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<\/p>\nHEADER: Suburb Profile: Corio<\/p>\n
The size of Corio is approximately 19.1 square kilometres and has 36 parks covering nearly 8.8% of total area.<\/p>\n
The population of Corio in 2016 was 15,298 and by the 2021 Census the population was recorded at 15,497 showing a population growth of 1.3% in the area during that time.<\/p>\n
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.<\/p>\n
The suburb has a vast array of public parks, reserves, community facilities and infrastructure making Corio popular with young families.<\/p>\n
It is thought that the bay was named after an Aboriginal expression meaning sandy cliffs (of the bay) or small marsupial.<\/p>\n
In 1851-52 subdivided land was sold at Cowies Creek, in anticipation of a town forming around a future port at the mouth of the creek.<\/p>\n
A township with two hotels, a Common school and a post office, and a scattered population of about 500 persons, emerged by the mid-1860s.<\/p>\n
The name Cowie was given to a railway station, since renamed Corio, 3 km north.<\/p>\n
When the Geelong Grammar School moved to its new buildings in 1914, further around Corio Bay, Cowie and Corio were at first interchangeable.<\/p>\n
By the mid-1920s Corio had displaced Cowie as a name, and the area around Cowies Creek became North Shore.<\/p>\n
The industrialisation of Corio Bay began at the turn of the century around the mouth of Cowies Creek.<\/p>\n
As Geelong North and North Shore were occupied, land at Corio was taken in the postwar years.<\/p>\n
The largest development was the Shell Oil Refinery (1956) and by 1973 the Corio Village shopping centre has a discount department store, two supermarkets and over 90 other shops.<\/p>\n
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The Princes Highway runs south-west through Corio, dividing the refinery area on the beach side from Corio’s residential area.<\/p>\n
The Bacchus Marsh Road runs from north to south through Corio and, since 2009, Princes Freeway\/Ring Road has encircled Corio’s north and west sides.<\/p>\n
During the planning and construction of the Ring Road several warehouse-type shopping areas have opened along the old Princes Highway, including Homemaker and Bunnings.<\/p>\n
CoreLogic data indicates that the predominant age group in Corio is 10-19 years with households in Corio being primarily couples with children and are likely to be repaying on average $1,300 per month on mortgage repayments, and in general, people in Corio work in a labourer occupation.<\/p>\n
TIDBIT:<\/p>\n
In 1851-52 subdivided land was sold at Cowies Creek, in anticipation of a town forming around a future port at the mouth of the creek<\/p>\n
<\/p>\n
Population: 15,497<\/p>\n
Male: 49.4%<\/p>\n
Female: 50.6%<\/p>\n
Median age: 35<\/p>\n
5 year population change: 1.3%<\/p>\n
House median sales price: $480,000<\/p>\n
Change in median price: (5yrs) 31.5%<\/p>\n
Median asking rent per week: $395<\/p>\n
Average length of ownership: 13 years<\/p>\n
Owner occupiers: 61%<\/p>\n
<\/p>\n
Renters: 39%<\/p>\n
House median value:<\/p>\n
April 2024: $483,000<\/p>\n
April 2023: $491,600<\/p>\n
April 2022: $525,500<\/p>\n
April 2021: $432,000<\/p>\n
<\/p>\n
April 2020: $376,300<\/p>\n
House sales per annum:<\/p>\n
Period ending April 2024: 225<\/p>\n
Period ending April 2023: 250<\/p>\n
Land median sale price:<\/p>\n
April 2024: N\/A<\/p>\n
April 2023: N\/A<\/p>\n
Land sales per annum:<\/p>\n
Period ending April 2024: 2<\/p>\n
Period ending April 2023: 19<\/p>\n","protected":false},"excerpt":{"rendered":"
HEADER: Suburb Profile: Corio The size of Corio is approximately 19.1 square kilometres and has 36 parks covering nearly 8.8% of total area. The population of Corio in 2016 was 15,298 and by the 2021 Census the population was recorded at 15,497 showing a population growth of 1.3% in the area during that time. Corio […]<\/p>\n