Corio is in the bottom 20% in VIC when comparing median price capital growth over the last year. Corio gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.63%.
The five-year average increase in median property values for Corio,3214 has given property investors a potential capital gain of 5.00% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Corio, 3214. Typically our figures indicate that -6.75% is being offered, which puts this VIC suburb at 1343th most discounted overall in Australia.
Advertised rents are around the $260 mark per week – giving a return of 5.60% based on the median price in Suburb
Over the last year, property investments in Corio, 3214 have given investors a capital gain of 4.24%. This compares averagely with the 4.09% for VIC as a whole.
Over the longer term, Corio has seen property prices show investors a -8.51% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -6.09% to buyers in Corio at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $2700 per annum or $225 every week.