Property investors enjoyed capital gains of 9.84% 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 6.99% growth over a ten-year period. It ranks 652nd on our list of suburbs that property investors should look into.
GEELONG, 3220 has a capital gain of 9.84% for the past year, which is higher than average compared to its 34.54% growth within a five-year period.
With the median home price in GEELONG sitting at $670,000, and the average rent at $395, property owners could potentially earn a 3.07% increase in gross rental yield.
A 9.84% increase in median property prices in GEELONG, 3220 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 25th.
Figures from the previous quarter show that capital gains for real estate buyers in GEELONG are high, 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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.84%||7.89%|
|Median 3 years||30.1%||10.22%|
|Median 5 years||34.54%||10.81%|
|10 years average annual||6.99%||3.21%|
|Weekly media advert. rent||$395||$350|
|Time on Market||71.2 days||132.1 days|
|Gross Rental Yield Percent||3.07%||3.55%|