Corio, VIC 3214 - Suburb Profile & Local Reviews - Homely (2024)

FAQs

Is Corio a good suburb? ›

"Great Place to live with good growth potential"

Corio is a great place to live without having to give up most of your income to mortgage repayments and actually enjoy life.

The residential areas surrounding central Geelong are a beautiful place to live. There are multiple parks to enjoy and an easy stroll to the foreshore and cbd restaurants. It feels very safe. Parking is still easy enough but you will need street permits too as any all daybparks are taken by city workers.

Norlane in Geelong has topped a list of disadvantaged small areas in the state. Data shows residents have nearly double the statewide average of mental health conditions, while household income is about half of the state average.

More than 180 houses were traded in Newtown in the past year, including a rise in the number of sales in autumn. The city's five most expensive suburbs in July were Newtown ($1m), South Geelong ($950,000), Geelong ($902,000), Manifold Heights ($870,000) and Wandana Heights ($868,000).

The most notable industry in Corio is the Geelong Oil Refinery, which opened in 1956 by Shell Australia.

Due to its closeness to Melbourne, the Greater Geelong area is reaping immense benefits, and as a result, the area is host to seven of the state's most expensive suburbs, according to REIV CEO Gil King.

Rental costs in Geelong are generally lower than other cities like Melbourne and Sydney. Private rent ranges from AUD$120 - $150 per week for a single room in a share house. If you prefer to live alone, the average cost to rent a private apartment, unit or house is AUD$250 or more per week.

Geelong is well-resourced for jobs, with attainable real estate, a great lifestyle on offer with things to do and great places to eat and drink.

The most dangerous suburbs for assaults were Geelong (291 incidents), Norlane (254) and Corio (204). Torquay (73) and Whittington (71) were also high on the list. There 59 reported assaults on emergency workers in Geelong, 14 in Corio and 13 in Norlane.

Corio - City of Greater Geelong. Corio is one of Geelong's largest and most diverse suburbs, spreading from the Shell Oil Refinery west into residential areas and north along the coast of Corio Bay.

Is North Geelong a good place to live? ›

North Geelong

This suburb's community is friendly and ideal for young families looking for good neighbours. In this suburb, you can enjoy a modern life with modern facilities while living away from city traffic.

Besides Geelong, it includes Avalon, Bell Park, Bell Post Hill, Belmont, Breakwater, Corio, Drumcondra, Fyansford, East Geelong, North Geelong, South Geelong, Geelong West, Hamlyn Heights, Herne Hill, Highton, Lara, Lovely Banks, Manifold Heights, Moolap, Newcomb, Norlane, North Shore, Portarlington, St Albans Park, ...

The Median Growth in Corio over the past 12 months is -6.25 % for houses and 0.00 % for units.

Among some of the best growth suburbs are Belmont, Corio and St Albans Park, racking up the highest numbers by popular choice. Additionally, other smaller towns in Regional Victoria have also been experiencing significant growth in property prices, with these increases reported from as early as August 2020.