Town snapshot – Clifton Springs

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 time.

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.

 

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 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.

AGENT PERSPECTIVE:

“Clifton Springs has enjoyed a strong start to the year with better numbers across open homes and a lower average days on market than 2023.

“Demand 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.”

Lee Martin – Bellarine Property

TIDBIT:

An elaborate hotel opened in 1888 which burnt down in 1923

Population: 7,646

Male: 48.7%

Female: 51.3%

Median age: 48

5 year population change: 2%

House median sales price: $675,000

Change in median price: (5yrs) 40.6%

Median asking rent per week: $460

Average length of ownership: 12 years

Owner occupiers: 81%

Renters: 19%

House median value:

February 2024: $727,200

February 2023: $719,800

February 2022: $782,000

February 2021: $615,600

February 2020: $524,700

House sales per annum:

Period ending February 2024: 135

Period ending February 2023: 156

Land median sale price:

February 2024: $440,000

February 2023: $448,000

Land sales per annum:

Period ending February 2024: 11

Period ending February 2023: 9