At number 2056th in the list of Australian suburbs ordered by increase in median house value over the last year, Corio, 3214 is in the top half with a property value increase of 4.06% recorded in median house prices.
Comparing Corio,3214 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Corio should be aiming for at least -6.75% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $260 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Corio, 3214 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.96%.
Corio,3214 has offered an average of -3.96% return per annum in house price rises to property investors over the last three years.
The most recent median price for Corio is $200000, with sellers offering an average of -6.14% off the asking price.
Residents and property investors in Corio have been waiting around 104.5 days to sell a property.
Situated 60.59km from the CBD, Corio is one of Greater Geelong localities in the postcode 3214.