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Suburb Insights ยท VIC 3214

Corio 3214, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Corio is a coastal suburb in Victoria, Australia, with a population of approximately 15,497, making it a smaller community. Located approximately 59 km from the Melbourne CBD, Corio is a coastal area in Victoria. The median household income is $59,904 AUD per year (ABS 2021 Census).

Investment Score

42 / 100 Moderate

Corio's income profile suggests a value-oriented market with competitive purchase prices. Seaside positioning attracts both owner-occupiers and holiday rental demand.

Location

Map shows Corio, Victoria, Australia.

Key Indicators

Postcode
3214

Official Australia Post postcode for Corio. A postcode may cover multiple suburbs.

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Population
15,497

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$280/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$59,904/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
59 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
4

Estimated 4 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
6

Estimated 6 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,300/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
86% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Corio, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $280/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,300/month. 86% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Corio offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Achieving strong cash flow in Corio is challenging at current rent-to-price ratios.

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Renovation / Flip

Selective flip opportunities exist in Corio for investors with local market knowledge.

Risk Factors

Run the numbers on a Corio property

Full Property Analysis

30-year projections for Corio

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Corio faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental market in Corio should see steady occupancy, with moderate upward pressure on rents. Corio is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Corio a good suburb for investment?

Corio is a coastal area in Victoria with a population of 15,497. The median rent is $280/week and the median household income is $59,904/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Corio?

Key demand drivers in Corio include lifestyle appeal and proximity to the coast. 86% of dwellings are separate houses. The area has approximately 4 schools and 6 parks nearby.

What is the population of Corio?

According to the ABS 2021 Census, Corio has a population of approximately 15,497. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Corio from the Melbourne CBD?

Corio is approximately 59 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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