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East Geelong

POSTAL CODE: VIC, 3219
HOUSE

Property investors enjoyed capital gains of 11.2% 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 3.87% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $540 based on current median home prices for the suburb.

On average, rents on listings have reached the $540 mark, reflecting a 3.24% increase in returns based on the current median price in EAST GEELONG.

EAST GEELONG, 3219 ranks 110th 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 3.24% return.

Surburb overview

East Geelong is an inner-eastern suburb of Geelong in Victoria, located approximately 2 kilometres from the Geelong central business district and about 75 kilometres south-west of Melbourne. The suburb lies within the City of Greater Geelong and is positioned between the CBD, the Barwon River, and neighbouring suburbs such as Newtown and South Geelong.

According to recent census data, East Geelong has a moderate population, with a demographic profile that includes professionals, families, and long-term residents, and a median age close to the national average.

Housing in the suburb is diverse, featuring a mix of period homes, including Victorian and Edwardian styles, as well as renovated properties, units, and some modern infill developments. The area is known for its established streetscapes and heritage character, reflecting its early development as one of Geelong’s original residential areas.

Road connectivity is supported by major routes, such as McKillop Street and Garden Street, which provide direct access to the Geelong CBD and surrounding suburbs. Public transport options include regular bus services, while nearby South Geelong and Geelong railway stations provide V/Line services to Melbourne and regional centres.

Local amenities include neighbourhood shopping areas, cafes, and essential services, with more extensive retail and commercial facilities located in central Geelong.

Educational facilities in the suburb include East Geelong Primary School, with additional primary and secondary schools in nearby areas, as well as access to tertiary institutions such as Deakin University.

Recreational features are a key aspect of the suburb, including access to the Eastern Gardens, Geelong Botanic Gardens, and the waterfront along Corio Bay. The suburb also provides proximity to the Barwon River, supporting walking, cycling, and other outdoor activities.

East Geelong maintains a well-established residential environment with convenient access to central Geelong, transport, and recreational amenities.

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