REDBANK PLAINS 
6 MIN READ5 Ways To Finance Your Renovation
Renovating your investment property can boost its overall worth. Here are different ways to finance your latest property...
Read More
North GeelongNorth Geelong - SUBURB PROFILE REPORT
SHARE 
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 $595,000.
The upward trend in home prices in NORTH GEELONG, 3215 averaged 6.94% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 3.41% increase in returns based on the current median price in NORTH GEELONG.
An average of 5 real estate transactions take place per month in NORTH GEELONG which translates to 60 per annum.
60 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 th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,000 | $382,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -2.46% | N/A |
| Median 3 years | 20.81% | N/A |
| Median 5 years | 75% | N/A |
| 10 years average annual | 8.3% | N/A |
| Weekly media advert. rent | $390 | $300 |
| Time on Market | 36.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.41% | 4.08% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
PODCAST