Property value increases in Corio have tracked close to the VIC average of 8.27% over the last 12 months.
Taking the average capital gain, or increase in median house value, Corio,3214 has racked up an average of 8.44% over the period. This ranks it number 2706th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Corio should be aiming for at least -5.91% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 277 properties changed hands in Corio, which puts it as the 65th most active market in VIC when comparing the number of sales per suburb.
VIC has seen average median house prices change by 3.49% which means that Corio, 3214 has done well for property investors by showing a capital gain of -3.53% over the last year
The five-year average increase in median property values for Corio,3214 has given property investors a potential capital gain of -1.68% across each of those five years.
Our latest figures would indicate that property sellers in Corio are currently offering property investors an average price cut of -6.74% below the asking price at the moment.
In the last year 32 properties changed hands in Corio, which puts it as the 242th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $230 mark per week – giving a return of 5.83% based on the median price in Suburb