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<\/p>\nSuburb Profile: Clifton Springs<\/p>\n
The size of Clifton Springs is approximately 6.2 square kilometres and has 12 parks covering nearly 15% of total area.<\/p>\n
The population of Clifton Springs in 2016 was 7,523 and by the 2021 Census the population was recorded at 7,646 showing a population growth of 2% in the area during that time.<\/p>\n
The demand for property in this Northern Bellarine town has been steadily growing in while the value of real estate has been following suit, seeing over an 40% increase in property prices in the last 5 years.<\/p>\n
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Bounded by the bay, Drysdale, and the rapidly developing community of Curlewis to the west, Clifton Springs has become a vibrant younger community benefiting from its convenient positioning to Geelong and all the Bellarine has to offer.<\/p>\n
Clifton Springs was named after a speculative township between Point Henry and Moolap, laid out in 1849, about midway between Geelong and Clifton Springs.<\/p>\n
In 1870 the discovery of mineral springs north of Drysdale (ie at Clifton Springs) was announced, close to the beach below the Bellarine hillsides.<\/p>\n
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A bottling plant was installed in 1875, and in 1880 a company was formed to develop the site.<\/p>\n
A railway from Geelong to Queenscliff, with a station at Drysdale, had opened the year before.<\/p>\n
An elaborate hotel opened in 1888 which burnt down in 1923, and a jetty was constructed in 1890 welcoming passengers from bay steamers.<\/p>\n
CoreLogic data indicates that the predominant age group in Clifton Springs is 50-59 years with households in Clifton Springs being primarily young families and retirees who are likely to be repaying on average $1,517 per month on mortgage repayments, and in general, people in Clifton Springs work in a trades occupation.<\/p>\n
AGENT PERSPECTIVE:<\/p>\n
\u201cClifton Springs has enjoyed a strong start to the year with better numbers across open homes and a lower average days on market than 2023.<\/p>\n
\u201cDemand continues to increase across most price-points and is starting to catch up with the oversupply from late last year, which should produce price growth during the next six months.\u201d<\/p>\n
Lee Martin \u2013 Bellarine Property<\/p>\n
TIDBIT:<\/p>\n
An elaborate hotel opened in 1888 which burnt down in 1923<\/p>\n
Population: 7,646<\/p>\n
Male: 48.7%<\/p>\n
Female: 51.3%<\/p>\n
Median age: 48<\/p>\n
5 year population change: 2%<\/p>\n
House median sales price: $675,000<\/p>\n
Change in median price: (5yrs) 40.6%<\/p>\n
Median asking rent per week: $460<\/p>\n
Average length of ownership: 12 years<\/p>\n
Owner occupiers: 81%<\/p>\n
Renters: 19%<\/p>\n
House median value:<\/p>\n
February 2024: $727,200<\/p>\n
February 2023: $719,800<\/p>\n
February 2022: $782,000<\/p>\n
February 2021: $615,600<\/p>\n
February 2020: $524,700<\/p>\n
House sales per annum:<\/p>\n
Period ending February 2024: 135<\/p>\n
Period ending February 2023: 156<\/p>\n
Land median sale price:<\/p>\n
February 2024: $440,000<\/p>\n
February 2023: $448,000<\/p>\n
Land sales per annum:<\/p>\n
Period ending February 2024: 11<\/p>\n
Period ending February 2023: 9<\/p>\n","protected":false},"excerpt":{"rendered":"
Suburb Profile: Clifton Springs The size of Clifton Springs is approximately 6.2 square kilometres and has 12 parks covering nearly 15% of total area. The population of Clifton Springs in 2016 was 7,523 and by the 2021 Census the population was recorded at 7,646 showing a population growth of 2% in the area during that […]<\/p>\n