AREA REPORTS

Corio

Suburb Profile

Corio - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3214

house
unit

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 7.51% growth over a ten-year period. It ranks 739th 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 27.07% for the past year, which is higher than average compared to its 53.48% growth within a five-year period.

With the median home price in CORIO sitting at $353,000, and the average rent at $285, property owners could potentially earn a 4.2% 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 27.07% 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 29th.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $353,000 $277,000
GROWTH REPORT
Median Quarterly 6.97% N/A
Median 12 month 27.07% 22.03%
Median 3 years 47.08% 34.3%
Median 5 years 53.48% 17.87%
10 years average annual 7.51% 6.51%
Weekly media advert. rent $285 $222.5
Time on Market 29.3 days 88.2 days
Gross Rental Yield Percent 4.2% 4.18%
demographics (median values)
Total Population
14918
Weekly Household Income
696.6
Household Size
2.60
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