NORTH GEELONG, 3215 ranks 311th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.83% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $435,000.
The upward trend in home prices in NORTH GEELONG, 3215 averaged 16.67% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 3.83% increase in returns based on the current median price in NORTH GEELONG.
An average of 4.92 real estate transactions take place per month in NORTH GEELONG which translates to 59 per annum.
59 properties were sold in NORTH GEELONG in 2016, making it the 139th most active market in VIC based on total real estate transactions.
NORTH GEELONG, 3215 places 225th in Australia based on median property value growth during the quarter.
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