Town by Town Snapshot: Clifton Springs

July 16, 2020 BY

This four-bedroom Clifton Springs home built in 1989 sold recently for $485,000, which is just shy of the median house price for the area.

The size of Clifton Springs is about 6.2 square kilometres and has 10 parks covering nearly 1.9 per cent of total area.

The population of Clifton Springs in 2011 was 7,153 people and by the 2016 Census the population was 7,523 showing a population growth of 5.2 per cent in the area during that time.
Clifton Springs has been steadily growing in popularity while the value of real estate has been following suit, seeing a 40 per cent increase in property prices in the past five years.
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.
Clifton Springs was named after a speculative township between Point Henry and Moolap, laid out in 1849, about midway between Geelong and Clifton Springs.
In 1870 the discovery of mineral springs north of Drysdale (ie. at Clifton Springs) was announced, close to the beach below the Bellarine hillsides.
A bottling plant was installed in 1875, and in 1880 a company was formed to develop the site.
A railway from Geelong to Queenscliff, with a station at Drysdale, had opened the year before.
An elaborate hotel opened in 1888 which burnt down in 1923, and a jetty was constructed in 1890 welcoming passengers from bay steamers.
CoreLogic data indicates that the predominant age group in Clifton Springs is 60-69 years with households in Clifton Springs being primarily childless couples and are likely to be repaying $1,400-$1,799 per month on mortgage repayments, and in general, people in Clifton Springs work in a trades occupation.
In 2011, 80.1 per cent of the homes in Clifton Springs were owner occupied compared with 78.7 per cent in 2016.

Population: 7,523

Male: 48.2%

Female: 51.8%

Median age: 46

5 year population change: 5.2%

Median house price: $486,000

Change in Median Price: (5yrs) is 40.8%

Median asking rent per week: $370

Average length of ownership: 13 years

Owner occupiers: 81%

Renters: 19%

 

Historic median house price:

March 2020: $486,000

March 2019: $473,000

March 2018: $435,750

March 2017: $377,500

March 2016: $350,000

 

House sales per annum:

Period ending March 2020: 166

Period ending March 2019: 170

 

Land median sale price:

March 2020: $280,000

March 2019: $271,000

 

Land sales per annum:

Period ending March 2020: 24

Period ending March 2019: 23

 

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