/Reported
$540K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $400 K - $600 K (Median Price Range) | 16 | |
| less than $400 K | 6 | |
Similar Suburbs to Norlane 3214
Based on median house sale price sold in last 12 months
Schools closest to Norlane, VIC 3214
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| St Thomas Aquinas Catholic School | 51 PLUME STNORLANE 3214 | Primary | Catholic | 1.08 km |
| North Geelong Secondary College | 86-132 SEPARATION STREETNorth Geelong 3215 | Secondary | Government | 2.03 km |