Property value increases in Corio have tracked just lower than the VIC average of 8.06% over the last 12 months.
Corio,3214 was ranked 1671 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Corio is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 222th in terms of most discounted suburbs in VIC
Residents and property investors in Corio have been waiting around 69.85 days to sell a property.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.41%, without taking into account capital value appreciation, which has been averaging out at 4.04%.
With a capital gain of 1.69% for the last 12 months, Corio, 3214 has performed for property investments than its average annual 7.11% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Corio has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -6.75% to buyers in Corio at the moment, which is less than average for the rest of VIC.
Residents and property investors in Corio have been waiting around 111.6 days to sell a property.
Corio is 28th on a list of best yielding suburbs for rents in VIC with a 5.70% return