Town by town snapshot: Indented Head

April 29, 2021 BY

The 'Ozone' steel paddle steamer was sunk as a breakwater in 1925

The size of Indented Head is approximately 4.1 square kilometres and has 4 parks covering nearly 6.2% of total area.

The population of Indented Head in 2011 was 920 people and by the 2016 Census the population was 1,127 showing a population growth of 22.5% in the area during that time.

This 4 bedroom Indented Head home built in 2010 sold recently for $650,000.

 

This Bellarine Peninsular settlement has been a standout performer for those who have owned property for some time as values have increased by over 60% in the last five years.

Indented Head was named by Captain Matthew Flinders when exploring Port Phillip Bay in the ship ‘Investigator’ (1802).

Landing on the east side of the bay he ascended Arthurs Seat and observed on the opposite side of the bay the Bellarine Peninsula with the indented coastline which he named Indented Head.

The place was again noted in 1803 when Lieutenant Tuckey explored the bay.

He was a member of the contingent which unsuccessfully settled at Sorrento (It was from this contingent that the convict, William Buckley, absconded, and he crossed to the Bellarine Peninsula).

Until the 1850’s several pastoralists occupied the Indented Head area and a Road Board for the Portarlington district was enlarged eastwards on 29 October 1860 and renamed the Indented Head Road District with an area that held about 3300 people.

CoreLogic data indicates that the predominant age group in Indented Head is 60-69 years with households in Indented Head being primarily childless couples and are likely to be repaying $1,400 – $1,799 per month on mortgage repayments, and in general, people in Indented Head work in a professional occupation

In 2011, 72.1% of the homes in Indented Head were owner-occupied compared with 73% in 2016.

AGENT PERSPECTIVE:
“Indented Head is “The Hidden Gem” of the Bellarine boasting pristine beaches with views across to the city and the Mornington Peninsula provide the ultimate location for retirement or holiday getaway.
“Albeit limited in supply, Indented Head has something to suit every buyer, Esplanade front, established beach houses, new estates, and lifestyle acreage properties.
“Heading into winter, we have seen the market in Indented Head continue to trend north, buyer demand exceeding supply.
“Some of the more recent outstanding results include:44-48 Glenrana Drive $1,325,000: 254 The Esplanade $1,725,000: 208 The Esplanade Vacant Land Sold at Auction $991,000 and 15 Seacombe Way Vacant Land $325,000.
“With limited stocks, properties in Indented Head are highly sought after, we have buyers looking for all types of property especially lifestyle/acreage properties and blocks around 600m2 in the older parts of the town.”
Trevor McManus – Neville Richards Real Estate

TIDBIT:
The ‘Ozone’ steel paddle steamer was sunk as a breakwater in 1925

Population: 1,127
Male: 48.5%
Female: 51.5%
Median age: 56
5 year population change: 22.5%
Median house price: $783,000
Change in Median Price: (5yrs) is 62.5%
Median asking rent per week: $440
Average length of ownership: 15 years
Owner occupiers: 78%
Renters: 22%

Historic median house price:
January 2021: $705,000
January 2020: $637,000
January 2019: $624,000
January 2018: $566,000
January 2017: $460,000

House sales per annum:
Period ending January 2021: 37
Period ending January 2020: 36

Land median sale price:
January 2021: $315,000
January 2020: $305,000

Land sales per annum:
Period ending January 2021: 10
Period ending January 2020: 7

 

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