Corio is situated on the outskirts of Geelong, south-west of Melbourne, around 60 kilometres from the CBD. It is popular with families seeking both a central and affordable lifestyle that is easily accessible to the city of Geelong, the surf coast & the freeway to Melbourne CBD whenever they need to. Because of its location between the two largest cities in Victoria – and its affordability – Corio is very popular with investors who enjoy rent returns unmatched by most areas in Victoria. We also see buyers from all walks of life and age group moving to the area including first home buyers, young families, singles, couples and retirees.
There has been steady population growth over recent years – in 2006, 14,924 people lived in the suburb. This increased to 15,118 just five years later.
A large proportion of properties in Corio are owner-occupied – 60.9 per cent in 2015 – with 34.6 per cent of residents renting their home, there are plenty of rental prospects for anyone thinking of moving to the region.
On top of that, realestate.com.au provided the following information as of January 2015 in relation to median house cost & median house rent which proves Corio to be very favourable amongst investors.
Among the benefits of living in Corio is its access to facilities, as well as a fantastic location between the 2 largest cities in Victoria; Melbourne & Geelong. It is found less than 10 kilometres or 15 minutes from Geelong, at the gateway of the famous surf coast & Great Ocean Road via the Geelong ring road – so enjoying the great outdoors and finding the services you need go hand in hand.
There’s something for everyone
Corio is a place where anyone can feel at home. The lifeblood of the area is Corio Village, where you will find a large shopping centre with both Coles & Woolworths supermarkets, Kmart, a host of cafes and retailers, travel agency, pharmacies, newsagency, post office, banks, apparel stores, centrelink and medical facilities. Corio Village hosts shoppers from most surrounding suburbs, whose only other choice is to travel into the city or out to the Waurn Ponds shopping precinct to get a similar, all-in-one shopping experience. Parking is free and aplenty.
Also close by is the Corio train station making life very easy for commuters.
Many families choose to raise children in the area, thanks to its provision of schools and outdoor spaces ensuring your children fit right into their new surroundings. For pre-school aged kids, there are many kindergartens, day care centres & play groups. For school aged children, there are primary and secondary schools & a great public transport system for kids travelling to inner suburbs.
Close-by, Avalon Airport has become a major player in air travel with a view to further expand their international sector. A rail link from Melbourne, directly to Avalon airport, will make Avalon more easily accessible and bring more job opportunities and growth to the area.
Corio Norlane Community Planning
There has been a lot of work done in the Corio and Norlane areas over the past 10 years ranging from urban renewal projects to school regeneration. Strategic direction for the future provision of community services such as childcare, preschools, libraries, neighbourhood houses, youth facilities and community halls.
Corio Norlane Structure Plan
The work in Corio & Norlane has seen a regeneration of public and private housing where properties that were originally government public housing, were demolished and re-built into 160 public & 160 private, modern, 6 star energy rated houses. The public housing is offered to working families earning up to $90,000 per annum, to purchase from the government at little to no interest. The aim being, to bring more of a working-class demographic to the area.
The Corio Norlane Structure Plan was adopted by Council in July 2012.The plan has been developed in partnership with the Victorian Government and sets a vision and strategic framework for land use and development in Corio and Norlane.
The plan will also be used by Council, State and Federal Government departments and agencies and non-government organisations as a basis for planning and investment decisions, as well as funding submissions.
Northern Arc Health & Wellbeing Hub
The City of Greater Geelong has endorsed the Northern ARC Master Plan which will create a vibrant community precinct over the next 15 years. This hub will include a new health facility being funded by the State Government and new Waterworld, Centenary Hall and Corio Library facilities. The Northern ARC site will be a significant community landmark and asset for northern Geelong providing residents with a central meeting place and integrated site for arts, recreation, community and health services.
For more information, visit this website Northern Arc Health & Wellbeing Hub
Choosing property in Corio
Regardless of the type of property you have your eye on; Corio has a number of options that are sure to suit your needs.
There are many pockets of Corio that continuously prove popular among buyers. Being close to the village is always a major drawcard and then only 1km in all directions, you can find newer family homes. One thing is for sure though, wherever you buy in Corio, the block sizes are always generous making it popular for developers, investors and savvy first home buyers.