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AREA REPORTS

East Geelong

Suburb Profile

East Geelong - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3219

house

Property investors enjoyed capital gains of 5.69% over the last 12 months in EAST GEELONG, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in EAST GEELONG are low, as opposed to average gains per annum over the past five years.

The suburb posted a 25.48% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $410 based on current median home prices for the suburb.

On average, rents on listings have reached the $410 mark, reflecting a 3.28% increase in returns based on the current median price in EAST GEELONG.

EAST GEELONG, 3219 ranks 190th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 361st on the list of best yielding suburbs for rental properties in VIC, posting a 3.28% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 N/A
GROWTH REPORT
Median Quarterly 5.69% N/A
Median 12 month 5.69% N/A
Median 3 years 25.48% N/A
Median 5 years 52.58% N/A
10 years average annual 7.02% N/A
Weekly media advert. rent $410 N/A
Time on Market 85.7 days N/A
Gross Rental Yield Percent 3.28% N/A
demographics (median values)
Total Population
3828
Weekly Household Income
965.1
Household Size
2.30
demographics
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