Based on its average 5-year and quarterly capital gains CORIO, 3214 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that CORIO, 3214 obtained a 6.75% growth over a ten-year period. It ranks 1041st on our list of suburbs that property investors should look into.
CORIO, 3214 in VIC belongs to the local government area of Greater Geelong.
CORIO, 3214 has a capital gain of 25.36% for the past year, which is higher than average compared to its 43.48% growth within a five-year period.
With the median home price in CORIO sitting at $330,000, and the average rent at $280, property owners could potentially earn a 4.41% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CORIO are low, as opposed to average gains per annum over the past five years.
A 25.36% increase in median property prices in CORIO, 3214 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 41st.
Homeowners and real estate investors betting on CORIO, 3214 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 24.66%.
A steady increase in median property prices over a five-year period in CORIO, 3214 translates to a 16.81% capital gain.
Property investors enjoyed capital gains of 24.66% over the last 12 months in CORIO, translating to lower returns compared with its peers in VIC.
CORIO, 3214 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $278,000.
Profits due to an upward trend in home prices in CORIO, 3214 averaged 5.6% per annum over a 3-year period.
Home owners selling their properties and realtors in CORIO usually have to wait an average of 84.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $230 mark, reflecting a 4.3% increase in returns based on the current median price in CORIO.
CORIO, 3214 places 30th in Australia based on median property value growth during the quarter.