Corio

An assessment of population growth drivers in Corio reveals an overall ranking slightly below national averages considering recent, and medium term trends

As of November 2025, the population of Corio is estimated at around 15,778. This reflects an increase of 281 people since the 2021 Census, which reported a population of 15,497. The change is inferred from AreaSearch's resident population estimate of 15,713 following examination of ABS ERP data released in June 2024 and an additional 130 validated new addresses since the Census date. This level of population equates to a density ratio of 797 persons per square kilometer. Population growth was primarily driven by overseas migration contributing approximately 66.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusted employing a method of weighted aggregation from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, the suburb is expected to expand by 3,956 persons based on aggregated SA2-level projections, reflecting an increase of 24.5% in total over the 17 years.

Residential development activity is lower than average in Corio according to AreaSearch's national comparison of local real estate markets

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Corio has averaged around 73 new dwelling approvals per year over the past five financial years ending June 2021. This totals an estimated 367 homes. As of April 2026, 10 approvals have been recorded in FY-26. The population has declined recently, yet housing supply has remained adequate relative to demand, creating a balanced market with good buyer choice.

New homes are being built at an average construction cost value of $527,000. This financial year, there have also been $1.3 million in commercial approvals, indicating the area's residential nature. Compared to the Rest of Vic., Corio shows substantially reduced construction activity, with 56.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing properties.

New development consists of 84.0% standalone homes and 16.0% attached dwellings, maintaining the area's traditional low density character focused on family homes. The estimated population per dwelling approval is 530 people. Looking ahead, Corio is expected to grow by 3,863 residents through to 2041, according to AreaSearch's latest quarterly estimate. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Corio has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified ten projects likely to affect the region. Notable projects include Cedar Woods Corio Residential Estate, Stead Park Hockey Facility Upgrade, Gateway Green Estate, and Lovely Banks Development. The following list details those most relevant:.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Employment conditions in Corio face significant challenges, ranking among the bottom 10% of areas assessed nationally

Corio has a balanced workforce with representation from both white and blue collar jobs. The manufacturing and industrial sectors are strongly represented in the area.

As of June 2025, Corio's unemployment rate is 13.1%. This figure represents an increase of 1.5% over the past year, according to AreaSearch data aggregation. There are 6,306 residents currently employed, but this number lags behind the Rest of Vic.'s employment rate by 9.3 percentage points. The workforce participation rate in Corio is also lower at 49.8%, compared to the Rest of Vic.'s rate of 57.4%.

The dominant employment sectors among Corio residents are health care & social assistance, retail trade, and manufacturing. Manufacturing employs a significant share of local workers, with a rate that is 1.6 times higher than the regional level. However, agriculture, forestry & fishing employs only 2.0% of local workers, which is below the Rest of Vic.'s rate of 7.5%. The area appears to offer limited employment opportunities locally, as indicated by the comparison between the Census working population and resident population. Over a 12-month period ending in Sep-22, employment increased by 1.5% while labour force increased by 2.3%, leading to an unemployment rate rise of 0.7 percentage points. In contrast, the Rest of Vic. saw employment fall by 0.9%, labour force contract by 0.4%, and unemployment rise by 0.4 percentage points during this period. Jobs and Skills Australia's national employment forecasts from Sep-22 project a 6.6% increase in employment over five years and a 13.7% increase over ten years nationally. Applying these projections to Corio's employment mix suggests local employment should increase by 5.7% over five years and 12.3% over ten years, although these are simple extrapolations for illustrative purposes only and do not account for localized population projections.

Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis

Corio's median income among taxpayers was $43,075 in financial year 2022. The average income stood at $48,389 during the same period. These figures compare to the Rest of Vic.'s median and average incomes of $48,741 and $60,693 respectively. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for Corio's median income would be approximately $48,313 as of September 2025, with average income estimated at $54,273 during the same period. According to the 2021 Census, household, family and personal incomes in Corio all fell between the 5th and 10th percentiles nationally. In Corio, 31.2% of the population (4,922 individuals) had incomes within the $800 - $1,499 range, differing from metropolitan patterns where the $1,500 - $2,999 income range dominated with 30.3%. Housing affordability pressures were severe in Corio, with only 82.4% of income remaining, ranking at the 10th percentile nationally.

Corio is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

The latest Census evaluation of dwelling structures in Corio showed 91.5% houses and 8.4% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Non-Metro Vic.'s 84.6% houses and 15.4% other dwellings. Home ownership in Corio was at 29.7%, with mortgaged dwellings at 28.9% and rented dwellings at 41.4%. The median monthly mortgage repayment in the area was $1,300, below Non-Metro Vic.'s average of $1,712. The median weekly rent figure in Corio was $280, compared to Non-Metro Vic.'s $335. Nationally, Corio's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were substantially below the national figure of $375.

Corio features high concentrations of group households, with a higher-than-average median household size

Family households account for 67.3 percent of all households, including 24.5 percent couples with children, 20.5 percent couples without children, and 20.2 percent single parent families. Non-family households constitute the remaining 32.7 percent, with lone person households at 28.6 percent and group households making up 4.2 percent of the total. The median household size is 2.5 people, which is larger than the Rest of Vic. average of 2.4.

Educational outcomes in Corio fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area faces educational challenges, with university qualification rates at 10.0%, significantly lower than the VIC average of 33.4%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are most common at 6.9%, followed by postgraduate qualifications (2.2%) and graduate diplomas (0.9%). Trade and technical skills are prominent, with 35.5% of residents aged 15+ holding vocational credentials - advanced diplomas at 8.3% and certificates at 27.2%.

Educational participation is high, with 32.7% of residents currently enrolled in formal education. This includes 11.5% in secondary education, 10.2% in primary education, and 3.1% pursuing tertiary education. A network of 7 schools operates within Corio, educating approximately 3,412 students. The area has typical Australian school conditions (ICSEA: 985) with balanced educational opportunities. The educational mix includes 1 primary, 2 secondary, and 4 K-12 schools. School capacity exceeds residential needs at 21.6 places per 100 residents compared to the regional average of 16.7, indicating Corio serves as an educational center for the broader region. Note: where schools show 'n/a' for enrolments, please refer to the parent campus.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Corio has 77 active public transport stops offering a mix of train and bus services. These stops are served by 10 different routes, facilitating a total of 2,985 weekly passenger trips. The accessibility of these services is rated as good, with residents on average being located 232 meters from the nearest stop.

Across all routes, service frequency averages 426 trips per day, resulting in approximately 38 weekly trips per individual stop.

Health performance in Corio is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Corio faces significant health challenges, as indicated by its health data. Both younger and older age groups exhibit high prevalence rates for common health conditions. The proportion of residents with private health cover is notably low at approximately 46% (~7,268 people), compared to the state average of 52.7% and the national average of 55.3%.

Mental health issues and asthma are the most prevalent medical conditions in Corio, affecting 11.6% and 9.9% of residents respectively. Conversely, 62.2% of residents report having no medical ailments, compared to 65.9% across the rest of Victoria. The area has a lower proportion of seniors aged 65 and over at 15.4% (2,429 people), compared to 16.8% in the rest of Victoria. Health outcomes among seniors in Corio are generally aligned with those of the broader population.

Corio was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Corio's population showed high cultural diversity, with 27.8% born overseas and 23.8% speaking a language other than English at home. Christianity was the predominant religion in Corio, accounting for 43.0% of its population. Islam was overrepresented compared to the rest of Victoria, making up 6.0% of Corio's population versus 2.0%.

The top three ancestral groups were Australian (26.2%), English (25.9%), and Other (14.1%), which was higher than the regional average of 7.3%. Notable divergences included Croatian at 1.5%, Hungarian at 0.5%, and Dutch at 2.2% compared to regional averages.

Corio's population is younger than the national pattern

Corio has a median age of 34, which is lower than the Rest of Vic figure of 43 and Australia's median age of 38. Compared to the Rest of Vic average, Corio has an over-representation of the 25-34 cohort (17.7% locally) and an under-representation of the 65-74 year-olds (9.0%). Between 2021 and present, the 25-34 age group grew from 15.0% to 17.7%, while the 45-54 cohort declined from 12.1% to 10.4% and the 5-14 group decreased from 12.7% to 11.4%. By 2041, demographic modeling projects significant changes in Corio's age profile. The 25-34 cohort is projected to grow by 1,625 people (58%), increasing from 2,792 to 4,418. Conversely, the 55-64 group is expected to decrease by 3 residents.