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North Geelong

Suburb Profile

North Geelong - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3215

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unit

NORTH GEELONG, 3215 ranks 1350th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.79% 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 $483,500.

The upward trend in home prices in NORTH GEELONG, 3215 averaged 15.65% per annum over a 3-year period.

Average weekly rents on listings have reached the $340 mark, reflecting a 3.66% increase in returns based on the current median price in NORTH GEELONG.

An average of 2.5 real estate transactions take place per month in NORTH GEELONG which translates to 30 per annum.

30 properties were sold in NORTH GEELONG in 2016, making it the 316th most active market in VIC based on total real estate transactions.

NORTH GEELONG, 3215 places 178th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $483,500 $430,000
GROWTH REPORT
Median Quarterly 1.58% N/A
Median 12 month 1.79% N/A
Median 3 years 46.96% N/A
Median 5 years 54.97% 129.33%
10 years average annual 7.98% N/A
Weekly media advert. rent $340 $290
Time on Market 36.4 days 0.0 days
Gross Rental Yield Percent 3.66% 3.51%
demographics (median values)
Total Population
2669
Weekly Household Income
677.9
Household Size
2.10
demographics
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