The population of Leopold in 2011 was 10,111 people and by the 2016 Census the population was 12,810, showing a population growth of 26.7 per cent in the area during that time.<\/p>\n
Market activity in Leopold has been consistently strong with about 250 sales of homes per year as young families flock to this very convenient suburb.<\/p>\n
This is also reflected in the median age for Leopold, which has continued its downward trend and now sits at 39.<\/p>\n
Leopold was originally named Kensington, but was renamed Leopold in 1892 after Queen Victoria\u2019s son, the Duke of Albany.<\/p>\n
Confusion with the Melbourne suburb of Kensington was a reason for the change.<\/p>\n
In 1852, 526 hectares of land was subdivided and offered for sale as the \u2018Princely Domain of Kensington\u2019.<\/p>\n
Whilst the subdivision did not create a village, it provided a name and settlers depended on the Anglican church and school in Hays Road, Point Henry, established in 1849-50.<\/p>\n
By 1865 Kensington also had the short-lived Bellarine Hotel and a community of 300 persons, mostly engaged in agriculture.<\/p>\n
Leopold continued as a rural community until the 1960s, when industrial development at Moolap and Point Henry made Leopold a convenient dormitory suburb.<\/p>\n
CoreLogic data indicates that the predominant age group in Leopold is 0-9 years with households in Leopold being primarily couples with children and are likely to be repaying $1,400-$1,799 per month on mortgage repayments, and in general, people in Leopold work in a trades occupation.<\/p>\n
In 2011, 83.1 per cent of the homes in Leopold were owner-occupied compared with 79 per cent in 2016.<\/p>\n
AGENT PERSPECTIVE:
\n\u201cThe Leopold market continues to go from strength to strength with no signs of slowing down.<\/p>\n
\u201cAfter the uncertainty of last year, the tail end of 2020 and start of 2021 has seen incredible growth and an incredible level of buyer enquiry.<\/p>\n
\u201cWe are selling properties at fantastic prices, with our days on market still incredibly low.<\/p>\n
\u201cThe lack of stock available is driving these prices, as we\u2019re dealing with a lot of buyers who keep on missing out; time and time again!<\/p>\n
\u201cLeopold is now the place to be; 10 minutes to the CBD and 10 minutes to the beautiful beaches on the Bellarine \u2013 what\u2019s not to love?\u201d<\/p>\n
Michaela Miller \u2013 sales consultant, Hayeswinckle Drysdale<\/p>\n
TIDBIT:
\nLeopold\u2019s population doubled during 1961-71 and doubled again during 1971-81.<\/p>\n
Population: 12,810<\/p>\n
Male: 48.3%<\/p>\n
Female: 51.7%<\/p>\n
Median age: 39<\/p>\n
5 year population change: 26.7%<\/p>\n
Median house price: $533,500<\/p>\n
Change in Median Price: (5yrs) is 34%<\/p>\n
Median asking rent per week: $420<\/p>\n
Average length of ownership: 10 years<\/p>\n
Owner occupiers: 82%<\/p>\n
Renters: 18%<\/p>\n
<\/p>\n