SUBURB PROFILE: GEELONG WEST

Geelong West has grown into the cosmopolitan pocket of Geelong, with its mix of culturally diverse restaurants and boutique shops.

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SHOPPING & FOOD

People love the main street and hub of our neighbourhood, Pakington Street. The shop-lined street has become synonymous with great coffee, food and boutique shopping, with arguably some of Geelong’s best restaurants and cafés. Eateries available range from modern cafés to high-end dining, and Pakington Street is home to great joints such as 63 Degrees, Tulip Bar & Restaurant, and Pakington Pantry.

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Source: http://www.tuliprestaurant.com.au/gallery/

Around late February, the Pako Festa is a festival in Pakington Street held annually. The festival is held to promote cultural diversity and show appreciation for the fashion and artwork designed by residents of the Geelong area. A great family event, Pako Festa attracts tourists to sample the many food experiences on offer, enjoy some great sidewalk shopping and listen to some fantastic live music in an entertaining and lively atmosphere.

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Source: https://www.pakofesta.com.au

Pakington Street has become a shopping destination with name brand shops alongside trendy boutiques offering clothing giftware, beauty, and children’s wear stores, such as Seed and Navaho.

SCHOOLS

Geelong West hosts 2 kindergarten centres, as well as one Catholic school, St Patrick’s School, and one public primary school, Ashby Primary School. There are also a range of public and private secondary schooling options within 5km, such as Clonard College.

PARKS

West Park, located near Pakington Street, has exceptional BBQ facilities, stunning gardens and a memorial. Sparrow Park also has an excellent children’s playground, BBQ and recreation facilities.  The Geelong West Giants football and netball club is popular in the local community and has a strong junior development academy for kids to play netball or football at all levels.

 

TRANSPORT

Geelong West is well serviced by Bus and Taxi services. The closest train station to Geelong West is Geelong Station, and the ride into Melbourne takes approximately 1 hour.

INVESTMENT REPORT

Investment property in Geelong West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.95%.

Data for the last quarter indicates that in the short term at least, the capital value growth rate for property investors in Geelong West has increased when compared to the 5-year average annual rate.

Property investors should expect to get approximately $350 weekly from the median priced house in this suburb, and the median property price is valued at $525,000.

SUBURB DEMOGRAPHICS

The majority of residents have a social marital status of not married, (49.4%) with 17.6% of Geelong residents within the 25 – 34 age group.

Statistics show that the suburb consists of 39% families and 61% singles.

 

Written by Jason Barnett and Renaissa Tee