East Geelong

POSTAL CODE: VIC, 3219

HOUSE

UNIT

Property investors enjoyed capital gains of 9.62% 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 high, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

On average, rents on listings have reached the $520 mark, reflecting a 3.16% increase in returns based on the current median price in EAST GEELONG.

EAST GEELONG, 3219 ranks 119th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 384th on the list of best yielding suburbs for rental properties in VIC, posting a 3.16% return.

Property investors have seen a 1.9% gain in EAST GEELONG based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains EAST GEELONG, 3219 saw average growth in the long term.

EAST GEELONG, 3219 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 $537,035.

Profits due to an upward trend in home prices in EAST GEELONG, 3219 averaged 0% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

The gross rental yield in EAST GEELONG, 3219 is 4.55%.

An average of 1 real estate transactions take place per month in EAST GEELONG which translates to 12 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$855,000	$537,035
Growth Report
Median Quarterly	4.91%	1.9%
Median 12 month	9.62%	0%
Median 3 years	-3.93%	0%
Median 5 years	4.91%	0%
10 years average annual	7.12%	19.23%
Weekly media advert. rent	$520	$470
Time on Market	72.5 days	N/A
Gross Rental Yield Percent	3.16%	4.55%

Demographics (Median Values)*

Total Population 19715

Weekly Household Income 991

Household Size 2.20

Average Age 42

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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