Average rent in Corio - Lovely Banks, VIC — 2026

Corio - Lovely Banks sits below the Victoria median, with the typical renter paying $280/week — 23% less than the state-wide $363/week baseline (ABS Census 2021). The suburb skews owner-occupied: 61% own outright or with a mortgage, and only 36% rent. Housing stock is dominated by separate houses (92%), with limited high-density development. Population sits at 18,325, the median age is 36, and the most common occupation is Labourers. 25% of residents were born overseas. Corio - Lovely Banks is 64km from Melbourne, often putting it outside the inner-ring rent pressure zone — though state-level rent indices show the 2021 baseline is now meaningfully out of date. Your reported figure above gives the live read; the Census number anchors the historical baseline.