South Geelong

Suburb Profile

South Geelong - FREE SUBURB PROFILE REPORT

POSTAL CODE: VIC,3220

house

SOUTH GEELONG, 3220 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling SOUTH GEELONG, 3220 values up and netting property investors a capital gain of 4% for the past year.

Investors saw the median home price rise to $676,000.

Profits due to an upward trend in home prices in the suburb averaged 19.69% per annum over a 3-year period.

SOUTH GEELONG now ranks at the 287th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $430 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SOUTH GEELONG, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 13 properties were sold in SOUTH GEELONG during the past year, making it the 631st most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT	HOUSE	UNIT
Median Price	$676,000	N/A
GROWTH REPORT
Median Quarterly	0.15%	N/A
Median 12 month	4%	N/A
Median 3 years	59.06%	N/A
Median 5 years	58.04%	N/A
10 years average annual	7.9%	N/A
Weekly media advert. rent	$430	N/A
Time on Market	0.0 days	N/A
Gross Rental Yield Percent	3.31%	N/A