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 5.93% growth over a ten-year period. It ranks 1236th 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 22% for the past year, which is higher than average compared to its 32.61% growth within a five-year period.
With the median home price in CORIO sitting at $305,000, and the average rent at $280, property owners could potentially earn a 4.77% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CORIO are high, as opposed to average gains per annum over the past five years.
A 22% 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 90th.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22%||20.73%|
|Median 3 years||27.08%||5.32%|
|Median 5 years||32.61%||32.35%|
|10 years average annual||5.93%||5.91%|
|Weekly media advert. rent||$280||$220|
|Time on Market||29.3 days||104.9 days|
|Gross Rental Yield Percent||4.77%||4.62%|