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AREA REPORTS

Geelong

Suburb Profile

Geelong - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3220

house
unit

Property investors enjoyed capital gains of 1.37% over the last 12 months in GEELONG, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.67% growth over a ten-year period. It ranks 641st on our list of suburbs that property investors should look into.

GEELONG, 3220 has a capital gain of 1.37% for the past year, which is lower than average compared to its 45.38% growth within a five-year period.

With the median home price in GEELONG sitting at $740,000, and the average rent at $405, property owners could potentially earn a 2.85% increase in gross rental yield.

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

GEELONG, 3220 in VIC belongs to the local government area of Greater Geelong (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $740,000 $610,000
GROWTH REPORT
Median Quarterly 2.78% 0.83%
Median 12 month 1.37% 2.37%
Median 3 years 8.5% 14.02%
Median 5 years 45.38% 28.02%
10 years average annual 6.67% 5.42%
Weekly media advert. rent $405 $400
Time on Market 108.7 days 75.1 days
Gross Rental Yield Percent 2.85% 3.41%
demographics (median values)
Total Population
4359
Weekly Household Income
1011
Household Size
2.10
demographics
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